Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

India Overtakes China In Two-Wheeler Market

- Advertisement -

India is set to overtake China as the world’s largest two-wheeler market, with electric models making up over 25% of sales this year.

According to Counterpoint Research, the electric two-wheeler (E2W) segment is poised for substantial growth, with battery-powered 2Ws expected to comprise over 25% of sales this year.

The global two-wheeler (2W) market is predominantly concentrated in Asian countries, including China, India, Indonesia, Vietnam, and the Philippines. Notably, India is projected to surpass China this year to become the world’s largest 2W market.

- Advertisement -

This shift is driven by India’s robust economic growth, a high consumer preference for 2Ws for short-distance commutes, and increasing demand for 2Ws in the shared mobility space.


Despite a less than 1% year-on-year increase in 2W sales in 2023, the market is approaching maturity, with electrification expected to rise significantly, especially after 2025.

Senior analyst Soumen Mandal forecasts that Southeast Asian countries and India will see faster mainstream adoption of E2Ws.


India’s growing influence in the E2W sector is reflected by its presence among the top 10 E2W brands, including Ola Electric, TVS Motor, and Ather Energy.

Ola and Ather, as EV-first companies, are challenging established players like TVS, Hero, and Bajaj.

The premium 2W segment is also experiencing new entrants such as Ultraviolet, Revolt Motors, Energica Motor, Damon, and ARC Vehicle, competing with established brands like Harley Davidson and Yamaha.


Looking ahead, the electric E2W share of global 2W sales is expected to reach 44% by 2030, with cumulative E2W sales surpassing 150 million units between 2024 and 2030.

Research Vice President Neil Shah highlights that similar to the four-wheeler market, the 2W sector is increasingly embracing connectivity.

This transformation involves widespread network connectivity, such as 4G now and future 5G RedCap, along with related software and services.

By 2030, semiconductor consumption in 2Ws is anticipated to increase to 15%, reflecting the broader shift towards technologically advanced and connected vehicles.

- Advertisement -

Most Popular Articles

Cabinet Approves ₹109 Billion PM E-DRIVE Scheme

0
Against the expectations surrounding the FAME-III, the ₹109 billion PM E-DRIVE scheme will no longer E-cars and hybrid vehicles except ambulances. On Wednesday, the...

SEMI, IESA Unite To Boost Domestic Semiconductor Sector

0
Announcing a partnership at the SEMICON India event, IESA is set to represent SEMI in the domestic chip industry, besides maintaining its brand, to...

PM Modi Inaugurates SEMICON India 2024, Discusses India’s Potential

0
With already poured ₹1.5 trillion in the sector, Prime Minister Modi’s inaugural speech at the SEMICON India 2024 was all about India’s trail towards...

L&T Plans $300M For Fabless Chip Venture In India

0
Focusing on the automotive and industrial sector, Larsen & Toubro is on the way of establishing a $300 million fabless semiconductor firm in India,...

Honeywell Installs 1.4MWh Battery System To Decarbonise Lakshadweep

0
Aiming to reduce carbon emission in the Lakshadweep Islands, Honeywell has deployed a 1.4MWh battery storage system for Solar Energy Corporation’s project there, marking...
Pradeep Palelli co-founder and CEO of Thanos Technologies

“Drones Represent High Technology And Are High-Ticket Items” – Pradeep Palelli, Co-Founder and CEO...

0
Three thousand – not a nod to Iron Man's love for his daughter, but the annual production capacity of spraying agri-drones at Thanos Technologies’...
Ratul Borah, Founder & CEO, Elecnovo

“Our Patent Technologies Contribute To The Advancement Of EV Industry” – Ratul Borah, Founder...

0
During an interaction with Nitisha Dubey from EFY, Ratul Borah of Elecnovo Private Limited, talks about his patent technologies and future growth strategies… Q. Please...
Mukesh Vasani, CEO, Aimtron Group

“30-40% Of Our Operations Are Outside India, But We Are Working Towards Greater Self-Reliance”...

0
In a conversation with EFY’s Nitisha Dubey, Aimtron Group CEO Mukesh Vasani highlighted key manufacturing features and global expansion strategies. Q. What milestones mark Aimtron...

“Think E2W Market Is Crowded, Then Look At The E-Rickshaw Market!” – Gopal Jaidka,...

0
There are over 150 brands claiming to manufacture electric two-wheelers in India, with new ones continually entering the fray. Is this saturation, or is...

“We Aim To Create One Village-Level Drone Entrepreneur And One Agri-Entrepreneur Across India” –...

0
Being essential in agriculture, drone operation is not an amateur’s job. In a discussion with EFY’s Nitisha, Preet Sandhuu, Co-Founder of AVPL, discusses the...

Formula Racing Students Teams To PMSM Motors With 97% Efficiency

0
What can four students from Formula Racing teams accomplish? Why would they shift from creating an electric two-wheeler brand to tackling the rigorous B2B...

STMicroelectronics Joins RISC-V Startup Quintauris As Shareholder

0
To enhance RISC-V product development, STMicroelectronics has joined startup Quintauris as its sixth shareholder, which focuses on automotive and future mobile/IoT applications. Swiss semiconductor company...

Chip Design Startup BigEndian Receives $3M Investment

0
Eyeing expansion in engineering and R&D teams for security solutions, domestic fabless startup BigEndian has obtained a $3 million investment from Vertex Ventures SEA...

OLA’s AI Venture Krutrim To Release Silicon Chips

0
Ola’s Krutrim partners with Arm and Untether to manufacture AI silicon chips, with plans to integrate them into electric scooters. Krutrim, the AI startup founded...
Sharath Shyamasunder, Founder and CEO of The Startup Zone

“Unfortunately, Many Startups Are Not Aware Of The Policies”

0
Should startups funnel their funding and investments into their existing bank accounts, or is it wiser to open a separate one? What are the...

Industry's Buzz

Cabinet Approves ₹109 Billion PM E-DRIVE Scheme

0
Against the expectations surrounding the FAME-III, the ₹109 billion PM E-DRIVE scheme will no longer E-cars and hybrid vehicles except ambulances. On Wednesday, the...

SEMI, IESA Unite To Boost Domestic Semiconductor Sector

0
Announcing a partnership at the SEMICON India event, IESA is set to represent SEMI in the domestic chip industry, besides maintaining its brand, to...

PM Modi Inaugurates SEMICON India 2024, Discusses India’s Potential

0
With already poured ₹1.5 trillion in the sector, Prime Minister Modi’s inaugural speech at the SEMICON India 2024 was all about India’s trail towards...

L&T Plans $300M For Fabless Chip Venture In India

0
Focusing on the automotive and industrial sector, Larsen & Toubro is on the way of establishing a $300 million fabless semiconductor firm in India,...

Honeywell Installs 1.4MWh Battery System To Decarbonise Lakshadweep

0
Aiming to reduce carbon emission in the Lakshadweep Islands, Honeywell has deployed a 1.4MWh battery storage system for Solar Energy Corporation’s project there, marking...

Learn From Leaders

Pradeep Palelli co-founder and CEO of Thanos Technologies

“Drones Represent High Technology And Are High-Ticket Items” – Pradeep Palelli, Co-Founder and CEO...

0
Three thousand – not a nod to Iron Man's love for his daughter, but the annual production capacity of spraying agri-drones at Thanos Technologies’...
Ratul Borah, Founder & CEO, Elecnovo

“Our Patent Technologies Contribute To The Advancement Of EV Industry” – Ratul Borah, Founder...

0
During an interaction with Nitisha Dubey from EFY, Ratul Borah of Elecnovo Private Limited, talks about his patent technologies and future growth strategies… Q. Please...
Mukesh Vasani, CEO, Aimtron Group

“30-40% Of Our Operations Are Outside India, But We Are Working Towards Greater Self-Reliance”...

0
In a conversation with EFY’s Nitisha Dubey, Aimtron Group CEO Mukesh Vasani highlighted key manufacturing features and global expansion strategies. Q. What milestones mark Aimtron...

“Think E2W Market Is Crowded, Then Look At The E-Rickshaw Market!” – Gopal Jaidka,...

0
There are over 150 brands claiming to manufacture electric two-wheelers in India, with new ones continually entering the fray. Is this saturation, or is...

“We Aim To Create One Village-Level Drone Entrepreneur And One Agri-Entrepreneur Across India” –...

0
Being essential in agriculture, drone operation is not an amateur’s job. In a discussion with EFY’s Nitisha, Preet Sandhuu, Co-Founder of AVPL, discusses the...

Startups

Formula Racing Students Teams To PMSM Motors With 97% Efficiency

0
What can four students from Formula Racing teams accomplish? Why would they shift from creating an electric two-wheeler brand to tackling the rigorous B2B...

STMicroelectronics Joins RISC-V Startup Quintauris As Shareholder

0
To enhance RISC-V product development, STMicroelectronics has joined startup Quintauris as its sixth shareholder, which focuses on automotive and future mobile/IoT applications. Swiss semiconductor company...

Chip Design Startup BigEndian Receives $3M Investment

0
Eyeing expansion in engineering and R&D teams for security solutions, domestic fabless startup BigEndian has obtained a $3 million investment from Vertex Ventures SEA...

OLA’s AI Venture Krutrim To Release Silicon Chips

0
Ola’s Krutrim partners with Arm and Untether to manufacture AI silicon chips, with plans to integrate them into electric scooters. Krutrim, the AI startup founded...
Sharath Shyamasunder, Founder and CEO of The Startup Zone

“Unfortunately, Many Startups Are Not Aware Of The Policies”

0
Should startups funnel their funding and investments into their existing bank accounts, or is it wiser to open a separate one? What are the...