As per MRFR analysis, the India Electric Motorcycle Market Size was estimated at 1.05 (USD Billion) in 2023. The India Electric Motorcycle Market Industry is expected to grow from 1.12 (USD Billion) in 2024 to 4.1 (USD Billion) by 2035. The India Electric Motorcycle Market CAGR (growth rate) is expected to be around 12.481% during the forecast period (2025 - 2035).
The India Electric Motorcycle Market is experiencing significant growth driven by a combination of trends and emerging opportunities. One of the key market drivers is the increasing emphasis on reducing air pollution and carbon emissions. The Indian government has prioritized electric mobility as part of its National Electric Mobility Mission Plan, incentivizing manufacturers and consumers alike.
As cities grapple with pollution concerns, electric motorcycles present a cleaner alternative, making them appealing in urban areas. Moreover, rising fuel prices and the need for cost-effective transportation are further accelerating the shift toward electric motorcycles, as they offer lower operating costs compared to traditional fuel-based vehicles.
Opportunities are emerging for manufacturers to explore advancements in battery technology and charging infrastructure. The Indian government is encouraging investments in electric vehicle infrastructure, which directly impacts the electric motorcycle market. With initiatives like Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME), companies can capture the growing demand for electric motorcycles driven by a younger generation that values sustainability.
Moreover, the increasing affordability of electric motorcycles, supported by favorable government subsidies, creates a wider market for consumers. Recent times have seen a surge in consumer interest in electric vehicles, with social media and increased awareness contributing to this shift.
Innovations in design and performance features are also playing a pivotal role in attracting customers, as several startups and established manufacturers launch new electric motorcycle models. Furthermore, partnerships between electric vehicle makers and technology firms are leading to the development of smart features in motorcycles, enhancing their appeal. Collectively, these elements shape the evolving landscape of the India Electric Motorcycle Market, highlighting a dynamic shift towards sustainable transportation solutions.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Air pollution-related environmental issues are growing in importance in India. Public health issues resulted from Delhi, the nation's capital, having some of the worst air quality levels in the world, according to reports. In response, the Indian government has put strict laws into place and launched programs like FAME India, which stands for Faster Adoption and Manufacturing of (Hybrid) Electric Vehicles in India. This program encourages the adoption of electric vehicles by providing financial incentives to both manufacturers and customers.
About 17,000 electric two-wheelers were rewarded under the FAME India program alone in the first year, according to a report by the Ministry of Heavy Industries and Public Enterprises. The program intends to drastically cut carbon emissions by promoting the switch to electric motorcycles, which should have a positive impact on the India electric motorbike market.
Advancements in battery technology are a crucial driver for the India Electric Motorcycle Market Industry. The Indian government is actively investing in Research and Development (R) for lithium-ion batteries, which are essential for improving the efficiency of electric motorcycles. According to a statement from the Department of Science and Technology, India plans to set up five battery manufacturing plants as part of its initiative to boost local production.
This development could reduce battery costs by over 30% and improve range and performance, making electric motorcycles more appealing to consumers. A more accessible and affordable battery technology would attract a larger customer base, thereby substantially promoting growth in the India Electric Motorcycle Market.
The rising fuel prices in India have made a compelling case for transitioning to electric motorcycles. Fuel prices in India saw a consistent increase, with petrol prices reaching an all-time high of around 110 INR per liter in certain states. This has prompted consumers to seek cost-effective alternatives, and electric motorcycles represent a viable solution. The average cost to operate an electric motorcycle can be substantially lower than traditional gasoline models; with estimates suggesting consumers can save up to 70% in fuel costs with electric alternatives.
This considerable savings potential, combined with increasing fuel prices, is expected to drive awareness and demand within the India Electric Motorcycle Market Industry.
The India Electric Motorcycle Market presents a diverse landscape, particularly in the Range segment, where it is crucial to understand consumer preferences based on distance requirements. As interested consumers gravitate towards electric motorcycles for their eco-friendliness and low operating costs, the Range segment caters specifically to varying needs. The demographics of urban commuters heavily influence the market; shorter-range motorcycles, typically categorized as Below 75 Miles, appeal to city dwellers whose daily commutes often fall within this limitation. This category often finds popularity among first-time buyers who seek cost-effective and practical transportation solutions, especially in densely populated areas where charging infrastructure is gradually improving.
In contrast, the 75-100 Miles segment serves a mixed audience, including both casual riders and some daily commuters who may require slightly more range for longer commutes. This sub-segment’s appeal is bolstered by advancements in battery technology, which are continuously enhancing the performance and reliability of electric motorcycles. Consumers in this category may prioritize features like faster charging times and regenerative braking systems, which provide both versatility and greater range stability, catering to individuals who do not wish to compromise on performance.
Moreover, the Above 100 Miles range showcases higher performance and premium electric motorcycles, targeting enthusiasts and professionals looking for more than just basic functionality. This segment benefits from a growing trend of distance travel and adventure riding, drawing attention from consumers looking for eco-friendly options that do not shy away from long trips. The emphasis on battery efficiency and high-capacity charging solutions enhances the viability of this category, making it an attractive choice for those desiring both reliability and resilience.
Additionally, government initiatives supporting electric mobility across India further catalyze the adoption of various range options, facilitating a comprehensive framework for consumers considering electric motorcycle investment. The Indian government's push towards electric vehicles positions the electric motorcycle industry for potential exponential growth, with various policies aiming at enhancing the related infrastructure, hence driving development in every range a consumer might seek. These initiatives not only give a significant boost to the Above 100 Miles segment due to increased adventure tourism but also uplift the Below 75 Miles category as logistics and urban mobility solutions.
In conclusion, the Range segment indicates the multifaceted nature of electric motorcycle adoption in India. With an emphasis on consumer requirements mapped across various distances, all segments possess unique characteristics that contribute to the dynamic landscape of the electric motorcycle market. Each range distinctively appeals to specific consumer preferences, combined with governmental support and technological advancements, facilitating growth across the India Electric Motorcycle Market as it continues to evolve and adapt to emerging market trends.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The India Electric Motorcycle Market, particularly within the Battery Type segment, presents a dynamic landscape as innovations continue to shape consumer preferences and industry standards. Li-ion batteries have emerged as a dominant force in this market owing to their high energy density and lightweight characteristics, making them particularly suitable for electric motorcycles that demand efficiency and performance. Lead Acid batteries, despite their traditional role in the market, face growing competition from advanced alternatives, but they still find application due to their lower initial cost.
Nickel Metal Hydride batteries, while less common, offer a hybrid solution that appeals to specific customer bases interested in eco-friendly options. The growth of the Electric Motorcycle Market in India can be largely attributed to government initiatives aimed at promoting clean energy transportation and the increasing consumer shift towards sustainable mobility solutions. Furthermore, the rise in fuel prices and urban congestion presents substantial opportunities for electric motorcycles powered by these battery types, emphasizing their significance in meeting both environmental goals and consumer demands in this evolving industry.
As the market adapts, each battery type's distinct advantages and attributes continue to drive growth and innovation within the sector.
The India Electric Motorcycle Market exhibits diverse opportunities across its voltage segmentation, catering to varying consumer needs and preferences. The Below 24 Volt category often attracts entry-level motorcycles, appealing to first-time buyers looking for affordability and urban commuting solutions. The 24-48 Volt segment caters to a growing demographic interested in practicality and efficiency for short-distance travel, striking a balance between performance and range. Meanwhile, the 48-60 Volt range is popular among urban commuters needing reliable performance with greater power capabilities, making it suitable for a range of uses from daily commuting to leisure rides.
Finally, the Above 60 Volt segment is characterized by higher-performance electric motorcycles that cater to enthusiasts and those seeking advanced features and long-range capabilities. Each voltage category plays a significant role in shaping consumer adoption and market growth, reflecting the diverse requirements and preferences within India's burgeoning electric motorcycle industry. The increasing focus on sustainability, coupled with government initiatives aimed at promoting electric mobility, presents substantial growth opportunities across all voltage segments, contributing to the overall industry dynamics.
The India Electric Motorcycle Market has been experiencing significant growth due to the increasing demand for sustainable transportation solutions and government initiatives aimed at promoting electric vehicles. With a rising awareness of environmental issues, consumers are more inclined toward adopting electric motorcycles as a viable alternative to conventional fossil-fuel vehicles. This segment of the automotive market is characterized by intense competition among various manufacturers, each vying to capture market share through innovative technology, design, and pricing strategies.
Key players are continuously investing in research and development to enhance battery technology, increase range, and reduce charging time, which are critical factors influencing consumer choices. In addition to tackling infrastructural challenges, companies are also focusing on expanding their dealership networks to improve accessibility for potential buyers, driving the growth of electric motorcycles in India.
Tork Motors has carved a niche for itself within the India Electric Motorcycle Market with its focus on performance and innovation. The company stands out by providing high-performance electric motorcycles that cater to the needs of the urban commuting population while also appealing to enthusiasts. Tork Motors has developed a robust brand presence within the country, primarily due to its commitment to technology and engineering excellence. The company's strengths lie in its well-established RD capabilities, which enable it to develop cutting-edge solutions like advanced battery systems and efficient motor designs.
Tork Motors’ emphasis on the unique selling proposition of sporty design coupled with functional utility sets it apart from many competitors. Its strategic alliances with local suppliers and manufacturers further bolster its position in the market, enhancing operational efficiencies and cost management, which are increasingly important in the competitive landscape.
Simple Energy presents itself as a promising player in the India Electric Motorcycle Market, focusing on the development of technologically advanced electric motorcycles designed specifically for the Indian consumer base. The company's flagship products aim to address the need for reliable performance and affordability, ensuring a wider appeal among first-time electric vehicle buyers. Simple Energy has made notable strides in establishing its market presence through targeted marketing initiatives and collaborations with local distribution networks, enhancing consumer accessibility and brand visibility.
The company's strengths encompass not only innovative product offerings but also a keen understanding of consumer preferences and behavior in India. Simple Energy has been proactive in creating strategic partnerships and has explored opportunities for mergers and acquisitions to bolster its development capabilities, further solidifying its position in a competitive market. The company's focus on sustainability and customer-centric designs strengthens its appeal as a leading brand in India’s evolving electric motorcycle landscape.
The India Electric Motorcycle Market is witnessing significant developments as various companies strive for innovation and expansion. Tork Motors recently launched its electric motorcycle aiming to enhance the eco-friendly transport segment further. Simple Energy is also gaining traction with its innovative designs, contributing to increased competition in the market. In August 2023, TVS Motors announced plans to expand its portfolio in electric vehicles, focusing on high-performance models, while Hero Electric and Bajaj Auto are pushing for further advancements in battery technology and charging infrastructure.
Additionally, Ampere Vehicles is working on new models to cater to urban demand. In terms of mergers and acquisitions, Ultraviolette Automotive, in September 2023, successfully secured a strategic investment from a prominent venture capital firm, amplifying its production capacity. Furthermore, the market has been on a growth trajectory, driven by government incentives and increasing environmental awareness among consumers. The market value for electric motorcycles in India has been bolstered by the growing interest in eco-friendly transportation solutions over the last few years, with major investments leading to innovations across companies like Ather Energy and Revolt Motors.
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 1.05 (USD Billion) |
| MARKET SIZE 2024 | 1.12 (USD Billion) |
| MARKET SIZE 2035 | 4.1 (USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 12.481% (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 | Tork Motors, Simple Energy, Greta Electric, Chetak Technologies, TVS Motors, Ultraviolette Automotive, Hero Electric, Ampere Vehicles, Energica Motor Company, Yulu Bikes, Ather Energy, Revolt Motors, Bajaj Auto, Okinawa Autotech |
| SEGMENTS COVERED | Range, Battery Type, Voltage |
| KEY MARKET OPPORTUNITIES | Government incentives for EV adoption, Growing urban congestion and pollution concerns, Rising fuel prices driving electric shift, Expanding charging infrastructure network, Increasing consumer awareness and demand for eco-friendly vehicles |
| KEY MARKET DYNAMICS | Government incentives and subsidies, Rising fuel prices, Growing environmental awareness, Improving battery technology, Increasing urban congestion |
| COUNTRIES COVERED | India |
Frequently Asked Questions (FAQ) :
The India Electric Motorcycle Market is expected to be valued at 1.12 billion USD in 2024.
The market is projected to grow to 4.1 billion USD by the year 2035.
The expected CAGR for the market from 2025 to 2035 is 12.481%.
In 2024, the '75-100 Miles' range segment holds a significant market share, valued at 0.45 billion USD.
By 2035, the 'Below 75 Miles' segment is expected to be valued at 1.25 billion USD.
Major players include Tork Motors, Simple Energy, Greta Electric, and TVS Motors, among others.
The 'Above 100 Miles' segment is expected to grow from 0.32 billion USD in 2024 to 1.1 billion USD in 2035.
Technological advancements, rising fuel prices, and increased environmental awareness are driving market growth.
The current global scenario may affect supply chains and consumer demand, posing challenges and opportunities.
The '75-100 Miles' segment is projected to reach a market size of 1.65 billion USD by 2035.
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