India Electric Scooter and Motorcycle Market Market In-depth Analysis of the Industry with Future Estimations | P&S Intelligence

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Indian Electric Scooter and Motorcycle Market
Dynamics Trends, Segmentation, Key Players and
Forecast
Due to the rising sales of electric scooters and
motorcycles in the country, the Indian electric
scooter and motorcycle market is predicted to
attain a revenue of 1,043.4 million in 2025. The
sales of electric two-wheelers are rising rapidly
in India because of the increasing environmental
concerns, implementation of strict emission
regulations, increasing government support for
automobile electrification, and the provision of
various financial incentives by both central and
state governments on the purchase of electric
vehicles in the country. Because of these
factors, 1,080.5 thousand units of electric
motorcycles and scooters will be sold in the
country by the end of 2025. Moreover, the sales
volume of these vehicles will grow at a CAGR of
57.9 between 2020 and 2025.
PRESCIENT STRATEGIC
2025 INTELLIGENCE
Uttar Pradesh
WHere hnovteOg .moire ftrneg
1,080.5
Thousand
Largest Market By Region (2019)
2019 Units
Thousand
India Electric Scooter and Motorcycle Market
Market Drivers
Market Players
Hero Electric Vehicles Pvl Ltd. Bectrotherm
(India) Ltd. Avon Cycles Ltd. LOHIA AUTO
INDUSTRIES Okinawa Autotech Pvl Ltd. TVS
Motor Co. Ltd. TWENTY TWO MOTORS PVT. LTD. (22
KYMCO) Bajaj Auto Ltd. Ather Energy PvL Ltd.
Ampere Whides Pvl Ltd. (Greaves Cotton Ltd.)
Tunwal E-Whide India Pvl Ltd. Major Start-Ups
in Bectric Two-Wheeler Space
Stringint emission norms
Rising environmental
CAGR 57.9 (2020-2025)
Falling Li-Ion battery price
The COVID-19 pandemic has caused a significant
slowdown of the Indian electric scooter and
motorcycle market. The nationwide lockdown
announced by the Indian government for
controlling the spread of the virus has massively
hampered the sales of two-wheelers in the
country. While the government is expected to
provide tax deferrals and financial support in the
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near future, it is speculated that in the long
run, the government will focus more on other
pressing economic and social issues. The
International Monetary Fund (IMF) has announced
that a 'deep recession' would soon follow, with
markets already cashing over 30 across the
globe. These factors are massively affecting the
flow of investments, which are extremely crucial
in this capital-intensive industry. Request to
Get the Sample Report_at_ https//www.psmarketresearc
h.com/market-analysis/india-electric-scooter- and-
motorcvcle-market/report-sample The Indian
electric scooter and motorcycle market is
advancing rapidly in Karnataka and Delhi. This is
because of the growing demand for two-wheeler
mobility services by migrants, the rising
government support, the soaring environmental
concerns being raised in the states, and the
increasing public preference toward eco-friendly
modes of transportation such as electric
motorcycles and scooters over the conventionally
used fuel-powered vehicles. Tamil Nadu and Uttar
Pradesh are predicted to be the two largest
markets for electric two-wheelers in India by
2025. The Indian electric scooter and motorcycle
market players are increasing focusing on product
launches for availing the benefits of the FAME-II
(Faster Adoption and Manufacturing of (Hybrid )
Electric Vehicles in India) scheme. According to
the eligibility criteria under the scheme,
electric scooters must have a minimum top speed
of 40 kmph and minimum range of 80 km per
charge. Hero Electric Vehicles Pvt. Ltd.,Tunwal
E-Vehicle India Pvt. Ltd., Ampere Vehicles Pvt.
Ltd. (Greaves Cotton Ltd.),Ather Energy Pvt.
Ltd.,Bajaj Auto Ltd.,TWENTY TWO MOTORS PVT. LTD.
(22 KYMCO),TVS Motor Co. Ltd.,Okinawa Autotech
Pvt. Ltd.,LOHIA AUTO INDUSTRIES,Avon Cycles Ltd.,
and Electrotherm (India) Ltd. are some of the
prominent Indian electric scooter and motorcycle
market players.