India Two Wheeler Market to Grow with a CAGR of 10.50% Through 2030

Expansion of distribution networks, advancements in technology, and increasing urbanization with rising disposable incomes among the middle class are the factors driving the India two-wheeler market in the forecast period 2026-2030.

According to TechSci Research report, “India Two Wheeler Market - By Region, Competition, Forecast & Opportunities, 2030F”, the the The India Two Wheeler market was valued at USD 18.24 Billion in 2024 and is expected to reach USD 33.20 Billion by 2030 with a CAGR of 10.50% during the forecast period. The Indian two-wheeler market is experiencing significant growth due to urbanization, rising disposable incomes, and a youthful population that values mobility and convenience. Motorcycles and scooters are increasingly popular in urban and semi-urban areas for their affordability, with better roads and infrastructure further contributing to the market's expansion. However, challenges such as fluctuating raw material prices and stringent regulatory requirements on emissions and safety standards are creating pressures on manufacturers to innovate and adapt.

Looking ahead, the electric vehicle (EV) segment presents promising opportunities, driven by rising environmental awareness and government incentives. Innovations in battery technology and the development of charging infrastructure are expected to play a crucial role in the growth of EVs. Embracing digital transformation will also allow companies to improve customer engagement and operational efficiency. By addressing these evolving dynamics, manufacturers can capitalize on shifting consumer preferences and sustain long-term growth in India’s two-wheeler market.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "India Two Wheeler Market” 

 The India Two Wheeler Market is segmented into Vehicle Type, Propulsion Type, and Region.

Based on propulsion type, electric two-wheelers are the fastest-growing segment in India in 2024, reflecting a significant shift towards sustainable and cost-effective mobility solutions. Rising awareness about environmental concerns, coupled with government policies promoting electric mobility, is driving the adoption of electric two-wheelers. Subsidies, tax benefits, and reduced registration costs have made these vehicles more affordable, encouraging consumers to transition from internal combustion engine (ICE) models. Improvements in battery technology, such as increased range and reduced charging times, have further enhanced the practicality and appeal of electric two-wheelers for daily commutes and short trips. Urban consumers, especially younger demographics, are increasingly drawn to their low running costs and the convenience of charging at home. The growth is also supported by a burgeoning charging infrastructure network, making electric two-wheelers a viable option for a broader audience.

Electric two-wheelers also align with India’s push towards energy independence, as they reduce dependence on imported fuels. Manufacturers are introducing a wide range of models catering to diverse needs, from affordable commuter options to feature-rich, high-performance variants. The integration of advanced technology, such as connected features, regenerative braking, and customizable ride modes, has enhanced the user experience, making electric two-wheelers a strong contender in the market. With urbanization accelerating and traffic congestion worsening, electric two-wheelers offer a sustainable and efficient solution, solidifying their position as the fastest-growing propulsion type in the Indian two-wheeler market.

Based on region, South India is emerging as the fastest-growing market for two-wheelers in 2024, driven by a combination of urbanization, economic growth, and strong cultural affinity for personal vehicles. Cities like Bengaluru, Chennai, and Hyderabad are witnessing increased adoption due to their growing middle-class population and infrastructure developments supporting mobility. The region’s high literacy rates and technological awareness contribute to a preference for advanced, feature-rich models. Rural areas in South India are also experiencing growth, as improved road connectivity and rising incomes drive demand for affordable and efficient two-wheelers. South India’s diverse demographic base, encompassing both urban professionals and rural consumers, creates a robust market for two-wheelers, ensuring consistent growth across segments and propulsion types.

Major companies operating in India India Two Wheeler Market are:

• Hero MotoCorp Ltd.
• Honda Motorcycle & Scooter India Pvt. Ltd.
• India Yamaha Motor Pvt. Ltd.
• Eicher Motors Ltd.
• Bajaj Auto Ltd.
• TVS Motor Company Limited
• Suzuki Motorcycle India Private Limited (‘SMIPL’)
• Piaggio Vehicles Pvt. Ltd.
• Hero Electric Vehicles Pvt. Ltd. 
• Okinawa Autotech Internationall Private Limited

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“The Indian two-wheeler market, deeply ingrained in the country's transportation culture, is experiencing a significant shift. Traditional players like Hero MotoCorp and Bajaj Auto continue to dominate, but the emergence of electric two-wheelers from startups like Ola Electric and Ather Energy reflects a growing interest in sustainable mobility. Government incentives and the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme are pushing electric adoption. Safety remains a concern, with efforts to improve regulations and safety features. The market is intensely competitive, with domestic and international players vying for dominance. The future is marked by electric growth, increasing export potential, and a shift towards connected, eco-friendly two-wheelers, aligning with India's evolving consumer preferences and global environmental goals.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“India Two Wheeler Market By Vehicle Type (Scooter/Moped, Motorcycles), By Propulsion Type (ICE, Electric), By Region, Competition, Forecast & Opportunity, 2020-2030F”, has evaluated the future growth potential of India 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 take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Two Wheeler Market.  

Contact Us-

TechSci Research LLC                                                                                              

420 Lexington Avenue, Suite 300,

New York, United States- 10170

M: +13322586602

Email: sales@techsciresearch.com

Website: www.techsciresearch.com