India Two-Wheeler Market 2028: Future Growth and Opportunities | Techsci Research

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India Two-Wheeler Market Forecast 2028
Projected Growth and Opportunities Techsci
Research
The Indian two-wheeler market is expected to grow
at a CAGR of 9.88 and reach USD 26,638.49
million by 2028, as per the TechSci Research
report titled "India Two-Wheeler Market-Industry
Size, Share, Trends, Competition, Opportunity
and Forecast, 2018-2028F". The report highlights
the low maintenance, better fuel efficiency, and
easy movement in congested areas as the key
drivers for the increasing demand for
two-wheelers in India. The shared mobility trend
is also contributing to the growth of the
two-wheeler segment as it offers a
cost-effective and fast mode of transportation
for daily commuting. The two-wheeler companies
have responded to the Indian pollution conditions
and government emission standards by enhancing
their technology and safety
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standards. Fuel injection and slippery clutch
technology have been introduced to improve the
performance, fuel efficiency, and functionality
of the vehicle. The availability of affordable
loans and pocket-friendly maintenance options is
also driving the adoption of two-wheelers in
India. The fast delivery commitment of
e-commerce and food giants is another factor
contributing to the growth of the
segment. Despite the introduction of electric
vehicles, the demand for two-wheelers continues
to rise due to their cost-effectiveness,
connectivity options, and performance dynamics.
The government's subsidies under FAME II and
state EV policies are expected to further
accelerate the adoption of electric two-
wheelers. The battery swapping policy introduced
by the government is also aimed at building the
necessary infrastructure for electric vehicles,
creating an optimistic outlook for the segment's
future demand. Browse more than 35 market data
Figures spread through 70 Pages and an in-depth
TOC on "India Two-Wheeler Market" -
https//www.techsciresearch.com/report/indian-two-
wheeler- market/13028.html The market can be
categorized based on vehicle type, transmission
type, propulsion type, region, and
company. Currently, the motorcycle segment holds
the majority of the Indian two- wheeler market
share due to their power, aesthetics, and better
wheel stability. However, the scooter/moped
segment is projected to grow at a CAGR of 10.39
in terms of value by 2028, driven by an increase
in the number of female drivers and storage
capacity. Manual transmission dominates the
overall Indian two-wheeler market, holding more
than 60 of the total market share, owing to many
emerging players with their advanced technology,
better fuel efficiency, fast, versatile, and
high overall performance. Internal combustion
engines hold more than 90 share based on
propulsion type due to the availability of raw
materials, infrastructure, and fewer substitutes
in this segment. The trend is likely to continue
during the forecast period as the adoption of
electric engines and their infrastructure will
take time to nurture in this segment. Region-wise,
the west has the highest presence of
two-wheelers due to heavy traffic, population,
and per capita income.
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• Some of the major players operating in the India
  Two Wheeler Market include
• Hero MotoCorp Limited
• Honda Motorcycle Scooter India Private Limited
• Yamaha Motor India Private Limited
• Eichers Motor Limited
• Bajaj Auto Limited
• TVS Motor Company
• Suzuki Motorcycle India, Private Limited
• Piaggio Vehicles Pvt. Ltd.
• Hero Electric Pvt. Ltd.
• Okinawa Autotech Pvt. Ltd.
• Download Sample Report
• Customers can also request for 10 free
  customization on this report.
• Many companies are investing in advanced
  technological research and development, which
  will introduce innovative and technologically
  advanced products that will not only increase
  the efficiency but also improve the overall
  functionality, "said Mr. Karan Chechi, Research
  Director with TechSci Research, a research-based
  global management consulting firm.
• India Two Wheeler Market by Vehicle Type
  (Motorcycles, Scooters), By Transmission Type
  (Manual, Automatic), By Propulsion (ICE,
  Electric), By Region, by top 10 states
  Competition Forecast Opportunities, 2018-
  2028F, 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 the
  India brakepad market.
• Download Sample Report- https//www.techsciresearc
  h.com/sample- report.aspx?cid13028

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