India Electric Scooters and Motorcycles Market by Product, Battery Type, Voltage, Technology, Growth, and Demand Forecast, 2013-2025


Posted January 21, 2019 by PuneetShah

The electric scooters and motorcycles market is primarily driven by strict emission norms and regulations, government incentives, and growing environmental awareness.
 
Increasing pollution awareness among people and increasing government support in the form of subsidies are the key factors driving the growth of the India Electric Scooters and Motorcycles Market.
Electric scooters and motorcycles use electric battery for propulsion and do not produce any emissions. Moreover, these electric two-wheelers are virtually silent and do not cause noise pollution. Electric two-wheelers can manoeuvre through congested streets; can be charged from traditional wall outlets and can have a removable battery.

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As per the findings of research, electric scooters occupied the larger share of the market, however, the share of electric motorcycles is expected to grow in future. India would follow tough emission norms Bharat Stage (BS)-VI, from the current BS-IV, by 2020, skipping the BS-V. Such policies or initiatives to curb pollution levels in the country promises a positive regulatory environment for electric two-wheelers industry in coming years.

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On the basis of battery type, lead acid battery powered electric scooters accounted for a majority share in India electric scooters and motorcycles market, owing to their cheaper price. However, the share of Lithium-ion powered electric scooters is expected to increase significantly by 2025 due to the declining prices of Lithium-ion batteries and its advantages over lead acid battery. On the basis of voltage, the 48V batteries are the most commonly used batteries in electric scooters in India.

Some of the key players in the Indian electric scooters and motorcycles market are Hero Electric Vehicles Pvt. Ltd., Electrotherm (India) Ltd., Avon Cycles Ltd., Ampere Vehicles Pvt. Ltd., and Lohia Auto Industries.
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Issued By PuneetShah
Country India
Categories Automotive , Business , Research
Tags electric scooters and motorcycles market in india , indian electric scooters and motorcycles market , indian electric scooters and motorcycles market analysis , indian electric scooters and motorcycles market demand , indian electric scooters and motorcycles market report , indian electric scooters and motorcycles market share , indian electric scooters and motorcycles market size
Last Updated January 21, 2019