India E-Bike Market 2021-2026 skyrocketed revenue with key players Trek Bikes, eAdicct, Being Human, OMO Bikes, Hero Cycles Ltd, eBikeGo, PURE EV, Elektron Cycles, Giant Bicycles Co. Ltd

Latest research on India E-Bike Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2021 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the India E-Bike market. This report included a special section on the Impact of COVID19. Also, India E-Bike Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the India E-Bike industry.

India E-Bike market is growing at a CAGR of 10% during the forecast period (2021-2026).

The India E-Bike market is highly competitive and consists of a number of major players. Top Companies like Trek Bikes, eAdicct, Being Human, OMO Bikes, Hero Cycles Ltd, eBikeGo, PURE EV, Elektron Cycles, Giant Bicycles Co. Ltd, GoZero Mobility*

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Industry News And Developments:

- In 2019, Zadd Automotive introduced two electric bikes Utility Mini, and Zadd X1, with the option of converting them into smart bikes.

- In February 2020, Nexzu Mobility has launched three e-cycles, Roadlark, Aello, and Rompus. All the e-cycles are equipped with lithium-ion batteries and BLDC 250W 36V motors.

- In 2019, GoZero entered into the Indian market by launching its two models One and Mile electric, company has also set up a manufacturing facility with Kirti Solar Limited in Kolkata. Company's further plan is to set up around 18 retail stores across the country in coming years.

Scope of the Report

- According to 2018 report of The Energy and Resources Institute (TERI), which is supported by All India Cycle Manufacturers Association (AICMA), If two-wheelers and four-wheelers were substituted by bicycles for short-distance trips, then it can provide an annual benefit of around INR 1.8 trillion, and if 50% of all trips under 8 km were done through cycling, it will result into energy savings of up to 0.35 million tonnes.

- E-bike, commonly known, as an electric bicycle, is a bike that has an integrated electric motor aligned to the pedals of the bicycle, which supplies differential force used for the forward movement of the bicycle. The electric bikes majorly use Li-ion chargeable battery with maximum speed up to 25 to 45 km/h, much faster than the conventional cycle.

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Key Market Trends

New Product Development will Provide the Boost in the Market

The factor which is likely to fuel the demand of the e-bike market in India is the increasing interest of new startups in e-bike leasing and new e-bike development in the country. For instance,

In 2019, the Bangalore-based electric bike rental Yulu entered into a partnership with Bajaj. Both the players will co-design and manufacture upcoming Yulu two-wheelers. Yulu maintains over 3,000 electric bikes on its platform and its plan is to have 100,000 two-wheelers in its fleet by next year. Yulu is also expanding its presence quickly in the country, it has acquired the permission to provide electric bikes at 250 subway stations in Delhi.

Also, major conventional bicycle manufacturers are launching their electric bicycles with the latest technology, and innovative design in the Indian market. For instance, In the 2020 Auto Expo, Hero cycles launched its e-bikes lineup, which includes a folding bike Easy Step, a straphanger, and an electric fat bike Essentia. Whereas in 2019 Hero, Cycles in partnership with Yamaha Motor Co. launched Lectro e-cycle, Lectro EHX20 is powered by Yamaha electric drive unit with a center motor positioned directly between the pedals.

Technology Gap is hindering the India E-Bike Market

The Indian government is pushing for local manufacturing of products under Make in India, from the past few years but in the present scenario, major components of the e-bikes are imported from other countries due to lack of expertise in that component. Owing to the procurement of components such as motor, electric drive unit, and batteries; the final cost of e-bicycles are near to conventional scooters. Moreover, companies are trying to get a push from governments for e-bicycles and infrastructure.

What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: India E-Bike Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2015 to 2020 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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