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 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.

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 E-Bike Market report segments the industry into Propulsion Type (Pedal Assisted, Speed Pedelec, Throttle Assisted), Application Type (Cargo/Utility, City/Urban, Trekking), and Battery Type (Lead Acid Battery, Lithium-Ion Battery, Others). Five years of historical data and market forecasts are included.

Pedal Assisted Electric Bikes Gain Popularity: Pedal assisted electric bikes account for the largest market share, offering a balance of human effort and electric assistance.Lithium-ion Batteries Lead the Battery Segment: Lithium-ion batteries dominate the battery segment due to their superior performance and durability. Recent developments include: Hero Cycles Limited partners with Gogoro to introduce a new range of electric bikes.

, Ola Electric launches its latest electric scooter model, Ola S1 Pro., Government of India approves the FAME-II subsidy scheme for electric vehicles, including electric bikes.. Key drivers for this market are: Government Incentives: Government subsidies and tax exemptions encourage electric bike adoption.

Environmental Awareness: Rising concerns about pollution and climate change drive consumer preference for eco-friendly transportation.. Potential restraints include: High Initial Cost: Electric bikes can be more expensive than traditional bicycles, posing a barrier to entry for some consumers.

Limited Charging Infrastructure: Inadequate charging stations hinder the adoption of electric bikes in remote areas.. Notable trends are: Connected Electric Bikes: Integration of IoT and GPS technology for enhanced user experience and safety.

Subscription-based Electric Bikes: Flexible rental and leasing options to cater to varying consumer needs..

The Indian bicycle market declined sharply to $109M in 2024, with a decrease of -33.3% against the previous year. In general, consumption saw a deep contraction. As a result, consumption attained the peak level of $540M. From 2015 to 2024, the growth of the market remained at a somewhat lower figure.

The India Electric Bike Rental Market report segments the industry into Application Type (Urban/City, Cargo) and Vehicle Type (Pedal-Assisted, Throttle-Assisted). Includes five years of historical data and forecasts for the next five years.

India Bike Helmet Market By Helmet Type (Full Face, Open Face, Half Face, Modular and Motocross), By Distributor Channel (Offline (Dealers/Retailers, Two Wheeler Manufacturers, Institutional) and Online), By Region, Competition, Forecast & Opportunities, 2029F

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Market Size
Forecast Market Size
CAGR
Fastest Growing Segment
Largest Market
Key Players

Bajaj Auto had the leading market share of about ***percent in the three-wheeler segment across India in fiscal year 2025. It was followed distantly by Piaggio. More and more electric three-wheelers have entered the market, threatening the existing players.

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 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.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	24.9 Million Units
Market Forecast in 2033	92.0 Million Units
Market Growth Rate (2025-2033)	15.64%

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.

In fiscal year 2024, around 14.5 thousand Harley-Davidson motorcycles were sold across India. The significant increase in sales was due to the introduction of the Harley-Davidson X440, which was launched in July 2023. It is in collaboration with Hero MotoCorp and is the cheapest model in the brand's line-up. Harley-Davidson and India The product portfolio of the two-wheeler companies is gradually moving towards engines with higher volumes. Several foreign motorcycle companies established their presence in India by collaborating with domestic two-wheeler companies. KTM AG partnered with Bajaj Autos. Since fiscal year 2013, the sales volume for KTM bikes in India has grown considerably. This was in contrast with Harley-Davidson, which went solo in the country. In September 2020, it announced on seizing its operations, independently, in the country. This closure resulted in the unemployment of 70 employees. The company later partnered up with Hero MotoCorp which took over the distribution and manufacturing rights in the country. Two-wheeler industry The two-wheeler industry in India has grown rapidly, post-liberalization. In the last 30 years, the number of two-wheeler manufacturers soared in the country. It went on to become the largest commercial vehicles segment in terms of sales volume. The two-wheeler segment was further subdivided into scooters, motorbikes, and mopeds, with motorbikes being in the highest demand. The segment evolved quickly according to the market norms and customer requirements. Initially, two-wheelers in the country had a two-stroke engine, which was faced out owing to India being a signatory to the Kyoto protocol. The industry is now trending towards electrically operated vehicles.

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.

The Indian motorcycle or bicycle tyre market fell rapidly to $375M in 2024, which is down by -24.4% against the previous year. Over the period under review, consumption faced a abrupt slump. As a result, consumption reached the peak level of $4.4B. From 2014 to 2024, the growth of the market remained at a lower figure.

India E-bike Market, India E-bike Market Size,

India E-bike Market Trends,

India E-bike Market Forecast,

India E-bike Market risks,

India E-bike Market Report, India E-bike Market Share, electric bicycle in india

The India E-bike market size reached USD 1,302.9 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 3,000.5 Million by 2033, exhibiting a growth rate (CAGR) of 8.70% during 2025-2033. The increasing sales of e-bikes, inflating prices of petrol, and the growing number of EV charging represent some of the key factors driving the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 1,302.9 Million
Market Forecast in 2033	USD 3,000.5 Million
Market Growth Rate 2025-2033	8.70%

IMARC Group provides an analysis of the key trends in each sub-segment of the India E-bike market report, along with forecasts at the country and regional level from 2025-2033. Our report has categorized the market based on propulsion type, battery type, power and application.

In 2024, after ten years of growth, there was significant decline in the Indian motorcycle and bicycle market, when its value decreased by -18.8% to $18.9B. Overall, consumption enjoyed a prominent increase. Over the period under review, the market hit record highs at $23.3B in 2023, and then dropped significantly in the following year.

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 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 global electric cargo bike market is poised to grow from USD 4.78 billion in 2025 to USD 18.05 billion by 2035, expanding at a CAGR of 14.2%. This surge is fueled by mounting pressure to decarbonize last-mile logistics and alleviate traffic congestion in densely populated cities.

Attribute	Value
Market Size (2025)	USD 4.78 Billion
Market Size (2035)	USD 18.05 Billion
CAGR (2025 to 2035)	14.2%

Electric Cargo Bike Market Analysis by Top Investment Segments

Battery Type	CAGR (2025 to 2035)
Lithium-Ion	14.50%
Lead-Based	6.20%
Nickel-Based	5.80%

Product Type	CAGR (2025 to 2035)
Two-Wheeled	14.80%
Three-Wheeled	13.60%
Four-Wheeled	11.90%

Wheel Size	CAGR (2025 to 2035)
Below 20"	13.70%
20-26"	14.50%
Above 26"	12.10%

End User	CAGR (2025 to 2035)
Courier & Parcel Services	15.30%
Large Retail Suppliers	14.70%
Personal Transportation	13.20%
Service Delivery	12.60%
Municipal Waste Management	12.10%

Electric Cargo Bike Sales by Country

Country	CAGR (2025 to 2035)
China	11.30%
Germany	8.50%
United States	12.50%
Netherlands	10.20%
United Kingdom	8.20%
France	9.10%
Denmark	7.60%
India	10.80%
Japan	6.90%
Italy	8.00%