Electric Two-wheelers in India (1) Policies and Market Overview
e-Mobility of 8 major OEMs: TVS, Bajaj, Hero, Honda, Royal Enfield, Yamaha, Suzuki, and Piaggio
2024/07/31
- Summary
- Classification of electric two-wheelers
- Electric two-wheeler market and sales forecast
- Sales of electric two-wheelers by OEM
- Factors affecting electric two-wheeler sales in India
- Indian government policies to promote electric two-wheelers
- TVS Motor
- Bajaj Auto / Chetak Technology
- Hero MotoCorp
- Honda Motorcycle & Scooter India
- Royal Enfield / Eicher Motors
- India Yamaha Motor
- Suzuki Motorcycle India
- Piaggio
Summary
The two-wheeler is one of the most popular ways of transport in India. It contributes to over 70% of total vehicle sales in India. That’s why, India is the largest producer of two-wheelers in the world. The market is dominated by ICE two-wheeler manufacturers.
But in recent years, environmental concerns and dependence on imported crude oil to meet domestic demand have prompted the government to promote alternative means in the transport sector. Electric two-wheeler sales are continuously increasing in India and last financial year, it crossed the one million mark first time.
Rapid urbanization, increasing fuel prices, favorable government policies, subsidies, and sustainability concerns are a few factors that are increasing the adoption of electric two-wheelers in India. However, it was also impacted by safety concerns like battery fires, irregularities by OEMs in subsidiaries, and poor charging infrastructure, which are a few reasons that still raise concern in consumer minds.
The report is the first part of the electric two-wheel market coverage of India. It covers the current market scenario of high-speed two-wheelers, the review of government policies, and the performance and business plan for e-mobility of ICE two-wheelers OEMS. The next report will cover the plans of electric two-wheeler start-ups.
Related reports:
Indian two-wheeler production and plant capacity analysis (Jun. 2024)
Bharat Mobility Global Expo 2024 (2) Two-wheelers in India (Mar. 2024)
Investment in India: OEMs, Two-wheelers, and Suppliers (Feb. 2024)
Global Motorcycle Production and Sales: Overview of India, China, and ASEAN (Aug. 2023)
Categorization of Electric Motorcycles (Aug. 2023)
Indian Auto Expo 2023 (2): Electric two-wheeler start-ups (Mar. 2023)
Indian Electric Two-wheelers: 64 companies (Apr. 2022)
Free membership registration allows you to read the rest of the article for a limited time.
