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    India Electric Bicycles Market

    ID: MRFR/AM/52446-HCR
    200 Pages
    Sejal Akre
    September 2025

    India Electric Bicycles Market Research Report By Type (Pedal Assist/ Pedelecs, Power on Demand, Pedal Assist with Power on Demand), By Battery Type (Sealed Lead Acid, Li-Ion Battery) and By Motor Type (Hub Motor, Mid Drive Electric)- Forecast to 2035

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    India Electric Bicycles Market Summary

    The India Electric Bicycles market is projected to grow from 3.11 USD Billion in 2024 to 10.6 USD Billion by 2035.

    Key Market Trends & Highlights

    India Electric Bicycles Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate (CAGR) of 11.76% from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 10.6 USD Billion, indicating robust growth potential.
    • In 2024, the market is valued at 3.11 USD Billion, reflecting a growing interest in electric mobility solutions.
    • Growing adoption of electric bicycles due to increasing environmental awareness is a major market driver.

    Market Size & Forecast

    2024 Market Size 3.11 (USD Billion)
    2035 Market Size 10.6 (USD Billion)
    CAGR (2025-2035) 11.76%

    Major Players

    EMentors, Lohia Auto, Hero Cycles, Nexzu Mobility, Evolet India, Ampere Vehicles, Green Vehicles, Okinawa Autotech, Revolt Motors, Bajaj Auto, Ultraviolette Automotive, Ather Energy, Hero Electric, TVS Motor Company

    India Electric Bicycles Market Trends

    The India Electric Bicycles Market is experiencing significant growth driven by several market drivers. Rising urbanization and increased pollution levels in Indian cities are prompting consumers to seek eco-friendly transport solutions. Government initiatives aimed at promoting electric mobility, such as the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, are encouraging investments in electric bicycles. Additionally, the need for affordable and efficient last-mile connectivity is fostering the adoption of electric bicycles as a practical mode of transportation. 

    Opportunities abound in this market as there is a growing demand for innovative designs and advanced features in electric bicycles that cater to different consumer preferences.Manufacturers can explore partnerships with local artisans to create customized electric bicycles that resonate with the Indian culture and lifestyle. Furthermore, expanding product offerings to include variants suited for different terrains and purposes can capture a broader customer base. 

    Recent trends show an increasing acceptance of electric bicycles among various demographics, especially among young professionals and college students who prioritize convenience and sustainability. E-commerce sales channels are becoming a popular avenue for purchasing electric bicycles, enhancing accessibility for consumers. The rise of shared mobility solutions and bike-sharing platforms in urban areas is also contributing to the overall market growth.As awareness of environmental issues grows, consumers are actively seeking green alternatives, positioning electric bicycles as a suitable choice for sustainable transportation in India.


    Market Segment Insights

    India Electric Bicycles Market Segment Insights

    India Electric Bicycles Market Segment Insights

    Electric Bicycles Market Type Insights

    Electric Bicycles Market Type Insights

    The India Electric Bicycles Market reveals significant insights when focusing on the Type segment, which includes various categories such as Pedal Assist/ Pedelecs, Power on Demand, and Pedal Assist with Power on Demand. Pedal Assist, also known as Pedelecs, is gaining traction due to its user-friendly nature, as it allows cyclists to engage in physical activity while receiving assistance from the electric motor, making it appealing for both commuting and leisure riding.

    This has led to a steady increase in adoption among health-conscious individuals who wish to maintain an active lifestyle, especially in urban areas where navigating through traffic can be challenging.

    The Power on Demand option becomes essential in scenarios where users require immediate motor assistance without pedaling, particularly attractive for those who may be less physically able or who prefer a purely electric riding experience. This flexibility caters to a broader audience, enhancing accessibility and fostering a shift towards eco-friendly transport solutions. Furthermore, Pedal Assist with Power on Demand presents a hybrid approach, combining the health benefits associated with pedaling alongside the convenience of electric power when needed, thus catering to diverse user preferences and enhancing market appeal.

    As India continues to promote initiatives for sustainable transportation and reducing carbon footprints, the inclusion of these types in the Electric Bicycles Market plays a vital role in shaping consumer behavior and fostering a culture of eco-conscious commuting.

    Each type segment contributes uniquely to the overall trend of electric mobility adoption, influenced by factors such as rising fuel prices, increasing environmental awareness, and the government’s push for sustainable transport solutions, further solidifying their importance in driving the India Electric Bicycles Market forward.The combination of market growth driven by government support and individual user preference for flexibility and sustainability makes these electric bicycle types a dynamic and critical part of India’s transportation landscape.

    Electric Bicycles Market Battery Type Insights

    Electric Bicycles Market Battery Type Insights

    The Battery Type segment of the India Electric Bicycles Market plays a crucial role in determining the performance and efficiency of electric bicycles. Two primary categories dominate the landscape: Sealed Lead Acid (SLA) and Lithium-Ion (Li-Ion) batteries. SLA batteries, known for their affordability, continue to hold a significant share due to their established manufacturing processes and reliability. However, Li-Ion batteries are gaining attention for their superior energy density, lightweight nature, and longer life span, making them increasingly favored among consumers and manufacturers alike.

    The growing trend towards sustainable transportation solutions in India, driven by government initiatives and increasing urban congestion, is fueling demand for advanced battery technologies. India’s commitment to reducing carbon emissions further enhances the importance of these batteries in electric bicycles. As policymakers promote green mobility, both SLA and Li-Ion batteries will play vital roles; while SLA offers an economical alternative for entry-level models, Li-Ion batteries support the growth of high-performance e-bikes. Consequently, innovations and improvements in these battery technologies will significantly impact the overall growth dynamics and consumer preferences in the India Electric Bicycles Market.

    Electric Bicycles Market Motor Type Insights

    Electric Bicycles Market Motor Type Insights

    The Motor Type segment within the India Electric Bicycles Market plays a crucial role in defining performance characteristics and user experiences. This segment primarily includes Hub Motor and Mid Drive Electric motors, each catering to different consumer preferences and riding conditions. Hub motors, commonly situated in the wheel hub, provide a seamless ride, making them popular for urban commuting due to their simplicity and low maintenance requirements. On the other hand, Mid Drive Electric motors are favored for their superior torque and efficiency, particularly in hilly terrains, appealing to adventure cyclists and those requiring flexibility.

    The growth of the electric bicycle sector in India is driven by increasing environmental awareness and government initiatives promoting green transportation. As urbanization accelerates, the demand for electric bicycles continues to rise, thus influencing India Electric Bicycles Market statistics and segmentation trends. Furthermore, innovation in battery technology is enhancing the performance and range of both motor types, creating more opportunities in the market. Overall, the Motor Type segment is vital for the evolving landscape of electric mobility in India, where consumers are showing a significant shift towards eco-friendly alternatives.

    Get more detailed insights about India Electric Bicycles Market Research Report- Forecast To 2035

    Key Players and Competitive Insights

    The India Electric Bicycles Market has been experiencing significant growth due to evolving consumer preferences, urban congestion, and an increasing focus on sustainable transportation solutions. As the market expands, several key competitors are vying for a share of this emerging sector. The competitive landscape involves not only traditional bicycle manufacturers but also automotive companies that are entering the market with innovative electric bicycle offerings. Strategic initiatives such as product diversification, technological innovations, and collaborations for enhanced distribution networks are becoming common strategies among these companies.

    The rise in governmental policies promoting electric vehicles is further amplifying this competitive dynamic, inviting both established players and new entrants to innovate and solidify their market positions. 

    EMentors has established a prominent presence in the India Electric Bicycles Market, leveraging its strong brand identity and commitment to quality. The company has effectively utilized its technological expertise to develop electric bicycles that cater to various segments of the market, from personal commuter models to cargo solutions. Its strengths lie in its robust research and development capabilities, leading to advancements in battery technology and motor efficiency, which ultimately enhance the consumer driving experience. EMentors consistently focuses on sustainability by offering eco-friendly products, thereby resonating with the environmentally conscious consumer base.

    Additionally, its strategic partnerships for distribution and service networks have amplified its reach across urban and rural areas alike, ensuring that its electric bicycles are accessible to a broader audience.

    Lohia Auto has made significant inroads into the India Electric Bicycles Market with its innovative range of electric two-wheelers designed for both utility and leisure purposes. The company is known for its commitment to quality and engineering excellence, and it focuses on blending aesthetic appeal with functionality in its product designs. Lohia Auto's electric bicycles cater to varied customer needs, including personal use and commercial applications. The company's strengths are reflected in its expansive distribution network and efficient supply chain management, which enhances its product availability throughout India. 

    Furthermore, Lohia Auto has been proactive in forming strategic alliances and exploring potential mergers and acquisitions to strengthen its market position. Through these endeavors, it continuously seeks to integrate cutting-edge technology into its offerings while maintaining a strong emphasis on affordability and reliability, thereby solidifying its standing in the competitive landscape of electric bicycles in India.

    Key Companies in the India Electric Bicycles Market market include

    Industry Developments

    The India Electric Bicycles Market has experienced significant growth, with several recent developments highlighting its dynamic nature. In September 2023, Hero Electric announced plans to expand its product line, aiming to capture a larger share of the market amid rising demand for eco-friendly transport solutions. Additionally, in August 2023, the Indian government reiterated its commitment to promoting electric mobility, emphasizing subsidies and incentives for manufacturers like Ather Energy and Bajaj Auto to bolster local production. 

    Merger and acquisition activity has been relatively limited in this sector; however, in July 2023, Ampere Vehicles acquired a smaller electric bicycle startup to enhance its technological capabilities. This reflects a broader trend of consolidation in the market as companies strive for innovation. In terms of market valuation, the sector is projected to reach significant milestones with a compound annual growth rate of over 15% from 2023 to 2026, highlighting the increasing transition towards electric mobility.

    In the past two to three years, investments have surged, with Lohia Auto and Nexzu Mobility launching new electric bicycle models that cater to a growing eco-conscious consumer base in the urban areas of India.

    Market Segmentation

    Electric Bicycles Market Type Outlook

    • Pedal Assist/ Pedelecs
    • Power on Demand
    • Pedal Assist with Power on Demand

    Electric Bicycles Market Motor Type Outlook

    • Hub Motor
    • Mid Drive Electric

    Electric Bicycles Market Battery Type Outlook

    • Sealed Lead Acid
    • Li-Ion Battery

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 3.11(USD Billion)
    MARKET SIZE 2024 3.84(USD Billion)
    MARKET SIZE 2035 10.57(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 9.642% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED EMentors, Lohia Auto, Hero Cycles, Nexzu Mobility, Evolet India, Ampere Vehicles, Green Vehicles, Okinawa Autotech, Revolt Motors, Bajaj Auto, Ultraviolette Automotive, Ather Energy, Hero Electric, TVS Motor Company
    SEGMENTS COVERED Type, Battery Type, Motor Type
    KEY MARKET OPPORTUNITIES Urban congestion solutions, Government subsidies promotion, Rising environmental awareness, E-commerce delivery services, Growing health-conscious consumer base
    KEY MARKET DYNAMICS Growing urban congestion, Increasing environmental awareness, Government subsidies and incentives, Rising fuel prices, Advancements in battery technology
    COUNTRIES COVERED India

    FAQs

    What is the expected market value of the India Electric Bicycles Market in 2024?

    The India Electric Bicycles Market is expected to be valued at 3.84 USD billion in 2024.

    What will the market value of the India Electric Bicycles Market be in 2035?

    By 2035, the India Electric Bicycles Market is projected to reach a value of 10.57 USD billion.

    What is the expected compound annual growth rate (CAGR) for the India Electric Bicycles Market from 2025 to 2035?

    The expected CAGR for the India Electric Bicycles Market from 2025 to 2035 is 9.642%.

    Which type in the India Electric Bicycles Market is valued the highest in 2024?

    In 2024, the Pedal Assist/ Pedelecs type is valued at 1.44 USD billion, making it the highest valued type.

    What is the market value for Power on Demand electric bicycles in 2035?

    The market value for Power on Demand electric bicycles is expected to be 3.25 USD billion in 2035.

    Who are the major players in the India Electric Bicycles Market?

    Some of the major players include Hero Cycles, EMentors, Lohia Auto, and Ather Energy among others.

    What challenges are currently facing the India Electric Bicycles Market?

    Challenges in the India Electric Bicycles Market include infrastructure limitations and competition from traditional bicycles.

    Which segment is projected to grow faster in the forecast period from 2025 to 2035?

    The Pedal Assist with Power on Demand segment is expected to show significant growth during the forecast period.

    What is the total market value of the India Electric Bicycles Market across different types in 2024?

    The total market value across different types in 2024 is approximately 3.84 USD billion.

    How does the market for electric bicycles in India compare to other regions?

    The India Electric Bicycles Market is poised for rapid growth compared to many global markets, driven by local initiatives and demand.

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