India 2W MBO Market is expected to grow 11% CAGR owing to the rise in the sales of E2W, high traction from luxury motorbike segment and digitalization of the on-boarding process: Ken Research

The India 2W MBO Market is highly fragmented major with players occupying almost half of the market. The key players operating in the market are not only competing based on product quality and promotion but are also focusing on strategic moves to hold larger market shares. Some of the major players in the market include Bajaj, Suzuki, Honda, Ather, Mahindra, hero, Speed Force, AutoevMart among others.

To learn more about this report:  Download a Free Sample Report
https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MzM3

As per ICRA, the electric two-wheeler sector is expected to grow by 8-10% per annum.
Many superbike clubs have sprung up in the past few years.
As per expert projections, by 2023, the luxury bike segment may grow up to $161 Mn in India.
To capture the rural market players are trying to include Digi locker based on boarding process in the rural areas.
This will simplify the process and help in seamless and time efficient connection. 

Government Subsidies: In order to boost EV manufacturing, the DHI recently increased the subsidies for E2Ws from Rs 10,000 per kWh to Rs 15,000 per kWh - a 50% increase. Only e-scooters with an avg. speed of 40 kmph and a range equal to or greater than 80 km qualify for the FAME II EV subsidy scheme.

Click to Read Full Article:  India MBO 2W Market
https://www.kenresearch.com/industry-reports/india-two-wheeler-mbo-market

Future of EV in India: The E2W Market is expected to grow at double digit CAGR (2021-2027). EV adoption in India over the next five years is going to be essentially driven by two-wheelers and three-wheelers. The e-2Wmarket in India is developing on account of increased government policies supporting battery-powered vehicles, the growing cognizance toward the environment, snowballing petrol prices, and strict emission norms.

Finance Engagement Model: Banks mostly provide loans to an MBO via authorized dealer. Invoice is generated by the authorized dealer. NBFCs mostly directly partners with the MBO. Basic documentation is completed by a MBO executive. Both the party's partner with a DSA to receive loan enquiries in most cases. DSA Codes are generated to give payouts to the MBOs. Organized Financers dealing with the MBOs directly are mostly unregistered MBOs.

Analystas at Ken Research in their latest publication "India Two Wheelers MBO Market Outlook to 2027F- Driven by EV sales penetration and high demand from semi-urban as well as rural areas is driving the sales from MBOs of two wheelers" by Ken Research observed that 2W MBO market is an emergent vehicle market in India at a rebounding stage from the economic crisis after pandemic but has shown growth after covid. The rising government policies and the hard push given by the EV foreign brands and increase in loan requirement is expected to contribute to the market growth over the forecast period. The market is expected to grow at a ~10% CAGR during 2023-2027F owing to high penetration E2W with multiple players.

 Ask for Customization
https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2MzM3

Key Segments Covered in the report

India 2W MBO Market 

By Type of Vehicle (By Basis of Volume) FY'2022 and FY'2027F

Motorcycle
Scooter 

By Type of Bike (By Basis of Volume) FY'2022 and FY'2027F

Commuter
Sports
Scooter

By Organized and Unorganized (By Basis of Volume) FY'2022 and FY'2027F

By Region (By Basis of Volume) FY'2022 and FY'2027F

North
South
East
West

 By Brand (By Basis of Volume) FY'2022 and FY'2027F

Honda
TVS Motor Company
Bajaj
Hero MotoCorp

 By Engine Capacity (By Basis of Volume) FY'2022 and FY'2027F

100-110CC
125CC-135CC
150CC-200CC
others

 By 2W Specification (By Basis of Volume) FY'2022 and FY'2027F

ICE 2W
EV 2W

By Financing & Non-Financing (By Basis of Volume) FY'2022 and FY'2027F

Financing
Non-Financing

By Gender

Male
Female

 Key Target Audience: 

Two-Wheeler OEM's
Two-Wheeler Dealers
Online Portals (Aggregators/Marketplace Platform)
Online Classified Platforms
E-Commerce & Hyperlocal Companies
Private Equity Investors
2W Manufacturers

Time Period Captured in the Report:

Historical Period: 2016-2022P

Base Period: 2022P
Forecast Period: 2023F-2027F

 Companies Covered:

AutoEV Mart by Greaves (Cotton Greaves Ltd)
BikeWo Mobility Pvt Ltd
Blive (Arcis Clean Energy Pvt. Ltd.)
Eco EVOLS Private Limited
FAE Bikes
M2Go Electric Vehicle Pvt Ltd
Mad About Wheels Pvt Ltd
Moto Vault
Motoroyale India Pvt Ltd
Hero
Honda
Suzuki
City Motors
Bajaj

Key Topics Covered in the Report

India 2W MBO Market Introduction
India 2W MBO Market Size, 2017-2022
India 2W MBO Market Segmentation, 2022
Growth Driver and Issues in India 2W MBO Market
SWOT Analysis and Trends in India 2W MBO Market
Snapshot of EV Penetration in India 2W MBO Market, 2022
Company Profiles of Major Players
Future Outlook to India 2W MBO Market
Analyst Recommendations

 ContactUs:
KenResearch
supoort@kenresearch.com
+91-9015378249

India

Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.