Insight
Leading the way in vehicle electrification: India’s electric two-wheeler outlook
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
India’s two-wheeler market currently faces a challenge of slower growth prospect as household ownership is expected to reach maturity in two years. But guided by the goals to reduce emission and improve air quality, there is a strong growth prospect for the electric two-wheeler as the current fleet primarily consumes gasoline and government schemes are heavily subsidising electric two-wheeler over other vehicle categories. Despite slower growth in the overall two-wheeler market, we expect electric two-wheeler sales to increase out to 2050 and lead the race of vehicle electrification in India. - What does the current two-wheeler market in India look like? - How is the government supporting e-mobility in India? - How are automakers responding to the Indian market? - How will the future of two-wheelers play out?
Table of contents
-
What does the current two-wheeler market in India look like?
- How is the government supporting e-mobility?
- How are automakers responding to the Indian market?
- How will the future of two-wheelers play out?
- Present-2030 – two-wheeler sales begin to decline; gasoline demand rises
- 2030-2040 – acceleration of car ownership in full force
- Beyond 2040 – electric two-wheelers rise to dominance
- Conclusion
Tables and charts
This report includes the following images and tables:
-
Number of registered two-wheelers by fiscal yearVehicle ownership per householdRetail fuel prices in Delhi, April 2002-June 2021
-
Google search trend in India, Jan 2019-July 2021Two-wheelers registration by type, Jan 2019-July 2021Purchase price of ICE and electric two-wheelerTotal cost of ownership after five yearsMarket share measured by ICE two-wheeler registrationMarket share measured by electric two-wheeler registrationPassenger car per 1,000 people vs GDP per capitaIndia power generation outlook by energy source, 2011-2050Two-wheeler fleet by type, 2019-2050
- 2 more item(s)...
What's included
This report contains:
Other reports you may be interested in
Insight
Metallurgical coal: 5 things to look for in 2026
The onset of 2026 brings new challenges and opportunities for met coal, as both old, ongoing trends and new upcoming developments coincide.
$1,100
Insight
Too much, too fast? India’s solar manufacturing boom risks leading to overcapacity
India's solar PV supply and demand dynamics, overcapacity risks and strategic opportunities for Indian manufacturers in global markets
$3,000
Market Report
India power & renewables update: Q3 2025
Update on the quarterly changes in India's power and renewables market.
$5,990
