Electric Two-wheeler Motor Market in India by Vehicle Type and Product - Forecast and Analysis 2022-2026

The electric two-wheeler motor market share in India is expected to increase by 2446.03 thousand units from 2021 to 2026, and the market's growth momentum will decelerate at a CAGR of 32.28%.

This electric two-wheeler motor market in India research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers electric two-wheeler motor market segmentation in India by product (in-wheel motor and mid-drive motor) and vehicle type (e-scooter and e-motorcycle). The electric two-wheeler motor market in India report also offers information on several market vendors, including Compage Automation Systems Pvt. Ltd., Dana Inc., EMF Innovations Pte Ltd., Entuple E-Mobility Pvt. Ltd., Konmos Technologies Pvt. Ltd., Physics Motors Technology Pvt. Ltd., Rotomotive Powerdrives India Ltd., SONA BLW Precision Forgings Ltd., Tata Sons Pvt. Ltd., and TSUYO Manufacturing Pvt. Ltd. among others.

What will the Electric Two-wheeler Motor Market Size in India be During the Forecast Period?

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Electric Two-wheeler Motor Market in India: Key Drivers, Trends, and Challenges

The increasing sales of electric two-wheelers in India is notably driving the electric two-wheeler motor market growth in India, although factors such as lack of operational infrastructure in India may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electric two-wheeler motor market industry in India. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Electric Two-wheeler Motor Market Driver in India

One of the key factors driving growth in the electric two-wheeler motor market in India is the increasing sales of electric two-wheelers in India. The demand for electric two-wheelers in India is growing at a fast pace. Companies such as Ola Electric, Simple Energy, Bounce Infinity, Tork Motors and Ultraviolette have entered the electric two-wheeler market in India. The two-wheeler market witnessed a 132% jump in the sales of electric two-wheelers in India in 2021 as compared to 2020.  In 2021, the total number of electric two-wheelers sold in India were 2,33,977 as compared to 1,00,736   electric two-wheelers sold in 2020. The rising price of oil in the country is driving the demand for electric two-wheelers, which in turn is boosting the demand for electric two- wheeler motor market during the forecast period. 

Key Electric Two-wheeler Motor Market Trend in India

The growing movement of multi-speed transmission in electric two-wheelers is a electric two-wheeler motor market trend in India that is expected to have a positive impact in the coming years. Until 2016, most of the electric two-wheeler, were using single-speed transmission technology. However, certain drivetrain manufactures, such as Ather Energy, have plans to develop multi-gear transmission as the single-speed transmission does not perform equally well at low as well as high speeds. Moreover, the multi-gear transmission would deliver greater efficiency as compared with single gear transmission on the suburban driving and in highways. However, for city driving, the single or dual-speed transmission will suffice. EVs with multi-gear transmission technology will have increased vehicle range in terms of distance traveled on one charge. In addition, it will also help in reducing the battery pack size. It will even improve the low-speed pull away and the high-speed driving. All these benefits will lead the OEMs to the adoption of multi-gear transmission in electric two-wheelers.

Key Electric Two-wheeler Motor Market Challenge in India

The lack of operational infrastructure in India will be a major challenge for the electric two-wheeler motor market in India during the forecast period. The lack of proper road infrastructure in India hampers the wide-scale expansion of EV charging infrastructure, as the availability of electricity on roads and highways is essential to set up an EV charging station. Individuals and freight operators using electric two-wheeler vehicles for commercial purposes limit their operations to major cities because the operational infrastructure required for setting up an EV charging station is available mostly in major cities, not in tier-2 and tier-3 cities. Governing bodies are developing charging stations in their respective regions to promote the use of electric two-wheelers for commercial purposes. However, most of them are slow-charging stations that require a considerable amount of time for charging a vehicle, which dissuades the use of electric two-wheelers for commercial purposes due to high idle time wasted in charging the vehicles. The lack of operational infrastructure in tier 2 and tier 3 cities in India is hampering the overall growth of the electric two-wheelers in India, which in turn may impact the growth of the electric two-wheeler motor market in India.

This electric two-wheeler motor market in India analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the electric two-wheeler motor market in India as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the electric two-wheeler motor market in India during the forecast period.

Who are the Major Electric Two-wheeler Motor Market Vendors in India?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Compage Automation Systems Pvt. Ltd.
• Dana Inc.
• EMF Innovations Pte Ltd.
• Entuple E-Mobility Pvt. Ltd.
• Konmos Technologies Pvt. Ltd.
• Physics Motors Technology Pvt. Ltd.
• Rotomotive Powerdrives India Ltd.
• SONA BLW Precision Forgings Ltd.
• Tata Sons Pvt. Ltd.
• TSUYO Manufacturing Pvt. Ltd.

 

This statistical study of the electric two-wheeler motor market in India encompasses successful business strategies deployed by the key vendors. The electric two-wheeler motor market in India is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Dana Inc. - The company offers low- to high-voltage  IPM, SR, SRIPM and induction electric motors.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The electric two-wheeler motor market in India forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Electric Two-wheeler Motor Market in India Value Chain Analysis

Our report provides extensive information on the value chain analysis for the electric two-wheeler motor market in India, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the automotive components and accessories market includes the following core components:

• Inputs
• Operations
• Distribution and logistics
• Marketing and sales
• Service
• Industry innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

What are the Revenue-generating Product Segments in the Electric Two-wheeler Motor Market in India?

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The electric two-wheeler motor market share growth in India by the in-wheel motor segment will be significant during the forecast period. Hero Electric uses in-wheel drive motors in its offering. The demand for electric two-wheelers for in-city use is increasing, which is expected to boost the demand for in-wheel motors during the forecast period. Sona Comstar and  EMF Innovations Pte Ltd are the major vendors in India providing in-wheel drive motors.

This report provides an accurate prediction of the contribution of all the segments to the growth of the electric two-wheeler motor market size in India and actionable market insights on post COVID-19 impact on each segment.

 

Electric Two-wheeler Motor Market Scope in India
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 32.28%
Market growth 2022-2026	2446.03 th units
Market structure	Fragmented
YoY growth (%)	46.81
Regional analysis	India
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Compage Automation Systems Pvt. Ltd., Dana Inc., EMF Innovations Pte Ltd., Entuple E-Mobility Pvt. Ltd., Konmos Technologies Pvt. Ltd., Physics Motors Technology Pvt. Ltd., Rotomotive Powerdrives India Ltd., SONA BLW Precision Forgings Ltd., Tata Sons Pvt. Ltd., and TSUYO Manufacturing Pvt. Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Electric Two-wheeler Motor Market in India Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive electric two-wheeler motor market growth in India during the next five years
• Precise estimation of the electric two-wheeler motor market size in India and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the electric two-wheeler motor industry in India
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of electric two-wheeler motor market vendors in India

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