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 Report is Segmented by Vehicle Type (Motorcycles and Scooters), Propulsion (ICE and Electric), Engine Capacity/Motor Power (Up To 110cc, and More), Price Band (Up To USD 1, 000, and More), End User (B2C and B2B), Sales Channel (Online and Offline), and by State. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

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.

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.

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

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The electric two-wheeler motor market share in India is expected to increase by 2446.03 thousand units from 2021 to 2026, and the market’s growth momentum will decelerate at a CAGR of 32.28%.

This electric two-wheeler motor market in India research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers electric two-wheeler motor market segmentation in India by product (in-wheel motor and mid-drive motor) and vehicle type (e-scooter and e-motorcycle). The electric two-wheeler motor market in India report also offers information on several market vendors, including Compage Automation Systems Pvt. Ltd., Dana Inc., EMF Innovations Pte Ltd., Entuple E-Mobility Pvt. Ltd., Konmos Technologies Pvt. Ltd., Physics Motors Technology Pvt. Ltd., Rotomotive Powerdrives India Ltd., SONA BLW Precision Forgings Ltd., Tata Sons Pvt. Ltd., and TSUYO Manufacturing Pvt. Ltd. among others.

What will the Electric Two-wheeler Motor Market Size in India be During the Forecast Period?

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Electric Two-wheeler Motor Market in India: Key Drivers, Trends, and Challenges

The increasing sales of electric two-wheelers in India is notably driving the electric two-wheeler motor market growth in India, although factors such as lack of operational infrastructure in India may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electric two-wheeler motor market industry in India. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Electric Two-wheeler Motor Market Driver in India

One of the key factors driving growth in the electric two-wheeler motor market in India is the increasing sales of electric two-wheelers in India. The demand for electric two-wheelers in India is growing at a fast pace. Companies such as Ola Electric, Simple Energy, Bounce Infinity, Tork Motors and Ultraviolette have entered the electric two-wheeler market in India. The two-wheeler market witnessed a 132% jump in the sales of electric two-wheelers in India in 2021 as compared to 2020. In 2021, the total number of electric two-wheelers sold in India were 2,33,977 as compared to 1,00,736 electric two-wheelers sold in 2020. The rising price of oil in the country is driving the demand for electric two-wheelers, which in turn is boosting the demand for electric two- wheeler motor market during the forecast period.

Key Electric Two-wheeler Motor Market Trend in India

The growing movement of multi-speed transmission in electric two-wheelers is a electric two-wheeler motor market trend in India that is expected to have a positive impact in the coming years. Until 2016, most of the electric two-wheeler, were using single-speed transmission technology. However, certain drivetrain manufactures, such as Ather Energy, have plans to develop multi-gear transmission as the single-speed transmission does not perform equally well at low as well as high speeds. Moreover, the multi-gear transmission would deliver greater efficiency as compared with single gear transmission on the suburban driving and in highways. However, for city driving, the single or dual-speed transmission will suffice. EVs with multi-gear transmission technology will have increased vehicle range in terms of distance traveled on one charge. In addition, it will also help in reducing the battery pack size. It will even improve the low-speed pull away and the high-speed driving. All these benefits will lead the OEMs to the adoption of multi-gear transmission in electric two-wheelers.

Key Electric Two-wheeler Motor Market Challenge in India

The lack of operational infrastructure in India will be a major challenge for the electric two-wheeler motor market in India during the forecast period. The lack of proper road infrastructure in India hampers the wide-scale expansion of EV charging infrastructure, as the availability of electricity on roads and highways is essential to set up an EV charging station. Individuals and freight operators using electric two-wheeler vehicles for commercial purposes limit their operations to major cities because the operational infrastructure required for setting up an EV charging station is available mostly in major cities, not in tier-2 and tier-3 cities. Governing bodies are developing charging stations in their respective regions to promote the use of electric two-wheelers for commercial purposes. However, most of them are slow-charging stations that require a considerable amount of time for charging a vehicle, which dissuades the use of electric two-wheelers for comme

Discover the booming India two-wheeler market! Explore key trends, growth drivers, and leading players in this dynamic sector, projected to exceed a CAGR of 4% through 2033. Analyze market segmentation, including ICE and EV vehicles, and gain insights into regional variations. 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.

The India Electric Two-Wheeler Market was valued at USD 785.81 million in 2025 and is expected to reach USD 3226.16 million by 2031 with a CAGR of 26.54%.

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

The India electric scooter and motorcycle market was estimated to attain a volume of 1.14 Million Units in 2024. The industry is expected to grow at a CAGR of 26.10% during the forecast period of 2025-2034. Battery swapping is significantly driving the India electric scooter and motorcycle market, offering quick energy replenishment for delivery fleets and urban riders while reducing upfront vehicle costs and addressing range anxiety in congested cities. This in turn is expected to push the market ahead to attain 11.59 Million Units by 2034.

India's electric two-wheeler (e2W) segment continues to exhibit encouraging growth despite volatility. According to data from the Federation of Automobile Dealers Associations (Fada), total e2W sales in 2025 stood at 1,73,820 units, up 5.41% from 2024. This directly indicates the growth of India electric scooter and motorcycle market. The month of January recorded good momentum with 97,734 units sold, up 18.9% Y-o-Y. In February, there was a dip, with sales dropping to 76,086 units, down 8.05% Y-o-Y. This reflects changing consumer attitudes and potential policy or supply chain influences on monthly sales in the expanding electric mobility market.

As per industry reports, the traditional scooters and bikes run by fuel contribute almost 27% to the polluted air, and this leads to almost 1.2 million deaths every year. This necessitates the need for non-polluting two-wheeler alternatives, like electric scooters and motorcycles. Since they run on battery technology, there is no scope of air pollution.

Electric mobility is gaining traction in India owing to the increasing fuel prices and rising environmental concerns over fuel combustion. In a developing country like India, electric scooter and motorcycle is a high demand commodity, particularly for the middle-class population. Their low running cost, affordability, and usability in daily commuting makes them a great substitute for the conventional fuel-run vehicles, thereby bolstering the growth of the India electric scooter and motorcycle market.

Electric scooters are gaining pace among the women population for its ease of easy commute and battery efficiency. This is backed up by government initiatives like the Amma two-wheeler working women scheme by the Department of Social Welfare and Women Empowerment, India. Such an initiative empowers working women by facilitating their ability to buy women-friendly two-wheelers and to facilitate their journey to their enterprises, work locations, and interactions with banks and community-based institutions.

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 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.

The African two-wheeler market is experiencing robust growth, driven by increasing urbanization, rising disposable incomes, and a growing preference for affordable and fuel-efficient transportation. The market, encompassing motorcycles, scooters, and mopeds, is particularly vibrant in populous nations like Nigeria, South Africa, and Egypt, where two-wheelers serve as a crucial mode of personal and commercial transportation. Factors like improving road infrastructure in certain regions and the expanding e-commerce sector, necessitating last-mile delivery solutions, are further propelling market expansion. However, challenges remain, including inconsistent regulatory frameworks across different African nations, fluctuating fuel prices, and a need for improved road safety awareness. The dominance of established players like Bajaj Auto, Honda, and TVS, alongside the growing presence of Chinese manufacturers, contributes to a competitive landscape. This competition is likely to intensify as more electric two-wheeler options enter the market, spurred by global sustainability initiatives and potential government incentives. We project a steady growth trajectory for the African two-wheeler market over the next decade, fueled by the aforementioned factors. The segment analysis reveals a strong preference for fuel-efficient motorcycles, largely due to affordability and widespread availability of fuel. While the electric two-wheeler segment is still nascent, it holds significant potential for future growth, particularly in urban areas where emissions regulations are becoming stricter and governments are actively promoting cleaner transportation options. The market's regional variations are significant; Nigeria, South Africa, and Egypt are expected to continue leading the market, while other nations will experience varying growth rates depending on economic development and infrastructure improvements. The ongoing expansion of ride-hailing services, particularly in major cities, also plays a vital role in bolstering the two-wheeler market's overall demand. A comprehensive understanding of these market dynamics and regional nuances is crucial for successful business strategies within the African two-wheeler sector. 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.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

The global motorcycle market, valued at $82.08 billion in 2025, is poised for significant growth. While the exact CAGR isn't provided, considering the robust growth in emerging economies and the increasing popularity of electric motorcycles, a conservative estimate of 5% CAGR over the forecast period (2025-2033) seems reasonable. This would project the market to surpass $120 billion by 2033. Key drivers include rising disposable incomes in developing nations, increasing urbanization leading to greater commuting needs, and the growing appeal of motorcycles as a cost-effective and efficient mode of transportation. Furthermore, advancements in electric motorcycle technology, including longer battery life and improved performance, are fueling market expansion. However, stricter emission regulations in certain regions and the fluctuating prices of raw materials, particularly for fuel-based motorcycles, present challenges to consistent growth. The market is segmented by application (personal and commercial) and type (fuel and electric), with the electric segment exhibiting the fastest growth trajectory due to environmental concerns and government incentives. The Asia Pacific region, particularly India and China, holds the largest market share due to high motorcycle production and consumption. Competition is fierce among major players like Honda, Yamaha, Hero MotoCorp, and emerging electric motorcycle manufacturers, leading to innovation in design, technology, and affordability. The market's future trajectory will be largely determined by the successful integration of electric motorcycle technology, governmental policies supporting sustainable transportation, and the overall economic growth in key markets. The continuous development of advanced features like connected technology and enhanced safety systems in both fuel and electric motorcycles will also play a crucial role in shaping consumer preferences and driving market expansion. Despite potential headwinds such as economic downturns and supply chain disruptions, the overall outlook for the motorcycle market remains optimistic due to its inherent adaptability and the enduring appeal of two-wheeled transportation.

The India Battery Swapping for Electric Two-Wheelers Market Report is Segmented by Service Model (Pay-Per-Use, and More), Battery Chemistry (Lithium-Ion NMC/NCA, and More), Vehicle Category (Electric Scooters, and More), End User (Personal Commuters, and More), Battery Capacity (Up To 2. 0, 2. 1–3. 0, and More), Swap Station Type (Fixed Cabinet, Mobile Kiosk, and More). The Market Forecasts are Provided in Terms of Value (USD).

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 size of the India Two-Wheeler Market was valued at USD 41.2 Billion in 2023 and is projected to reach USD 52.42 Billion by 2032, with an expected CAGR of 3.50% during the forecast period. 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 Premium Motorcycles market was valued at USD 1.3 billion in 2024 and is projected to reach approximately USD 2.5 billion by 2030, expanding at a CAGR of 12.5%.

The India Two-Wheeler Hand Hold Market was valued at USD 117.52 million in 2025 and is expected to reach USD 148.27 million by 2031 with a CAGR of 3.95% during the forecast period.

India Two-Wheeler Tire Market size was valued at USD 3.39 billion in 2024 and is projected to reach USD 6.12 billion by 2030, at a CAGR of 10.35% during 2025–30.