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India E-bike Market Size

The India E-bike Market is poised for significant growth, driven by the increasing adoption of e-bikes as a preferred mode of transportation due to their eco-friendliness and cost-effectiveness. The market's expansion is supported by government initiatives aimed at reducing automotive pollution, advancements in charging infrastructure, and the growing availability of e-bikes through various sales channels. Additionally, investments in research and development by key market players to enhance product quality and battery technology are further propelling the market's growth trajectory.

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Market Size of india e-bike Industry

India E-bike Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 27.00 Million
svg icon Market Size (2029) USD 60.93 Million
svg icon Largest Share by Propulsion Type Pedal Assisted
svg icon CAGR (2024 - 2029) 17.68 %
svg icon Fastest Growing by Propulsion Type Speed Pedelec
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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India E-bike Market Analysis

The India E-bike Market size is estimated at 27.00 million USD in 2024, and is expected to reach 60.93 million USD by 2029, growing at a CAGR of 17.68% during the forecast period (2024-2029).

27.00 Million

Market Size in 2024 (USD)

60.93 Million

Market Size in 2029 (USD)

24.97 %

CAGR (2017-2023)

17.68 %

CAGR (2024-2029)

Largest Segment by Propulsion Type

82.23 %

value share, Pedal Assisted, 2023

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Easy affordability, no fuel cost, high commuting, and maintaining health are the factors contributing to the growth of the pedal-assisted segment.

Largest Segment by Application Type

79.16 %

value share, City/Urban, 2023

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High usage of bicycles by students and wage workers for daily commuting and benefits such as time-saving and cheap maintenance are the factors responsible for the growth of city/urban bikes.

Largest Segment by Battery Type

86.78 %

value share, Lithium-ion Battery, 2023

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Extended range, quick charging capability, long running life, and declining prices gradually are the factors responsible for the higher usage of lithium batteries.

Fastest-Growing Segment by Propulsion Type

21.76 %

Projected CAGR, Speed Pedelec, 2024-2029

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The speed pedelecs segment is growing rapidly due to consumers鈥� increasing interest in speedy bikes for various purposes, such as long-distance travel and adventure rides.

Leading Market Player

23.35 %

market share, Hero Cycles Limited, 2022

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Domestic production, brand awareness among people, strong customer belief, and good customer support have made Hero the largest player in India.

PROPULSION SEGMENT MARKET OVERVIEW

  • E-bikes have the potential to become India's best means of mobility. They are also an excellent means of transportation since they mix the convenience of a car with the excitement of riding, making them especially useful for recreational activities. Speed pedelec is expected to soon become the most practical pedal-assist bicycle alternative for shorter distances. As India's power and speed capabilities develop over the next years, people may gravitate toward the speed pedelec category. Similarly, the increasing popularity of throttle-assisted e-bikes, which transmit power directly to the motor without the need for manual pedaling, could be attributed to the segment's expansion.
  • E-bikes are an eco-friendly option than traditional two-wheelers because they emit less carbon into the atmosphere. Many initiatives taken by the Indian government to decrease automotive pollution are boosting the growth of the market. The rising popularity of e-bikes is benefiting the sector due to lower ownership and maintenance costs. Advancements in charging infrastructure and India's expanding car sector provide end customers with attractive development opportunities.
  • The increased availability of e-bikes through online and offline outlets is driving e-bike sales across the country. Key market organizations operating in India are investing extensively in R&D projects to increase product quality. They also focus on refining battery technology, combining lightweight materials, and investing in advertising campaigns to increase overall sales. As a result of these initiatives, the market is projected to expand, which may fuel the growth of electric bicycles in India in the next few years.
India E-bike Market

India E-bike Industry Segmentation

Pedal Assisted, Speed Pedelec, Throttle Assisted are covered as segments by Propulsion Type. Cargo/Utility, City/Urban, Trekking are covered as segments by Application Type. Lead Acid Battery, Lithium-ion Battery, Others are covered as segments by Battery Type.

  • E-bikes have the potential to become India's best means of mobility. They are also an excellent means of transportation since they mix the convenience of a car with the excitement of riding, making them especially useful for recreational activities. Speed pedelec is expected to soon become the most practical pedal-assist bicycle alternative for shorter distances. As India's power and speed capabilities develop over the next years, people may gravitate toward the speed pedelec category. Similarly, the increasing popularity of throttle-assisted e-bikes, which transmit power directly to the motor without the need for manual pedaling, could be attributed to the segment's expansion.
  • E-bikes are an eco-friendly option than traditional two-wheelers because they emit less carbon into the atmosphere. Many initiatives taken by the Indian government to decrease automotive pollution are boosting the growth of the market. The rising popularity of e-bikes is benefiting the sector due to lower ownership and maintenance costs. Advancements in charging infrastructure and India's expanding car sector provide end customers with attractive development opportunities.
  • The increased availability of e-bikes through online and offline outlets is driving e-bike sales across the country. Key market organizations operating in India are investing extensively in R&D projects to increase product quality. They also focus on refining battery technology, combining lightweight materials, and investing in advertising campaigns to increase overall sales. As a result of these initiatives, the market is projected to expand, which may fuel the growth of electric bicycles in India in the next few years.
Propulsion Type
Pedal Assisted
Speed Pedelec
Throttle Assisted
Application Type
Cargo/Utility
City/Urban
Trekking
Battery Type
Lead Acid Battery
Lithium-ion Battery
Others
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India E-bike Market Size Summary

The India e-bike market is poised for significant growth, driven by a combination of factors that enhance its appeal as a modern transportation solution. E-bikes offer a blend of convenience and excitement, making them an attractive alternative to traditional vehicles. The market is witnessing a shift towards speed pedelecs and throttle-assisted e-bikes, which cater to the evolving preferences of consumers seeking efficient and eco-friendly transportation options. Government initiatives aimed at reducing automotive pollution are further propelling the market, alongside advancements in charging infrastructure and the expanding automotive sector. The increasing availability of e-bikes through both online and offline channels is also contributing to the surge in sales, as key players invest in research and development to enhance product quality and battery technology.

The adoption of e-bikes in India has been accelerated by various socio-economic factors, including rising fuel costs, lower maintenance expenses, and heightened public awareness of health benefits associated with cycling. The COVID-19 pandemic played a pivotal role in boosting e-bike adoption, as consumers sought alternatives to public transportation to maintain social distancing. This shift in commuting habits has led to a growing bicycle culture, with more individuals opting for e-bikes for daily commutes and recreational activities. Despite the fragmented nature of the market, with major players like Alpha Vector, Cultsport, EMotorad, Hero Cycles Limited, and Tru E Bikes Pvt. Ltd. leading the charge, the sector is expected to continue its upward trajectory. The introduction of advanced e-bike features and the expansion of retail outlets are set to further enhance market penetration and consumer adoption in the coming years.

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India E-bike Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Propulsion Type

      1. 1.1.1 Pedal Assisted

      2. 1.1.2 Speed Pedelec

      3. 1.1.3 Throttle Assisted

    2. 1.2 Application Type

      1. 1.2.1 Cargo/Utility

      2. 1.2.2 City/Urban

      3. 1.2.3 Trekking

    3. 1.3 Battery Type

      1. 1.3.1 Lead Acid Battery

      2. 1.3.2 Lithium-ion Battery

      3. 1.3.3 Others

India E-bike Market Size FAQs

The India E-bike Market size is expected to reach USD 27.00 million in 2024 and grow at a CAGR of 17.68% to reach USD 60.93 million by 2029.

In 2024, the India E-bike Market size is expected to reach USD 27.00 million.

India E-Bike Market Report Snapshots

India E-bike Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

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