The India Two Wheeler Market is segmented by Propulsion Type (Hybrid and Electric Vehicles, ICE). The report offers market size in both market value in USD and market volume in unit. Further, the report includes a market split by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.

In the financial year 2024, Hero MotoCorp was the leading two-wheeler manufacturer in India, with a market share of ***percent. The volume of two-wheelers sold across India during the same period almost reached **** million units, which was an increase from the previous year’s ***million units. Two-wheel vehicles industry in India Two-wheel vehicles are divided into three subcategories in India, namely, motorcycles, scooters, and mopeds. They had made up the majority of motor vehicles produced in India, far exceeding passenger vehicles. As the leading manufacturer in India, Hero MotoCorp was also the world’s largest manufacturer of two-wheel vehicles. Meanwhile, the leading foreign manufacturers were exclusively Japanese companies. It was mostly because in the *****, when the Indian government lessened the restrictions on foreign investments, Japanese companies formed joint ventures with Indian companies to produce two-wheel vehicles for the local market. Even after the termination of most of these joint ventures in the ***** and *****, Japanese manufacturers maintained their presence in India.  Two-wheel vehicles market in India Currently, the new growth point for the industry is electric scooters and motorcycles. Many of the leading manufacturers have already started the production of electric vehicles. The Indian government has set a goal to electrify a major part of India’s two-wheelers and has provided considerable financial incentives. However, because of the impact of the COVID-19 pandemic on the sales of automobiles in India, the electrification target might be delayed. More investment in the electricity infrastructure, especially the renewable energy sector, could potentially accelerate the process.

The India two-wheeler market size reached 24.9 Million Units in 2024. Looking forward, IMARC Group expects the market to reach 92.0 Million Units by 2033, exhibiting a growth rate (CAGR) of 15.64% during 2025-2033. The growing spending power of the middle-classed, the rising need for practical commuting options due to fast urbanization, and increasing accessibility of affordable funding choices, represents some of the key factors impelling the market growth.

IMARC Group provides an analysis of the key trends in each segment of the India two-wheeler market, along with forecasts at the country and regional levels from 2025-2033. Our report has categorized the market based on type, technology, transmission, engine capacity, fuel type, end user, and distribution channel.

India Electric Two-Wheeler market was valued at USD 621.11 Million in 2024 and is expected to reach USD 3391.52 Million by 2030 with a CAGR of 32.70% during the forecast period.

Ola Electric dominated the electric two-wheeler market in India, with a share of 21 percent in financial year 2023. This was followed by Okinawa and Hero, having a share of 13 percent and 12 percent, respectively.

The India two-wheeler market, a dynamic and rapidly evolving sector, presents a compelling investment landscape. Driven by a burgeoning middle class, increasing urbanization, and rising disposable incomes, the market experienced significant growth in the period 2019-2024. While precise figures for the market size in 2019-2024 are unavailable, the stated CAGR of >4.00% and a 2025 market value (estimated) of ₹150 billion (approximately $18 billion USD, based on typical industry valuations and the provided data) indicates substantial market expansion. Key drivers include the affordability of two-wheelers compared to four-wheelers, improved infrastructure in certain regions, and the increasing preference for personal mobility solutions. Furthermore, the rising popularity of electric two-wheelers, fueled by government incentives and environmental concerns, is shaping market trends. However, constraints such as fluctuating fuel prices, stringent emission norms, and the uneven distribution of infrastructure across India’s diverse regions pose challenges. The market is segmented by propulsion type (Hybrid & Electric Vehicles, and Internal Combustion Engine (ICE) vehicles), with ICE vehicles currently dominating but experiencing a steady shift towards electric alternatives. Major players like Hero MotoCorp, Bajaj Auto, TVS Motor Company, and emerging electric vehicle manufacturers like Ola Electric and Ather Energy are vying for market share, contributing to increased competition and innovation. The forecast period (2025-2033) anticipates continued growth, fueled by the expansion of the electric vehicle segment and ongoing improvements in infrastructure. We project the market to maintain a robust CAGR, potentially exceeding 4%, although it may slightly fluctuate year over year due to economic factors and technological advancements. Regional variations in growth will persist, with regions like South India potentially exhibiting faster expansion due to a higher concentration of urban centers and adoption of new technologies. Effective strategies for manufacturers will involve balancing cost-effectiveness with technological innovation, focusing on meeting evolving customer preferences, and adapting to the shifting regulatory environment. The market's future will be characterized by the ongoing competition between established ICE manufacturers and rising electric vehicle players, leading to intensified product innovation and greater choices for Indian consumers. Recent developments include: August 2023: Ola Electric launched S1X for INR 79,999. Ola S1X will be offered in two battery capacities 2-kWh and 3-kWh. The 2-kWh variant will have a range of 91 km while the 3-kWh will have a 151 km range. The scooter has a 3.5-inch segmented display, the physical key unlocks and comes Without smart connectivity.August 2023: Mahindra & Mahindra Ltd. announced that its board of directors approved the scheme of merger by absorption of Mahindra Heavy Engines Limited (MHEL) and Mahindra Two Wheelers Limited (MTWL) and Trringo.com Limited (TCL), wholly owned subsidiaries of the company, with the company and their respective shareholders.July 2023: Okinawa Autotech launched the new and advanced version of its ‘OKHI-90' electric scooter with an AIS-156 amendment 3 compliant battery pack, next-gen motor, and improved technology features.. Key drivers for this market are: Used Car Financing To Continue Solving Consumer Challenges In Indonesia. Potential restraints include: Trust And Transparency In Used Car Remained A Key Challenge For Consumers. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

Hero MotoCorp sold the most two-wheelers in India, amounting to around ****million units in financial year 2025. Honda ranked second during the same year. The top three manufacturers together took over 70 percent of the two-wheeler market in the country. Comparing to the previous year, a significant increase in the sales of electric two-wheelers could be observed.

Electric two-wheelers are gaining popularity due to their lower operating costs, environmental friendliness, and government subsidies. The segment includes electric scooters, motorcycles, and bicycles. Hybrid two-wheelers, which combine both electric and combustion engines, offer a balance of fuel efficiency and performance. ICE two-wheelers, including scooters, motorcycles, and mopeds, still constitute the majority of the market. Recent developments include: December 2022: The Tiger 1200 has been unveiled in India, featuring cutting-edge technologies such as a blind-spot radar system, a Showa semi-active suspension setup, a seven-inch TFT display, six riding modes, and a keyless system., October 2022: The latest upgrade of the Dominar 400 has been launched, designed for avid touring enthusiasts. The sports tourer comes equipped with factory-fitted touring accessories, catering to riders who prioritize robust touring essentials., August 2022: Yamaha Motor Pvt. Ltd. has introduced an exciting 2022 Monster Energy Yamaha MotoGP Edition lineup in India. The models include the Supersport YZF-R15M, the Dark Warrior MT-15 V2.0, the Maxi-sports Scooter AEROX 155, and the RayZR 125 Fi Hybrid scooter.. Key drivers for this market are: Growing Population and Urbanization

Increasing Disposable Income. Potential restraints include: Fluctuations in Fuel Prices

Rising Inflation and Interest Rates. Notable trends are: Focus on Electric Vehicles

Adoption of Connected Technologies.

The estimated growth rate for the India Two-Wheeler Tire Market is around 11.2% annually from 2024 to 2030, including growth drivers like urbanization, electric mobility, and ride-hailing services.

The market size of electric two-wheelers across India was projected to cross the ******million units mark in financial year 2027. The same year, the electric two-wheeler penetration rate in India would be around ***percent.

The Asia Pacific Electric Two-Wheeler Market is segmented by Propulsion Type (Hybrid and Electric Vehicles) and by Country (China, India, Japan, South Korea). The report offers market size in both market value in USD and market volume in unit. Further, the report includes a market split by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.

India Two-Wheeler Market size was valued at USD 299.43 Billion in 2024 and is expected to reach USD 459.47 Billion by 2032, growing at a CAGR of 5.50% from 2026 to 2032.

India Two-Wheeler Market: Definition/ Overview

Two-wheelers are motorized vehicles with two wheels, including motorcycles, scooters, and mopeds, which are designed for personal and commercial transportation. These vehicles are widely utilized for daily commuting, last-mile connectivity, and delivery services, as they offer affordability, fuel efficiency, and ease of navigation through congested urban areas.

The report covers India Two Wheeler Aftermarket Services Market Sales, Market Shares, Market Size, Ceat Spare Parts Market Sales, Major Players, Non-Crash Repair Services Market.

Gain insights into the India Electric Two-Wheeler Market size at USD 1.16 million in 2023, featuring Market Share & Growth, Growth Projection, and Strategic Insights.

The African two-wheeler market, valued at approximately $5 billion in 2025, is experiencing robust growth, projected to expand at a compound annual growth rate (CAGR) exceeding 4% from 2025 to 2033. This surge is driven by several key factors. Increasing urbanization and a burgeoning young population fuel demand for affordable and efficient personal transportation. Improving infrastructure in certain regions, coupled with rising disposable incomes, particularly within the middle class, further enhances market accessibility and purchasing power. The prevalence of motorcycles and scooters as primary modes of commuting, especially in densely populated areas and underdeveloped transportation networks, significantly contributes to market expansion. Furthermore, the growing adoption of financing options and attractive financing schemes offered by manufacturers are making two-wheelers more accessible to a wider segment of the population. However, challenges remain, including inconsistent economic growth across different African nations, fluctuating fuel prices potentially impacting affordability, and the ongoing need for improved road safety infrastructure and regulations. Growth is segmented by propulsion type, with gasoline-powered two-wheelers currently dominating the market. However, the emergence of electric two-wheelers is gaining traction, driven by environmental concerns, government incentives in select countries, and technological advancements resulting in increased battery efficiency and reduced costs. Key players like KTM, Bajaj Auto, Yamaha, Hero MotoCorp, and Honda are strategically focusing on expanding their presence across the continent through localized production, partnerships, and the introduction of models tailored to the specific needs and preferences of African consumers. The diverse market landscape presents opportunities for both established global manufacturers and emerging local brands to capture significant market share. Regional variations in growth are expected, with countries like Nigeria, South Africa, and Egypt leading the market based on their larger populations and higher levels of economic development. This comprehensive report provides an in-depth analysis of the burgeoning Africa two-wheeler market, covering the period from 2019 to 2033. With a base year of 2025 and a forecast period spanning 2025-2033, this study offers crucial insights into market size (in million units), growth drivers, challenges, and future trends. The report leverages data from the historical period (2019-2024) to provide a robust foundation for future projections. Key players like Bajaj Auto Ltd, Yamaha Motor Company Limited, Hero MotoCorp Ltd, and KTM Motorcycles are analyzed, along with emerging trends in motorcycle sales in Africa and the impact of evolving African motorcycle regulations. Recent developments include: September 2023: KTM India launched the two all-new, single-cylinder Duke 390 and 250 motorcycles priced at INR 310,520 and INR 239,000 respectively.July 2023: Harley-Davidson spinoff LiveWire Unveils Its Second Motorcycle – and It Can Hit 103 MPH.July 2023: Hero Motocorp and Harley-Davidson launched their co-developed premium motorcycle – the Harley-Davidson X440 in India from a starting price of INR 229 thousand and going to INR 269 thousand.. Key drivers for this market are: Rapid Urbanization and Demand for Convinient Transportation. Potential restraints include: Traffic Congestion in Major Cities. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

The report covers India Used Two Wheeler Industry, India Used Two Wheeler Market, Unorganized Dealers, Covid-19 Impact, B2C Used Two Wheeler India Used Two Wheeler Market Growth Rate, India Used Two Wheeler Market Revenue, India Used Two Wheeler Market Research Report, India Second Hand Two Wheeler Revenue Growth, India Pre Owned Two Wheeler Industry.

India Electric Two-Wheeler Market Size to cross USD 750 Million by 2025. Electric scooter sales to exceed 2 million by 2030.

The Electric Two-Wheeler Market is segmented by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). The report offers market size in both market value in USD and market volume in unit. Further, the report includes a market split by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.

In financial year 2027, it was estimated that the market size of new two-wheeler would reach 23 billion U.S. dollars. In 2020, the new two-wheeler market was around 26 billion dollars. During the presented period, a general growth trend could be observed despite disruption caused by the Covid-19 pandemic.

The Indian electric scooters and motorcycles market will stand at an estimated USD 681.3 million in 2024, advancing at a CAGR of 66.4% during 2024-2030.