Electric 2 Wheeler Market In India

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Electric 2 wheeler market in india.

Some of the major players operating in india two wheeler market include hero motocorp ltd honda motorcycle scooter india pvt. The electric two wheeler market in india is expected to grow at a cagr of over 44 during the period 2019 2025 prnewswire with the purchase of india electric two wheeler market report receive. Sachin bansal the wave will also hit honda scooter and motorcycle india hmsi majorly it s scooter segment. To perform the study techsci research conducted primary as well as exhaustive secondary research.

In fy2019 the top 10 two wheelers sold in the country all consisted of models which displaced less than 150 cc and accounted for total sales of 1 31 crore units of over 2 11 crore units sold in total. Electric two wheeler sales in india during the financial year 2020 registered a growth of 20 6 compared to. Only electric 2 wheelers may be sold in country after 2025 india has the potential to lead electric two wheeler race. Published by vaibhav asher sep 23 2019 the number of electric two wheelers across india was projected to cross the 26 million units mark in 2030.

The current value of goods and services tax on. Major players operating in india electric two wheeler market include hero electric okinawa autotech pvt. The electric two wheeler segment in india has had a successful financial year 2019 20. The indian market is primarily driven by the as large population and supportive government regulations.

Electric scooter segment is dominating the electric two wheeler market across the country and this trend is expected to continue over the course of next five years. According to datalabs by inc42 s electric vehicle market outlook report 2020 the market share of two wheelers in india is approximately 20 while three wheelers with 70 market share lead the way. The indian electric two wheeler market is predicted to grow at 44 0 cagr during the forecast period with its fleet size reaching 633 9 thousand units by 2024. Ltd tvs motor company limited and bajaj auto ltd among others.

Honda sells around three lakh scooters in a month largest in the segment with 56 per cent market share.