The India Electric Two-Wheeler market was valued at USD 621.11 Million in 2024 and is expected to reach USD 3391.52 Million by 2030 with a CAGR of 32.70% during the forecast period.

The rise of electric two-wheelers in India, driven by government incentives, environmental awareness, and the demand for cost-effective urban mobility solutions, is accelerating market growth. Technological advancements in battery efficiency and expanding charging infrastructure are further supporting adoption. These factors are expected to drive continued market expansion in the forecast period 2025-2030.

According to TechSci Research report, “India Electric Two-Wheeler Market –Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Vehicle Type (Scooter/ Moped, Motorcycle), By Battery Type (Swappable, Non-Swappable), By Battery Capacity (<2 kWh, 2-2.5 kWh, >2.5 kWh), By Range (<50 km, 50-100 km, 101-150 km, >150 km), By Region, By Competition, 2020-2030F”, The India Electric Two-Wheeler market was valued at USD 621.11 Million in 2024 and is expected to reach USD 3391.52 Million by 2030 with a CAGR of 32.70% during the forecast period. The India electric two-wheeler market is expanding due to strong government support for clean mobility, rising fuel costs pushing consumers towards affordable options.  The demand is also fueled by the increasing adoption of electric vehicles in logistics and e-commerce sectors, with companies focusing on reducing their carbon footprint. In addition, improvements in battery technology, which offer better range and quicker charging, are making electric two-wheelers more attractive. These factors are driving the market in the forecast period 2025-2030.

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The electric two-wheeler market in India is rapidly growing, driven by government incentives, rising fuel costs, and the demand for eco-friendly transportation. Policies like the FAME scheme and subsidies are making electric vehicles more affordable. Urban consumers, facing traffic congestion and high fuel prices, are increasingly opting for electric scooters and bikes as a cost-effective and sustainable solution. Advances in battery technology are further reducing costs and improving efficiency, making electric two-wheelers more accessible.

Key trends shaping the market include a shift towards sustainability, with younger, environmentally-conscious consumers leading the adoption of electric vehicles. Innovations in battery technology, such as faster charging and longer range, are attracting more buyers. Expanding charging infrastructure is making electric two-wheelers more practical, while new startups are introducing a range of models to meet diverse consumer needs, from budget-friendly options to high-performance electric motorcycles.

Challenges still exist, including high upfront costs, especially due to expensive batteries, and limited range for longer-distance travel. While charging infrastructure is expanding, many rural and semi-urban areas remain underserved. However, ongoing advancements in battery technology and infrastructure development present significant growth opportunities, and the market is expected to expand substantially in the coming years as these challenges are addressed.

The India Electric Two-Wheeler Market is segmented into Vehicle Type, Battery Type, Battery Capacity, Range, and Region.

The Indian electric two-wheeler market is divided into two main segments based on battery type: swappable and non-swappable. Swappable battery vehicles feature removable batteries that can be exchanged at designated stations, addressing concerns like long charging times and range anxiety. This model is especially popular for commercial use, such as delivery fleets, where quick turnaround and minimal downtime are important. Swapping also eliminates the need for home charging infrastructure, making electric vehicles more accessible in areas with limited charging options.

Non-swappable battery vehicles, on the other hand, have fixed batteries that must be charged at home or through public charging stations. These vehicles typically offer longer ranges per charge and are favored by consumers who prioritize distance. They are simpler in design and may be more cost-effective, but charging can take several hours depending on the battery size and charger type. The growth of public charging infrastructure is making non-swappable battery vehicles more viable for everyday use.

Both battery types serve different market needs. Swappable battery models cater to urban commuters and commercial users who need convenience and fast recharging, while non-swappable models appeal to those seeking longer ranges and home charging options. As charging infrastructure continues to expand, both segments are likely to coexist, each addressing specific needs within India's growing electric mobility landscape.

In 2024, North India is emerging as the fastest-growing market for electric two-wheelers in India, driven by the rise in last-mile delivery services and the expansion of bike taxi operations. Growing urbanization, government incentives, and an increasing preference for cost-effective, eco-friendly transportation are boosting demand in this region. Additionally, rising fuel prices and a focus on reducing air pollution are encouraging both individuals and businesses to shift toward electric two-wheelers. This combination of factors positions North India as a key player in the country’s electric mobility transformation.

Major market players operating in India Electric Two-Wheeler market are:

• Hero Electric Vehicles Pvt. Ltd
• Okinawa Autotech International Private Limited
• Greaves Electric Mobility Private Limited
• Ather Energy Limited
• PuR Energy Pvt. Ltd
• Ola Electric Mobility Ltd
• TVS Motor Company
• Revolt Intellicorp Private Limited
• BENLING INDIA ENERGY AND TECHNOLOGY PVT LTD
• Bajaj Auto Ltd

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"The Indian electric two-wheeler market is witnessing significant growth, driven by increasing environmental awareness and government incentives. As infrastructure improves, particularly with the expansion of charging and battery-swapping stations, both swappable and non-swappable electric vehicles are gaining traction across urban and rural areas. Looking ahead, the market is expected to continue evolving, with advancements in battery technology and greater adoption of electric mobility contributing to a cleaner, more sustainable transportation ecosystem in India," said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.

The report titled “India Electric Two-Wheeler Market –Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Vehicle Type (Scooter/ Moped, Motorcycle), By Battery Type (Swappable, Non-Swappable), By Battery Capacity (<2 kWh, 2-2.5 kWh, >2.5 kWh), By Range (<50 km, 50-100 km, 101-150 km, >150 km), By Region, By Competition, 2020- 2030F”, evaluates the future growth potential of Indian Electric Two-Wheeler market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers make sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Indian Electric Two-Wheeler market.

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