India Two Wheelers Market Overview, 2030

The Indian two-wheeler market is a cornerstone of the nation's automotive sector, encompassing motorcycles, scooters, and mopeds. The industry plays a crucial role in India's economy, contributing significantly to GDP, employment generation, and fostering last-mile connectivity and economic mobility, especially in semi-urban and rural areas. India boasts the world's largest two-wheeler market by volume. The industry is in a mature yet in dynamic phase, consistently evolving with changing consumer preferences and technological advancements. Hero MotoCorp, Honda, and TVS Motor Company remain the leading players, with intense competition driving innovation. The market's primary drivers include rapid urbanization, rising disposable incomes, and the expanding middle class seeking affordable personal mobility. Strong rural demand, bolstered by improved agricultural output and government initiatives, continues to be a key growth engine. Moreover, increasing environmental consciousness and government incentives like the FAME India scheme are propelling the adoption of electric two-wheelers. However, challenges persist, including fluctuating fuel costs, evolving regulatory landscapes e.g., stringent emission norms, supply chain disruptions, and the need for robust charging infrastructure for EVs. Intense competition and pressure on pricing also remain significant hurdles for manufacturers. Technological advancements, including improved battery technology, smart connectivity features, and enhanced safety like ABS, are boosting consumer confidence and demand. Socio-economic trends such as rapid urbanization, increasing workforce participation, and resurgence in rural demand are crucial drivers.

According to the research report ""Indian Two wheeler Market Overview, 2030,"" published by Bonafide Research, the Indian Two wheeler market is anticipated to grow at more than 6.47% CAGR from 2025 to 2030. The Indian two-wheeler market, a cornerstone of personal mobility, has consistently demonstrated robust performance. Historically, it has been driven by the aspiration for personal transport, especially in rural and semi-urban areas, offering affordable and fuel-efficient commuting solutions. Events like increasing disposable incomes and expanding road networks have consistently fueled its growth. This growth is underpinned by key assumptions including sustained economic development, a flourishing middle-class population, and ongoing infrastructure development. Several influencing factors will shape this trajectory. Technological advancements, including improved battery technology, smart connectivity features, and enhanced safety like ABS, are boosting consumer confidence and demand. Socio-economic trends such as rapid urbanization, increasing workforce participation, and resurgence in rural demand are crucial drivers. The competitive landscape, dominated by players like Hero MotoCorp, Honda, and TVS, is characterized by intense competition, frequent new model launches, and strategic partnerships, all aimed at capturing evolving consumer preferences.

Honda's Activa remains the undisputed market leader in the ICE scooter segment, despite a recent decline in sales. TVS Motor with Jupiter, NTorq, and Zest is a strong second, and has significantly increased its market share. Suzuki Access is also a key player. The Electric Two-Wheeler segment is the fastest growing category in India, transitioning from a niche to a battleground for both startups and legacy players. Improvements in battery technology increasing preference for Lithium-ion over lead-acid, longer ranges 50-100 km range being most popular, faster charging, and smart features. The moped segment in India primarily refers to low-powered, often gearless, two-wheelers. While once a significant category, its standalone identity has blurred somewhat with the rise of scooters and electric two-wheelers. While specific moped sales data might be clubbed with scooters or low-speed E2Ws in broader reports, their individual contribution to overall sales volume is smaller than motorcycles and scooters. India's two-wheeler market is witnessing a significant shift from ICE to electric, particularly in the scooter segment. While motorcycles remain the backbone, especially in commuter and emerging premium categories, the E2W segment is the one to watch for rapid expansion and innovation, driven by supportive policies and evolving consumer preferences. The concept of ""moped"" is increasingly being replaced or subsumed by low-speed electric scooters and e-bikes. These vehicles often do not require a driving license or registration if their top speed is below 25 km/h, making them highly accessible for a wider demographic, including teenagers and senior citizens, contributing to their growing popularity.

The Indian motorcycle market is incredibly diverse, spanning various engine capacities and catering to a wide spectrum of consumer preferences, from everyday utility to high-performance aspiration. The Commuter segment (<150cc) forms the foundational bedrock, consistently driven by its affordability, fuel efficiency, and robust build quality, making it ideal for daily commuting. Models like the Hero Splendor and Honda Shine 125 are perennial best-sellers, particularly dominating sales in rural and semi-urban areas. Moving up, the Executive/Premium Commuter segment (150-200cc) is experiencing robust growth as buyers increasingly seek enhanced performance, stylish aesthetics, and more features. Bajaj's Pulsar range and TVS's Apache series are prominent choices in this category, attracting a younger, urban demographic. The Performance/Enthusiast category (200-500cc) represents a significant growth driver, fueled by aspirational purchases and the rising popularity of leisure riding and motorcycling culture. Royal Enfield stands as an undisputed dominant force in this space, having impressively sold across its entire lineup, with popular models like the Classic 350 and Hunter 350 performing exceptionally well. This segment also includes dynamic offerings from brands like KTM and Bajaj (Dominar). Finally, the Premium/Superbikes (>500cc) segment, though currently a niche, is steadily expanding. This category caters to affluent enthusiasts seeking high-performance and luxury models from international brands such as Harley-Davidson, Kawasaki, and Triumph, distinctly showcasing the broader market trend towards premiumization.

The Indian two-wheeler market is fundamentally bifurcated between Internal Combustion Engine (ICE) vehicles and the rapidly growing Electric Two-Wheelers (E2Ws). While ICE two-wheelers currently dominate, holding a substantial market share, manufacturers are actively innovating to comply with stricter emission norms like BS6 and the upcoming BS7. These advancements necessitate features such as advanced fuel injection systems and on-board monitoring, which aim for near-zero emissions. ICE models benefit from established infrastructure, widespread service networks, and generally lower upfront costs, offering a wide array of choices. This surge is significantly driven by government initiatives like the Electric Mobility Promotion Scheme (EMPS 2024), which provides demand incentives, alongside escalating petrol prices and growing environmental awareness among consumers. Advancements in battery technology, including improved energy density, longer range, faster charging capabilities, and the potential for battery swapping, are also key catalysts. Traditional OEMs like TVS (iQube) and Bajaj Auto (Chetak) are making aggressive inroads, fiercely competing with dedicated EV startups such as Ola Electric and Ather Energy. Despite this promising outlook, challenges persist, including the relatively higher upfront cost of E2Ws, 'range anxiety' due to still-developing charging infrastructure, and the need for greater standardization in charging solutions. Continuous efforts in infrastructure development and technological refinement are addressing these concerns.

Considered in this report
• Historic Year: 2019
• Base year: 2024
• Estimated year: 2025
• Forecast year: 2030

Aspects covered in this report
• Two Wheelers Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type
• Motorcycle
• Scooters
• Electric Two-Wheeler
• Mopeds

By Engine Capacity
• <150 CC
• 151 -400 CC
• 401- 800CC
• > 801 CC

By Price
• ICE
• Electric