India Electric Bikes Market Report 2022: Market to Expand by a CAGR of 48.75% During 2023-2027
Dublin, Feb. 08, 2023 (GLOBE NEWSWIRE) -- The "Electric Bikes Market in India 2022 - 2027" report has been added to ResearchAndMarkets.com'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.
Government initiatives:
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.
COVID-19 impact analysis:
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
9.1. Electrotherm (India) Limited
Company information
Business description
Products/services
Key people
Financial snapshot
Key business segments
Key geographical segments
Note: Financial data and segment-wise data is available for public companies only
9.2. Wardwizard Innovations & Mobility Limited
9.3. Ampere Vehicles Private Limited
9.4. Ather Energy Private Limited
9.5. Hero Electric Vehicles Private Limited
9.6. NDS Eco Motors Private Limited
9.7. Okinawa Autotech Private Limited
9.8. Ola Electric Mobility Private Limited
9.9. Tork Motors Private Limited
9.10. Tunwal E-Bike India Private Limited
Chapter 10: Recent developments
Chapter 11: Upcoming product launches in India
Chapter 12: Appendix
For more information about this report visit https://www.researchandmarkets.com/r/umrp1g-bikes?w=12
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