India Electric Two-Wheeler Market by Vehicle Type, Voltage, Battery type and by Regions, Segments & Forecast – Forecast to 2025
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The India Electric Two-Wheeler market size is expected to grow at a CAGR 24.03% rate during the forecast period. The report “Market by Vehicle Type, Voltage, Battery type and by Regions, Segments & Forecast, and 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.
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The Indian market is primarily driven by the as large population and supportive government regulations. Different products including e-scooters and e-bikes are majorly contributing to the electrical two-wheeler market size in India. The market has witnessed significant demand for these products over the previous couple of years with the increasing per capita income, increasing awareness for curbing vehicular emissions and therefore the development of smart cities.
The constant efforts by the govt to scale back the gas emission are expected to fuel the demand for electric two-wheelers within the region during the forecast period. Efforts taken by the domestic manufacturers to style lighter and more energy efficient two-wheeler solutions for the consumers. Additionally, the growing concern for increasing carbon emissions, low maintenance cost of electrical two-wheelers, and favorable regulatory environment are expected to drive the adoption of green mobility vehicles and is predicted to make lucrative opportunities for the main players in electric two-wheelers.
The key players in the market Hero Electric Vehicles Pvt. Ltd., Okinawa Autotech Pvt. Ltd., Ather Energy, Spero Electric, Lohia Auto Industries, and Yadea Technology Group among others. Development of fast chargin, novel product development and aggressive marketing campaigning are some of the success factors in the industry.
Whipsmart Market research has segmented the market report on the basis of By Vehicle Type, Voltage and Battery Type and region
India Electric Two-Wheeler Vehicle Type Outlook (Revenue, USD Billion, 2019 – 2026)
- Electric bicycle
- Electric scooter
- Electric motorcycles
India Electric Two-Wheeler Voltage Outlook (Revenue, USD Billion, 2019 – 2026)
India Electric Two-Wheeler Battery Type Outlook (Revenue, USD Billion, 2019 – 2026)
- Sealed Lead Acid
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