The Market Size was valued at USD 710.0 million in 2022. India Electric Scooter Market industry is projected to grow from USD 950.40 million in 2023 to USD 13,089.0 million by 2032, exhibiting a compound annual growth rate (CAGR) of 33.25% during the forecast period (2024 - 2032).
The India electric scooter market has experienced significant growth in recent years, becoming a significant segment within the broader automotive industry. This growth can be attributed to several factors, including increasing environmental concerns, cost-effectiveness, government incentives, and a diverse range of available models. Rising awareness and concerns about environmental sustainability have led consumers and policymakers to seek cleaner alternatives to traditional gasoline-powered vehicles. Electric scooters, with their zero-emission nature, are seen as a viable solution to reduce air pollution and carbon emissions. Additionally, rising fuel prices have encouraged people to explore more cost-effective transportation options.
Electric scooters offer a favorable cost-per-kilometer compared to conventional scooters, as they are powered by electricity which is generally cheaper than gasoline. Government initiatives and incentives have also played a pivotal role in the growth of the electric scooter market in India. The Indian government has introduced subsidies, tax benefits, and incentives to promote the adoption of electric vehicles, including scooters. Furthermore, the availability of a diverse range of electric scooter models with varying features, designs, and price points has broadened the appeal to a wider consumer base.
Figure 1: India Electric Scooter Market Size 2019-2032 (Usd Million)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The market for electric scooters is growing rapidly, as consumers are increasingly looking for cleaner and more sustainable transportation options. Electric scooters are powered by electricity, which produces zero emissions, making them a much more environmentally friendly choice than gasoline-powered vehicles. They are also relatively inexpensive to operate, making them a good option for budget-conscious consumers. In addition, electric scooters are relatively easy to park and maneuver, making them ideal for use in urban areas. The rapid adoption of electric scooters is a positive trend for the environment and for urban transportation. Electric scooters offer a clean, convenient, and affordable way to get around, and they are becoming increasingly popular with consumers.
Electric scooters are gaining popularity as a convenient solution for urban mobility challenges. With increasing traffic congestion and limited parking spaces in cities, electric scooters offer a compact and efficient mode of transport for short commutes. They are also a more environmentally friendly option than cars, as they produce zero emissions. The use of electric scooters for urban mobility is a growing trend, and it is likely to continue to grow in the future. Electric scooters offer several benefits for both individuals and cities, and they are a viable alternative to cars for short commutes.
The Market, in this report, has been segmented based on Battery Type into Lead Acid, Li-ion., and Nickel Metal Hydride Batteries (NiMH).
The segment- Li-ion Battery holds 72.47% share of the total market share.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Li-ion batteries offer several advantages that make them an attractive choice for E-scooter manufacturers and consumers alike. First and foremost, Li-ion batteries provide a higher energy density compared to other battery types, enabling E-scooters to cover longer distances on a single charge. Additionally, Li-ion batteries have a relatively lower self-discharge rate, ensuring that the stored energy remains viable even after periods of inactivity. They also boast a longer lifespan compared to traditional lead-acid batteries, reducing the need for frequent replacements. The compact size and lightweight nature of Li-ion batteries align well with the compact design of E-scooters, ensuring optimal utilization of space and contributing to overall vehicle efficiency.
The Market in this report, has been segmented based on Voltage Type into 48-59V, 60-72V, 73-96V, Above 96V.
The 60-72V segment is expected to grow at the fastest rate during the forecast period. With rising environmental concerns, demand for electric mobility is escalating. This segment strikes a balance between performance and range, appealing to urban commuters and those covering longer distances. Technological advancements in batteries and power electronics have made higher voltage systems more efficient, while government incentives and improved charging infrastructure are bolstering adoption. As consumers seek better performance, extended range, and reduced emissions, electric scooters in the 60-72V range emerge as a promising solution. This, coupled with competitive innovation and a broader shift toward sustainability, positions the segment for substantial expansion in the forecast period.
India Electric Scooter Market in this report has been segmented based on Drive Type into Belt Drive, Hub Motor.
The hub drive motor type segment holds largest of the total market share.
This is owing to its advantages over chain and belt drives, such as more efficient power transmission, quieter operations, and lower maintenance requirements. The growing popularity of e-scooters in India is also driving the demand for hub drive motors. The Indian government has been promoting the use of electric vehicles in recent years, and this has led to a surge in demand for e-scooters. Some of the major players in the Indian e-scooter market that offer hub drive motors include Hero Electric, Ather Energy, Ola Electric, and Okinawa Autotech. These companies are constantly innovating and improving their products, and they are expected to continue to dominate the market in the coming years.
The India Electric Scooter Market, in this report, has been segmented based on End Use into Private and Commercial Fleets.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The private segment holds 70.65% share in the market.
The growth is driven by the increasing demand for energy-efficient commutes, favorable government policies, rising demand for zero-emission vehicles, and increasing fuel prices, which have compelled two-wheeler manufacturers to explore alternative power sources for their two-wheeled models. The private segment is suitable for urban commuting, cost savings, environmental concerns, government incentives, and increasing awareness, and is supported by improving charging infrastructure, diverse model offerings, and reduced noise pollution. Electric scooters have gained traction as a convenient, eco-friendly, and economically viable option for individuals seeking sustainable transportation solutions in urban areas.
The India Electric Scooter Market, in this report, has been segmented based on Range into Up to 50 km, 50-100 km, above 100 km.
The 50-100 km segment holds the largest share of the total market share.
The dominance of the 50-100 km range segment in India's e-scooter market is driven by several key factors. This range strikes a balance between adequate daily commuting distances and affordability, catering to the country's price-sensitive market. With growing environmental concerns and government incentives, e-scooters in this range offer a practical solution for short to medium urban commutes, aiding in reducing emissions and traffic congestion. The existing charging infrastructure aligns well with this range, enabling convenient recharging at home or various points. Manufacturers have capitalized on this demand, leading to a diverse range of options. Moreover, consumer preferences, accustomed to shorter commutes, further boost the popularity of this segment. While market dynamics may evolve, the 50-100 km range presently meets the needs of many Indian consumers and showcases the evolving landscape of sustainable transportation.
The India Electric Scooter Market, in this report, has been segmented based on Range into premium, and budget.
The budget segment holds the prominent share of the total market share.
Budget E-scooters witness higher sales than e-motorcycles due to their more affordable prices. This makes them a popular choice for budget-conscious consumers. The market offers a wide range of budget-friendly e-scooters, providing ample options for buyers. This variety contributes to the growth of the budget scooter segment. The combination of lower upfront costs, availability of more models, rising petrol prices, and government support has led to the growth of the budget scooter market in the Market.
The Indian electric scooter market is a dynamic and rapidly evolving industry, characterized by a mix of established players and emerging companies that provide various electric scooter components and solutions. The market's competitiveness stems from factors such as technological innovation, cost-effectiveness, regulatory compliance, and the ability to cater to diverse customer needs. As the Indian government emphasizes the adoption of electric mobility to reduce emissions and enhance sustainability, companies in the electric scooter market are compelled to develop cutting-edge technologies and solutions to meet these goals.
In the rapidly evolving landscape of the market, several key market players such as Hero Electric, Ather Energy, Okinawa Autotech, Bajaj Auto, and TVS Motor Company among others, have emerged, each contributing to the growth and development of the industry. These players are competing on several factors, including price, performance, features, and after-sales service. The market is also seeing the entry of new players, such as Ola Electric, which is expected to disrupt the market with its aggressive pricing and innovative products. The Indian electric scooter market is expected to continue to grow in the coming years, driven by the factors mentioned above. The market is also expected to see the development of new technologies, such as swappable batteries and connected scooters.
In August 2023, TVS launched its X electric crossover scooter in India at an introductory price of Rs. 2.50 lakh. TVS X is a high-end electric scooter with advanced digital and interconnected features. The electric scooter is powered by a 4.4kWh battery pack that has an IDC-claimed range of 140 km.
In July 2023, Ather 450X electric scooter became available with 100% on-road financing, with no down payment required. This move is aimed at making the Ather 450X more accessible to potential buyers and to drive up EV sales in India.
In June 2023, TVS Motor Company announced a strategic partnership with food-delivery platform Zomato to accelerate eco-friendly transportation for short-distance deliveries. As part of this partnership, TVS Motor will deploy over 10,000 electric scooters over a course of two years, powered by its iQube electric scooter.
In February 2023, Indian electric scooter manufacturer Ola Electric Mobility Pvt. plans to build the world's largest electric vehicle hub in the southern Indian state of Tamil Nadu with an investment of $920 million to localize the supply chain for cleaner transport.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 710.15 Million |
| Market Size 2023 | USD 950.40 Million |
| Market Size 2032 | USD 13,089.0 Million |
| Compound Annual Growth Rate (CAGR) | 33.25% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019- 2022 |
| Market Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Battery Type, Voltage Type, Drive Type, End-use, Range, scooter category. |
| Key Companies Profiled | Hero Electric Vehicles Pvt Ltd, Electrotherm Ltd Avon Cycles Ltd., Benling India Energy and Technology Pvt Ltd., Okinawa Autotech Pvt. Ltd., TVS Motor Co. Ltd., Bajaj Auto Ltd., Ather Energy Pvt. Ltd., Greaves Electric Mobility Private Limited (Ampere Vehicles Pte. Ltd.), Ola Electric Technologies Pvt LTD., and others. |
| Key Market Opportunities | ·      Collaborations and partnerships to enhance product offerings. ·      Opportunity 2 |
| Key Market Dynamics | ·      Increase in production and sales of vehicles. ·      Driver 2 ·      Driver 3 |
Frequently Asked Questions (FAQ) :
The India Electric Scooter Market was valued at USD 710.15 Million in 2022.
The market is projected to grow at a CAGR of 33.25% during the forecast period, 2024-2032.
The key players in the market are Hero Electric Vehicles Pvt Ltd, Electrotherm Ltd, Avo Cycles Ltd., Benling India Energy and Technology Pvt Ltd., Okinawa Autotech Pvt. Ltd., TVS Motor Co. Ltd., Bajaj Auto Ltd., Ather Energy Pvt. Ltd., Greaves Electric Mobility Private Limited (Ampere Vehicles Pte. Ltd.), Ola Electric Technologies Pvt LTD., and others.
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Team Lead - Research With a technical background as bachelor's in mechanical engineering, with mba in operations management , swapnil has 6+ years of experience in market research, consulting and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the automotive/a&d domain. swapnil has worked on major projects in verticals such as aerospace & defense, automotive and many other domain projects. he has worked on projects for fortune 500 companies' syndicate and consulting projects along with several government projects.
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