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 financial year 2024, two-wheeler sales in India saw an increase from the previous years to 18 million units. The sales reached an all-time high as of 2019, when India's auto industry sold some 21 million units. This figure is almost double the 2011 sales, when just 11.77 million two-wheeler units were sold in India. Two-wheeler industry in India In 2023, two-wheeler vehicles also made up the majority of vehicles in production in India, followed by passenger vehicles. There are many kinds of two-wheeler vehicles available in India, including scooters, motorcycles, and mopeds. As of 2023, the leading two-wheeler manufacturer in India was Hero MotoCorp. The manufacturer of the very popular Splendor motorcycle model is headquartered in India's capital New Delhi. Major automotive brands in India Motor vehicle sales in India have doubled between 2008 and 2018, and saw a dip in 2019. Among passenger cars, Maruti Suzuki, followed by Hyundai Motor of India, holds a majority of the market. India’s best-selling cars in 2022 included models such as Wagon R, Baleno and Swift, to name a few, which were all from Maruti Suzuki.

The India two-wheeler market size reached 21.4 Million Units in 2023. Looking forward, IMARC Group expects the market to reach 86.4 Million Units by 2032, exhibiting a growth rate (CAGR) of 16.29% during 2024-2032. 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 2024-2032. Our report has categorized the market based on type, technology, transmission, engine capacity, fuel type, end user, and distribution channel.

In the financial year 2024, Hero MotoCorp was the leading two-wheeler manufacturer in India, with a market share of 31 percent. The volume of two-wheelers sold across India during the same period almost reached 18 million units, which was an increase from the previous year’s 15.9 million units. Two-wheel vehicles industry in India Two-wheel vehicles are divided into three subcategories in India, namely, motorcycles, scooters, and mopeds. In the financial year 2024, 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 1980s, 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 2000s and 2010s, 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.

Two-wheeler production volume stood at around 19.5 million across India at the end of fiscal year 2023. Two-wheelers accounted for a share of around 75 percent of total automobile produced across the south Asian country in the same year. The production volume saw increase the first time in three years, which was mostly due to the impact of coronavirus pandemic.

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 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.

In financial year 2022, motorcycles formed the major chunk of the two-wheeler industry in India. In that year, more than 10.2 million motorcycles were sold in the country. Scooters and Mopeds were the two other categories. Major manufacturers include Hero MotoCorp, Honda, and Bajaj.

The report covers Two Wheelers Rental Market in India and is Segmented by Two-wheeler Type (Motorcycle and Scooter), by Rental Duration Type (Short Term and Long Term), and by Application (Touring, Commuting). The report offers market size and forecasts for India Two-Wheeler Rental Market in terms of Value (USD million) for all the above segments.

The report titled “India Used Two-Wheeler Market Outlook to 2025

In financial year 2027, it was estimated that the market volume of new two wheeler would reach 22.7 million units. In 2020, the new two-wheeler market was around 17.4 million units. During the presented period, a general growth trend could be observed despite disruption caused by the Covid-19 pandemic.

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 Wheelers Industry grow at a CAGR of 11.3% from 2017-2022 and is forecasted to grow at a CAGR of 10% in future from 2023-2027F - Ken Research

The Indian Battery Swapping for Electric Two-wheeler Market is Segmented by Service (Pay-Per-Use Model and Subscription Model) and Battery Type (Lead Acid and Lithium-Ion). The report offers market size and forecasts for the Indian battery swapping for the electric two-wheelers market in terms of value (USD billion) for all the above segments.

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.

Hero MotoCorp sold the most two-wheelers in India, amounting to around 5.4 million units in financial year 2024. Honda ranked second during the same year, with TVS Motor Co in third place. Three of them together took over 70 percent of the two-wheeler market in the country. Comparing to the previous year, a clear increase in the sales of electric two-wheelers could be observed.

Explore the thriving India Two-Wheeler Radial Tire Market with a projected 6.7% CAGR (2024-30). Fulfill your tire needs with high-demand radial options for superior replacement performance in the aftermarket

Amongst 2 wheelers i.e., scooters & motorcycles, 75% of 2 wheelers sold in FY’23 are motorcycles. Amongst motorcycles, commuting bikes have been the most preferred option.

The 2-Wheeler Fuel Tank Market is Segmented by Capacity (Less than 20 Liters and More than 20 Liters) and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers market size and forecast for the 2-wheeler fuel tank market in value (USD million) for all the above segments.

The global two wheeler aftermarket components & consumables market is expected to attain a valuation of US$ 29.3 billion in 2023 and is projected to reach US$ 58 billion by 2033, trailing a CAGR of 7% from 2023 to 2033.

Report Scope