India Electric Two-Wheeler Market 2025: Industry to Reach 11,145.0 Thousand Units by 2033 at a CAGR of 28.5%

Attributes and Key Statistics of the India Electric Two-Wheeler Market Report by IMARC Group:

Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Units: Thousand Units
Market Size in 2024: 960.0 Thousand Units
Market Forecast in 2033: 11,145.0 Thousand Units
Market Compound Annual Growth Rate 2025-2033: 28.5%

As indicated in the latest market research report published by IMARC Group, titled "India Electric Two-Wheeler Market Report by Vehicle Type (Electric Scooter/Moped, Electric Motorcycle), Battery Type (Lithium-Ion, Sealed Lead Acid (SLA)), Voltage Type (96V), Peak Power (10 kW), Battery Technology (Removable, Non-Removable), Motor Replacement (Hub Type, Chassis Mounted), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market.

Market Size & Future Growth Potential:

India electric two-wheeler market size reached 960.0 Thousand Units in 2024. Looking ahead, the market to reach 11,145.0 Thousand Units by 2033, exhibiting a growth rate (CAGR) of 28.5% during 2025-2033.

Core Factors Driving Market Trends:

India electric two-wheeler market is experiencing a dynamic surge, propelled by a blend of environmental consciousness, supportive government policies, and the need for affordable urban mobility. Basically, rising fuel prices and growing concerns over air pollution have accelerated the shift from traditional ICE (internal combustion engine) vehicles to electric alternatives, especially in congested urban settings. In Addition, government schemes such as FAME-II (Faster Adoption and Manufacturing of Electric Vehicles in India), subsidies, tax exemptions, and reduced registration fees have significantly lowered the upfront cost of electric two-wheelers, making them attractive to both first-time buyers and fleet operators.

Moreover, state-level incentives, including direct subsidies, road tax waivers, and charging infrastructure development, are further catalyzing demand. Alongside this, the rising number of delivery-based gig economy platforms is boosting demand for cost-effective, low-maintenance, and high-mileage vehicles-segments where electric scooters and bikes excel. Furthermore, the advancement in battery technology, particularly in lithium-ion batteries, has led to better range, faster charging, and improved lifespan, easing consumer apprehension around EV performance.

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Also, increasing private investment in charging infrastructure, battery swapping stations, and service networks is enhancing the overall electric mobility ecosystem. In Addition, domestic startups and established OEMs are launching new models with upgraded designs, connectivity features, and performance to cater to different consumer segments-from daily commuters to tech-savvy urban riders. Besides this, growing awareness of climate change and green transportation is encouraging consumers, particularly millennials and Gen Z, to opt for sustainable mobility solutions. Moreover, growing urbanization and increased traffic congestion are making compact and efficient electric two-wheelers a practical choice for short-distance commuting.

Meanwhile, digital financing platforms, EMI schemes, and leasing options are also easing ownership for a larger audience. Additionally, local manufacturing under the "Make in India" initiative and emphasis on reducing import dependence are helping build a cost-competitive and robust supply chain. Moreover, the emergence of battery-as-a-service (BaaS) and subscription-based ownership models is further reducing the total cost of ownership. Overall, the convergence of technology, policy support, consumer preference shifts, and infrastructure development is driving the Indian electric two-wheeler market into a high-growth phase, redefining the future of personal mobility.

Comprehensive Market Report Highlights & Segmentation Insights:

Vehicle Type Insights:

• Electric Scooter/Moped
• Electric Motorcycle

Battery Type Insights:

• Lithium-Ion
• Sealed Lead Acid (SLA)

Voltage Type Insights:

• Less than 48V
• 48 to 60V
• 61 to 72V
• 73 to 96V
• More than 96V

Peak Power Insights:

• Less than 3 kW
• 3 to 6 kW
• 7 to 10 kW
• More than 10 kW

Battery Technology Insights:

• Removable
• Non-Removable

Motor Replacement Insights:

• Hub Type
• Chassis Mounted

Regional Insights:

• North India
• West and Central India
• South India
• East and Northeast India

Top Players Analysis:

The report provides a detailed analysis of the competitive environment. It covers various aspects such as market structure, positioning of key players, top strategies for success, a competitive dashboard, and a company evaluation quadrant. Furthermore, the report includes comprehensive profiles of all major companies.

Key highlights of the Report:

• Historical Market Performance
• Future Market Projections
• Impact of COVID-19 on Market Dynamics
• Industry Competitive Analysis (Porter's Five Forces)
• Market Dynamics and Growth Drivers
• SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)
• Market Ecosystem and Value Creation Framework
• Competitive Positioning and Benchmarking Strategies

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Major Advantages of the Report:

• This report provides market leaders and new entrants with accurate revenue estimates for the overall market and its key subsegments.
• Stakeholders can leverage this report to gain a deeper understanding of the competitive landscape, enabling them to strategically position their businesses and develop effective go-to-market strategies.
• The report provides stakeholders with valuable insights into the market dynamics, offering a comprehensive analysis of key drivers, restraints, challenges, and opportunities.

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• Extensive Industry Expertise
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Note: Should you require specific information not included in the current report, we are pleased to offer customization options to meet your needs.

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