FUTURE OF E-BIKES IN INDIA

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 WHAT IS  THE FUTURE OF E-BIKES (ELECTRICAL BIKES IN INDIA?



The Indian e-bike market is segmented by Propulsion Type (Pedal-

assisted and Throttle assisted (Power-on-demand), and 

Application Type(City/Urban, and Cargo).The report offers 

market size and forecast for E-Bike market in India in terms of 

value (USD million) for all the above segements.





Market Overview



The India E-Bike market was valued at USD 1.02 million in 

2020, and it is expected to reach USD 2.08 million by 2026, 

projecting CAGR of 12.69% during the forecast period.

(2021-2026).



 Recent COVID-19 has resulted in reduced sales of e-bikes in 

India. In 2020, the market generated a revenue of USD 1.02 

million, as compared to USD 1.70 million in 2019. These reduced 

sales were the result of lockdowns and economic slowdown in 

India.





According to 2018 report of The Energy and Resources Institute 

(TERI), which is supported by All India Cycle Manufacturer 

Association (AICMA), If two-wheelers and four-wheelers were 

susbtituted by bicycles for short-distance trips, then it can 

provide an annual benefit of around INR 1.8 trillion, and if 50% 

of all trips under 8 km were done through cycling,, it will result 

into energy savings of up to 0.35 million tonnes. 


TVS creon is a well-proportioned electric scooter, and
has a need and handsome design.


Start-up electric two-wheeler brands like Ather Energy, Revolt 
growth in the electric two-wheeler industry. 

Intellicorp and Okinawa have established themselves as well-

known electric two-wheeler names in the industry, along with 

established names like Hero Electric. Ather Energy has 

established itself as a manufacturer of high quality electric 

scooters, creating a sort of benchmark with the Ather 450 and 

Ather 450X electric scooters. Other players like Ampere Vehicles, 

owned by engineering giant Greaves Cotton, and new start-ups 

like  Gurugram-based Evolet India and others are also making 

their presence felt with a robust product plan to take on the 


The Emflux  One is an electric sportbike with performance 
said to be comparable to 600cc supersport bikes.

Tork Motorcycles is expected to launch the 
T6X electric motorcycle


There are other players, names which will usher in a completely 

Bajaj Chetak electric scooter


new breed of premium electric motorcycles. Tork Motorcycles, 

Ultraviolette Automotive and Emflux Motors are names which 

are likely to introduce a whole new breed of electric motorcycles, 

which will be desirable, performance-oriented and will likely 

make the base for the coming of the performance electric 

motorcycle in India. Smaller players in the electric mobility 

space will also share the industry space, offering more 

affordable, and commuter-oriented electric scooters and e-bikes. 

While the EV indsutry is poised to grow exponentially over the 

next-decade, questions remain over public charging 

infrastructure and range anxiety. But there seem to be solutions 

in sight, as mainstream two-wheeler manufacturers also jump on 

the electric two-wheeler bandwagon.


TVS Motor Company's iQube electric scooter will offer charging 

infrastructure at TVS service centers, and the Ather Energy has 

its own dedicated Ather Grid network in the cities the company 

currently operates in. Bajaj Auto has once again re-entered the 

scooter segement with tthe new Bajaj Chetak electric scooter, 

and Hero MotoCorp, which already owns stake in Ather Energy, 

is expected to launch its first electric sccooter as well.  


A decade ago, India's electric two wheeler indsutry may have 

been perceived as a distant dream. But with rapid strides into 

developing technology and products designed and developed 

indigenously, the industry is poised to take on a quantum leap in 

growth. This will likely get a further impetus in the post-COVID 

world, when personal mobility will once again take precedance 

over public transport, and the low costs of running an electric 

two-wheeler, without exposure to fuel stations, will likely tip the 

scales in favour of EVS.

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