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Electric Bikes Market in India 2024-2029

Publisher Netscribes (India) Pvt. Ltd.
Published Feb 01, 2025
Length 69 Pages
SKU # NBS20462247

Description

The electric bikes market in India encompasses a variety of electric two-wheelers such as electric scooters and motorcycles, which are used mainly for personal mobility in urban settings.

In 2023, the electric bikes market in India was valued at INR 156.92 Bn and is expected to reach INR 412.59 Bn by 2029, expanding at a compound annual growth rate (CAGR) of ~17.58% during the 2024 – 2029 period. The electric bikes market in India includes the production, research and innovation, and acceptance of electric two-wheelers among different consumer categories, such as individual transport, delivery services, and shared mobility.

Technological progress, such as advancements in battery efficiency, charging facilities, and bike designs, is boosting the performance, cost-effectiveness, and range of electric bikes, increasing their attractiveness among Indian buyers.

Market drivers:

Rising petrol and diesel prices are pushing consumers to find budget-friendly options for their daily travel, boosting the demand for electric bikes. Electric bikes provide much lower operating costs than conventional fuel-powered motorcycles, making them an appealing choice as fuel prices continue to rise.

Market Trends:

E-bike rentals provide a budget-friendly and adaptable transport solution for short trips, appealing to price-sensitive users in city environments. Due to traffic jams and scarce parking in urban areas, shared e-bike services offer a practical, environmentally friendly option for last-mile connections.

Favorable Government Initiatives

The National Programme on Advanced Chemistry Cells (ACC) Battery Storage, which received approval in May 2021, along with INR 181 Bn in funding, seeks to improve India's manufacturing prowess in ACC batteries. The program emphasizes domestic value addition, mandating companies to reach 25% value addition at first, aiming for 60% in 5 years, supporting the ‘Make in India’ movement.

Table of Contents

69 Pages
Chapter 1: Executive Summary
Chapter 2: Socio-Economic Indicators
Chapter 3: Introduction
3.1. Market definition and structure
Chapter 4: Market Overview
4.1. Electric Bikes Market in India – An Overview
4.2. Market Size and Growth Forecast Based on Value (2024 – 2029)
Chapter 5: Market Segmentation
5.1. Electric Two Wheelers’ Sales – Company-wise (FY 2023)
5.2. Electric Two Wheelers’ Market Share – Company-wise (FY 2023)
5.3. Electric Two Wheelers’ Production (CY 2023)
5.4. Electric Two Wheelers’ Penetration (CY 2023)
Chapter 6: Market Influencers
6.1. Market drivers
6.2. Market challenges
Chapter 7: Market Trends
7.1. Key Market Trends
Chapter 8: Government Initiatives
8.1. Favourable Government Initiatives
Chapter 9: Trade Analysis
9.1. Trade Analysis
Chapter 10: Competitive Landscape
10.1. Bajaj Auto Limited Exide Industries Limited
Company information
Business description
Products/Services
Key people
Financial snapshot
Key ratios
Key financial performance indicators
Key business segments
Key geographic segments
Note: Financial data and segment-wise data is available only for public companies
10.2 Electrotherm (India) Limited
10.3 Ola Electric Mobility Limited
10.4 Tunwal E Motors Limited
10.5 TVS Motor Company Limited
10.6 Wardwizard Innovations & Mobility Limited
10.7 Ather Energy Limited
10.8 Hero Electric Vehicles Private Limited
10.9 Okinawa Autotech Internationall Private Limited
10.10 Tork Motors Private Limited
Chapter 11: Recent Developments
11.1. Key Recent Developments
Chapter 12: Upcoming Products
12.1. Upcoming Product Launches in India
Chapter 13: Appendix
13.1. About Netscribes
13.2. Research methodology
13.3. Disclaimer

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