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Electric Bikes Market in India 2022 - 2027: Favourable Government Initiatives Bolster 48.75% Annual Growth -

PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.
December 20, 2022 GMT

DUBLIN--(BUSINESS WIRE)--Dec 20, 2022--

The “Electric Bikes Market in India 2022 - 2027” report has been added to’s offering.

Electric bikes have become a common mode of daily transport among urban office-goers and daily commuters. In FY 2022, 231,338 units of electric bikes were sold in India. It is expected to reach 2,464,750 units in FY 2027, expanding at a compound annual growth rate (CAGR) of ~48.75% during the FY 2023 - FY 2027 forecast period.

In April 2015, Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) was implemented by the Department of Heavy Industry in association with Society of Indian Automobile Manufacturers. The second phase of FAME is to support approximately 7000 e-buses, 500,000 e-3 wheelers, 55,000 e-4 wheeler passenger cars, and 1 million e-2 wheelers through subsidies. 2877 charging stations are being constructed at 68 locations as part of the Fame India scheme’s second phase, which will cost INR 5 Bn.


Before the COVID-19 outbreak, the demand for electric bikes was high, mainly driven by policy measures introduced by the government to encourage electrification of vehicles and reduce pollution. However, during the first lockdown period of April 2020 - June 2020, the sale volume of electric bikes declined by almost 55%. After the lockdown was eased, the impacts of the COVID-19 situation was still an issue for the public transportation sector, as the production units struggled to function at full capacity

Key Topics Covered:

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 2020 - FY 2027e)

4.2. Electric two wheelers’ production (September 2021 - September 2022)

4.3. Electric two wheelers’ penetration (September 2021 - September 2022)

4.4. PESTEL analysis

Chapter 5: Impact of COVID-19

5.1. COVID-19 impact analysis

Chapter 6: Trade Analysis

6.1. Trade Analysis

Chapter 7: Market influencers

7.1. Market drivers

7.2. Market challenges

Chapter 8: Government initiatives

8.1. Government initiatives

Chapter 9: Competitive landscape

Chapter 10: Recent developments


10.1. Recent developments

Chapter 11: Upcoming product launches in India

11.1. Upcoming product launches in India

Chapter 12: Appendix

12.1. Research methodology

12.2. About the Publisher

12.3. Disclaimer

Companies Mentioned

  • Electrotherm (India) Limited
  • Wardwizard Innovations & Mobility Limited
  • Ampere Vehicles Private Limited
  • Ather Energy Private Limited
  • Hero Electric Vehicles Private Limited
  • NDS Eco Motors Private Limited
  • Okinawa Autotech Private Limited
  • Ola Electric Mobility Private Limited
  • Tork Motors Private Limited
  • Tunwal E-Bike India Private Limited

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Laura Wood, Senior Press Manager


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SOURCE: Research and Markets

Copyright Business Wire 2022.

PUB: 12/20/2022 11:47 AM/DISC: 12/20/2022 11:47 AM