Press release
India Electric Scooters Market Valuation to Reach USD 3.0 Billion by 2033 - Expanding at a CAGR of 9.60%
India Electric Scooters Market 2025-2033
How Big is the India Electric Scooters Market?
The India electric scooters market size reached USD 1.3 Billion in 2024 and is expected to reach USD 3.0 Billion by 2033, exhibiting a growth rate (CAGR) of 9.60% during 2025-2033.
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 1.3 Billion
Market Size in 2033: USD 3.0 Billion
Market Growth Rate (CAGR) 2025-2033: 9.60%
India Electric Scooters Market Trends and Drivers:
India electric scooters market is growing very fast, driven mainly by increasing environmental consciousness, increasing fuel prices, and supportive government policies. As urban traffic conditions are deteriorating, consumers are switching towards electric scooters as a cheaper and environmentally friendly substitute to conventional two-wheelers.
In essence, the demand increase is further supplemented by advancements in battery technology, including higher range and quick charging. Besides that, the government's encouragement via schemes such as FAME II and state-level incentives has also lowered the initial cost of electric scooter ownership considerably, thus making them more affordable for the masses. Further, the growth in popularity of shared mobility companies and last-mile delivery ventures is also accelerating commercial usage of electric two-wheelers, thereby enhancing market penetration.
Another important trend defining the market is growing involvement of not just veteran automotive companies but also startups in the electric scooter category, resulting in increased product diversity, innovation, and competitive pricing. Improvements in charging facilities in urban and semi-urban areas are also stimulating improved usage rates by consumers. Essentially, most of the top players are making investments in local manufacturing and R&D to match the government's Make in India program and de-imperialize their dependence on imports.
In Addition, increasing consumer demand for intelligent features like app connectivity, GPS tracking, and digital dashboards is encouraging manufacturers to infuse advanced technologies within their products. Additionally, environmental laws and an intense focus on sustainable transport solutions should continue to drive long-term market expansion. As consumer awareness grows, improved access to financing, and growing dealership networks, the India electric scooters market is poised to grow even bigger in the next couple of years.
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India Electric Scooters Market Segmentation:
The report has segmented the market into the following categories:
Drive Insights:
• Belt Drive
• Chain Drive
• Hub Motors
Battery Insights:
• Lead Acid
• Lithium Ion
• Others
End Use Insights:
• Personal
• Commercial
Regional Insights:
• North India
• South India
• East India
• West India
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Key highlights of the Report:
• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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About Us:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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