India Electric two-wheeler market is estimated to grow at a considerable CAGR during the forecast period. The increasing government initiatives and subsidies along with increasing urbanization is the key factor to propel the growth of the electric-two wheelers market in India. In 2018, the Indian government had confirmed subsidies related to all types of electric vehicles. In 2015, the government of India had adopted the faster adoption and manufacturing of hybrid and EV (FAME) scheme with an outlay of $130 million, to provide subsidies for electric 2- and 3-wheelers, hybrid and e-cars, and buses. The adoption of such a scheme by the Indian government is anticipated to promote the adoption of electric two-wheelers in the country. However, the comparatively poor performance of electric vehicles for Indian roads in comparison to conventional fuel operated vehicles is a major factor that may hinder the growth of the Indian electric two-wheelers market.
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Hero Electric Vehicles Pvt. Ltd., Lohia Auto Industries, and Ather Energy, among others, are some of the key players operating in the Indian electric two-wheelers market. The key players operating in the Indian two-wheeler industry are making huge investments for expansion of their production capacity to cater to the rising demand of the electric two-wheeler. For instance, in February 2018, Hero Electric announced to invest $109 million for its capacity expansion in the coming three to four years.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
India Two-Wheeler Market Report Segment
By Product Type
- Scooter
- Motorcycle
By Battery Type
- NiMH
- Li-ion
- Others
The Report Covers
- Comprehensive research methodology of India Electric Two-Wheeler market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting India Electric Two-Wheeler market.
- Insights about market determinants which are stimulating the India Electric Two-Wheeler market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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