This research report presents a comprehensive overview on the India Electric Bikes market, further presents an analysis on its products and services in the market and the leading companies operating in the Electric Bikes industry. You will also find many facts & figures and statistics related to the India Electric Bikes market.
Along with a detailed overview, this report also has SWOT analysis and PEST analysis which provide a deeper insightful look into the Indian Electric Bikes market. There’s also regional analysis which furthermore increases the credibility of the data provided in this report. The data has been presented in such a way that is easy to understand. You will find pie charts, graphs, and other visual representations that will provide better sense of the information.
The research report widely covers the business profiles of all the key players that operate in the India Electric Bikes market. These companies have been thoroughly profiled and the report contains information on their growth projections, development prospects, their business strategies, sales data, and their current business revenue, to the expected revenue. Based on the report, you can understand what the leading players are planning to do in the next 5 years, and this data will help you to make important business decisions. Electrotherm (India) Limited, Ampere Vehicles Private Limited, Ather Energy Private Limited, Avon Cycles Limited, Hero Electric Vehicles Private Limited and more - all the top companies operating in the India Electric Bikes market and their business strategies have been profiled in this research report.
India is at an early stage of the 'transition to electric vehicles' phase. An increase in concern over pollution and other environmental issues, and lower operating costs of electric vehicles in comparison to fuel-driven vehicles are the major reasons behind the increased adoption of electric bikes, consequently, boosting market growth. With the government encouraging the adoption of electrified vehicles, the electric bikes market in India is expected to grow further in the coming years. The cost of running electric bikes is about INR 10 for 70 Km, whereas the same distance can be covered by a conventional counterpart at a minimum cost of INR 102.
As of FY 2020, the electric bikes market in India was valued at INR 3.58 Bn, and is expected to expand at a compound annual growth rate (CAGR) of ~52.67% during the 2020-2025 period, to reach INR 29.67 Bn by 2025.
Government initiatives:
In February 2018, the Indian government’s policy think tank, Niti Aayog proposed and mandated the electrification of all two wheelers with a displacement capacity of below 150 cc by March 2025. With this policy mandate, the two-wheeler industry is likely to experience a rapid transition toward electric mobility. These initiatives have been undertaken to curb pollution and reduce the country's import bills by INR ~1200 Bn by 2025. Further, to boost this policy and accelerate the adoption of electric vehicles (including bikes), the Department of Heavy Industry in association with the Society of Indian Automobile Manufacturers implemented the schemes of 'FAME' and 'FAME II'. Other government initiatives anticipated to encourage the adoption of electric bikes include the National Electric Mobility Mission Plan 2020 (NEMMP 2020), the Atmanirbhar Bharat Abhiyan, and the Make in India campaign.
COVID-19 impact analysis:
The nationwide lockdown in the wake of the pandemic has marked a long-term positive impact on the electric bikes market in India. The demand for electric bikes has increased amid the pandemic, owing to the fear of virus transmission through public transport. The growing demand for the electric ones has also been supported by the government’s mandatory electrification policy. Moreover, the lockdown has intrigued realisation within people that the use of internal combustion engine vehicles cause 60% more pollution than their electrified counterparts. After the upliftment of the lockdown, adoption of electric bikes as a personal mode of transport surged multifold, and the growth is likely to continue in the long run as well.
Companies covered
Electrotherm (India) Limited
Ampere Vehicles Private Limited
Ather Energy Private Limited
Avon Cycles Limited
Hero Electric Vehicles Private Limited
Lohia Auto Private Limited
NDS Eco Motors Private Limited
Okinawa Autotech Private Limited
Tork Motors Private Limited
Tunwal E-Bike India Private Limited
With this research report, you can get an insightful view of the India Electric Bikes market. So, if you are looking to make smart investments, you will be at an advantage with all the relevant data at your fingertips. This report also contains market analysis, growth analysis, and competitive landscape report, so if you are looking to start your own business in the India Electric Bikes market, you can use this report to assess business opportunities and make business strategies.
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Chapter 1: Executive summary
Chapter 2: Socio-economic indicators
Chapter 3: Introduction
3.1. Market definition and structure
Chapter 4: India electric bikes market overview
4.1. Market size and growth forecast based on value (FY 2018-FY 2025)
4.2. PESTEL analysis
Chapter 5: Impact of COVID-19
5.1. Impact of COVID-19
Chapter 6: Market influencers
6.1. Market drivers
6.2. Market challenges
Chapter 7: Government initiatives
7.1. Government initiatives
Chapter 8: Competitive landscape
8.1. Electrotherm (India) Limited
Company information
Business description
Products/services
Key people
Financial snapshot
Key business segments
Key geographical segments
Note: Financial data and segment-wise data is available for public companies only
8.2. Ampere Vehicles Private Limited
8.3. Ather Energy Private Limited
8.4. Avon Cycles Limited
8.5. Hero Electric Vehicles Private Limited
8.6. Lohia Auto Private Limited
8.7. NDS Eco Motors Private Limited
8.8. Okinawa Autotech Private Limited
8.9. Tork Motors Private Limited
8.10. Tunwal E-Bike India Private Limited
Chapter 9: Recent developments
9.1. Recent developments
Chapter 10: Upcoming product launches in India
10.1. Upcoming product launches in India
Chapter 11: Appendix
11.1. Research methodology
11.2. About Netscribes
11.3. Disclaimer