India Electric Two Wheeler Market - 2023 | TechSci Research

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I n d i a E l e c t r i c Two - W h e e l e r M a
r k e t B y Ve h i c l e Ty p e , B y B a t t e
r y C a p a c i t y, B y B a t t e r y Ty p e , C
o m p e t i t i o n Fo r e c a s t O p p o r t
u n i t i e s , F Y 2 0 13 - F Y 2 0 2 3
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T a b l e o f C o n t e n t s
S. No. Contents Contents Contents Contents
1. Product Overview Product Overview Product Overview Product Overview
2. Research Methodology Research Methodology Research Methodology Research Methodology
3. Analyst View Analyst View Analyst View Analyst View
4. Voice of Customer Voice of Customer Voice of Customer Voice of Customer
4.1. Purchase Decision Factors Purchase Decision Factors Purchase Decision Factors
4.2. Brand Recall Brand Recall Brand Recall
4.3. Brand Satisfaction Level Brand Satisfaction Level Brand Satisfaction Level
5. Government Initiatives Government Initiatives Government Initiatives Government Initiatives
6. India Electric Two-Wheeler Market Outlook India Electric Two-Wheeler Market Outlook India Electric Two-Wheeler Market Outlook India Electric Two-Wheeler Market Outlook
6.1. Market Size Forecast Market Size Forecast Market Size Forecast
6.1.1. 6.1.1. By Value Volume
6.2. Market Share Forecast Market Share Forecast Market Share Forecast
6.2.1. By Vehicle Type (Electric Scooter and Electric Motorcycle) By Vehicle Type (Electric Scooter and Electric Motorcycle)
6.2.2. By Battery Capacity (lt25Ah and gt25Ah) By Battery Capacity (lt25Ah and gt25Ah)
6.2.3. By Battery Type (Lead and Li-ion) By Battery Type (Lead and Li-ion)
6.2.4. By Company (Hero, Yo, Lohia, Avon and Others) By Company (Hero, Yo, Lohia, Avon and Others)
6.2.5. By Region (North, West, South, East) By Region (North, West, South, East)
6.3. Market Attractiveness Index (By Battery Capacity) Market Attractiveness Index (By Battery Capacity) Market Attractiveness Index (By Battery Capacity)
6.4. Market Attractiveness Index (By Battery Type) Market Attractiveness Index (By Battery Type) Market Attractiveness Index (By Battery Type)
6.5. Market Attractiveness Index (By Company) Market Attractiveness Index (By Company) Market Attractiveness Index (By Company)
6.6. Market Attractiveness Index (By Region) Market Attractiveness Index (By Region) Market Attractiveness Index (By Region)
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T a b l e o f C o n t e n t s
S. No. Contents Contents Contents Contents
7. India Electric Scooter Market Outlook India Electric Scooter Market Outlook India Electric Scooter Market Outlook India Electric Scooter Market Outlook
7.1. Market Size Forecast Market Size Forecast Market Size Forecast
7.1.1. 7.1.1. By Value Volume
7.2. Market Share Forecast Market Share Forecast Market Share Forecast
7.2.1. By Battery Capacity By Battery Capacity
7.2.2. By Battery Type By Battery Type
7.2.3. By Company By Company
7.3. Market Attractiveness Index (By Battery Capacity) Market Attractiveness Index (By Battery Capacity) Market Attractiveness Index (By Battery Capacity)
7.4. Market Attractiveness Index (By Battery Type) Market Attractiveness Index (By Battery Type) Market Attractiveness Index (By Battery Type)
7.5. Market Attractiveness Index (By Company) Market Attractiveness Index (By Company) Market Attractiveness Index (By Company)
8. India Electric Motorcycle Market Outlook India Electric Motorcycle Market Outlook India Electric Motorcycle Market Outlook India Electric Motorcycle Market Outlook
8.1. Market Size Forecast Market Size Forecast Market Size Forecast
8.1.1. 8.1.1. By Value Volume
8.2. Market Share Forecast Market Share Forecast Market Share Forecast
8.2.1. By Battery Capacity By Battery Capacity
8.2.2. By Battery Type By Battery Type
8.2.3. By Company By Company
9. Market Dynamics Market Dynamics Market Dynamics Market Dynamics
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T a b l e o f C o n t e n t s
S. No. Contents Contents
9.1. Drivers
9.2. Challenges
10. Policy Regulatory Landscape Policy Regulatory Landscape
11. Market Trends Developments Market Trends Developments
11.1. Rapidly Developing Distributor Dealership Network
11.2. Expanding Electric Two-Wheeler Fleet Size
11.3. Increasing Online electric Two-Wheeler Sales
11.4. Growing Domestic Electric Two-Wheeler Manufacturing
11.5. North Region Dominating Electric Two-Wheeler Market
12. SWOT Analysis SWOT Analysis
13. India Economic Profile India Economic Profile
14. Pricing Analysis Pricing Analysis
15. Product Benchmarking Product Benchmarking
16. Competitive Landscape Competitive Landscape
16.1. Hero Electric Vehicles Pvt. Ltd.
16.2. Electrotherm India Ltd.
16.3. Lohia Auto Industries
16.4. Avon Cycles Ltd.
16.5. Okinawa Autotech Pvt. Ltd.
16.6. Xxplore Automotive Pvt Ltd.
16.7. BSA Motors
16.8. Go GreenEOT Pvt. Ltd.
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T a b l e o f C o n t e n t s
S. No. Contents Contents
16.9. Enigma Auto
16.10. Lectrix Motors Pvt. Ltd.
17. Strategic Recommendations Strategic Recommendations
18. About Us Disclaimer About Us Disclaimer
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P r o d u c t O v e r v i e w
Electric Two-Wheeler Definition
Electric two-wheelers are vehicles that are
powered by electricity. Electric two- wheelers
can be divided into two categories electric
scooters (e-scooters) and electric motorcycles
(e-motorcycles). A battery pack and a motor are
installed in the vehicles to store and transform
the electricity. The user control is attached to
the handle bar to stop and adjust the speed.
Classification According to Vehicle Type
Vehicle Segment Sub-Segment Customer Segment
Two-Wheeler Scooter Individuals
Two-Wheeler Motorcycle Individuals
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R e s e a r c h M e t h o d o l o g y
Market Profiling

• In-depth secondary research was conducted to
  determine top players in India electric two-
  wheeler market, overall market size and
  segmental market size.

Research Intelligence
Data Collection
Data Filter Analysis
Actionable Insights
Business Solution

• Formulating Questionnaire
• In order to conduct industry experts interviews,
  TechSci formulated a detailed questionnaire.

• Identifying Key Opinion Leaders

Developing list of respondents

• Questionnaire Design
• In-depth Interviews

A Primary Research

• Recent
• Developments
• Market Changing Aspects/Dynamics
• Government Policies
• Final Conclusion

• List of industry players and industry specialists
• was developed.

B Desk Research
Data Collection
C Company Analysis

• TechSci conducted interviews with industry
  experts, industry players, for data collection
  and verification.

• Market Participants
• Key Strengths

Data Validation

• Data obtained as a result of primary and
  secondary research was validated through
  rigorous triangulation.

Paid Sources
Secondary Research
Primary Research

• LinkedIn
• TechSci Internal database

• Factiva
• Hoovers

• Company Website
• Company Annual Reports
• White Paper Study
• Financial Reports
• Investor
• Presentations
• Regulatory Body,
• Associations, etc.

Data Analysis

• The data was scrutinized using MS-Excel and
  statistical tools, such as Time Series Analysis
  etc., to obtain qualitative and quantitative
  insights about the India electric two-wheeler
  market.

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TechSci Research
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Electric Two-Wheeler Sales in India to Grow at
23 until FY 2023
I n d u s t r y B r i e f
According to TechSci Research report, India
Electric Two-Wheeler Market By Vehicle Type, By
Battery Capacity, By Battery Type, Competition
Forecast Opportunities, FY2013-FY2023, the
market for electric two-wheelers in India is
projected to witness a CAGR of 23 during FY2018
- FY 2023. Growth in the countrys electric
two-wheeler market is led by rising concerns
about vehicular pollution and increasing
government support with several initiatives
directed towards promoting the use of electric
two-wheelers across the country. Additionally,
increasing RD focus by leading companies to
develop technologically advanced products and
growing inclination of consumers towards electric
two- wheelers is further anticipated to boost
sales of electric two-wheelers across the country
during the forecast period. On the basis of
vehicle type, electric two-wheelers market is
broadly segmented into two categories, namely
scooter and motorcycle. In FY 2017, scooters
dominated the countrys electric two-wheeler
market with 100 market share. Rising adoption of
electric two-wheelers can be attributed to
increasing government support through several
subsidies under its FAME India scheme, which
supports faster adoption of electric
two-wheelers in the country. Among regions, North
region dominates India electric two-wheeler
market with the region accounting for nearly half
of the sales of electric two-wheelers in the
country in FY 2017. On the basis of battery type,
lead battery dominated the market in FY 2017 and
is expected to continue dominating during the
forecast period as well. However, the share of
Li-ion battery is expected to rise at a swift
pace owing to their high energy density and lower
power loss. Hero Electric Vehicles Pvt. Ltd. is
the market leader in India electric two-wheeler
market, predominantly on account of the
companys strong dealer and distribution network
across the country.
Demand for electric two-wheelers in India has
grown over the past few years, owing to the
constant efforts by the government to emphasize
on the need for clean vehicles due to
deteriorating air quality. To support its
efforts, the government has been providing
incentives on purchase of electric two-
wheelers, owing to various environmental benefits
associated with this vehicle segment. Moreover,
with an increasing number of consumers aligning
towards electric two-wheelers coupled with many
ongoing research and development projects in
pipeline by the major players, the unit sales of
electric two- wheelers are projected to grow at
a robust pace in the coming years, said Mr.
Karan Chechi, Research Director with TechSci
Research, a research based global management
consulting firm.
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TechSci Research
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S a m p l e D a t a - S n a p s h o t
Figure 11 India Electric Two-Wheeler Market
Size, By Value
Figure 12 India Electric Two-Wheeler Market
Share, By Vehicle
Type, By Volume, FY2013-FY2023F
(USD Million), By Volume (Thousand Units),
FY2013-FY2023F
90 90 90 90 90 90 90 90 90 90 90
CAGR FY2013-2017 By Value -xxx By Volume -xxx
CAGR FY2018E-FY2023F By Value xxx By Volume
xxx
10 10 10 10 10 10 10 10 10 10 10
30 30 30 30 30 30
10 1010 1010 1010 1010 10
10 10 10 10 10 10 FY18EFY19FFY20FFY21FFY22FFY23F
Volume (Thousand Unit)
FY13 FY14 FY15 FY16 FY17 FY18EFY19FFY20FFY21FFY22F
FY23F Scooter Motorcycle
FY13 FY14 FY15 FY16 FY17 Value (USD Million)
Figure 18 India Electric Two-Wheeler Market
Attractiveness Index, By Battery Capacity, By
Volume, FY2017-FY2023F
Scooter

India Electric Two-Wheeler Market (FY17)

xxx Thousand Units
2.50
xxx
Segmental Shares (FY2017)
2.00
lt25Ah
Motorcycle
CAGR (FY18E-FY23F)
1.50
xxx
1.00
gt25Ah
USD X Million India Electric Two-Wheeler Market,
By Value, FY17
0.50
0.00
0.00
0.50
1.00
1.50
Low
Medium High
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Source XXXXX Note These are dummy figures
please purchase our report for actual data
ASP USD xxx in FY17
TechSci Research
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R e p o r t O r d e r i n g
Report Name India Electric Two-Wheeler Market By
Vehicle Type, By Battery Capacity, By Battery
Type, Competition Forecast Opportunities,
FY2013-FY2023 Report Price
License Type Price
Electronic Access - Single User License 2700
CD-ROM Mail Delivery 3200
Hard Copy Mail Delivery 3700
Electronic Access - Multi-User License 5000
To View Sample OR Purchase Report
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A b o u t U s D i s c l a i m e r
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