India Electric Scooters Market Overview:
The study
documents by MRFR state that the Indian
market for electric scooters Research Report Information by Voltage Type, Drive Type, Battery Type,
Range, Scooter Category, End-use, and Region - Forecast Till 2032, the Indian electric scooters market is likely to grow considerably
throughout the valuation period from 2022 to 2032 at a notable CAGR of nearly 33.25%.
The research reports provide predictions regarding the global market's rising
revenue data, which is anticipated to acquire a market worth of USD 13,089.0
million by the end of 2032. The reports also tell that the market will be worth
nearly USD 710.0 million in 2022. The
Indian market for electric scooters has recently advanced. The main feature
causing a rise in market performance is that e-mobility is becoming a
significant segment within the broader automotive industry.
Furthermore, the
rising environmental concern among people is also considered to be one of the
vital aspects causing a surge in the performance of the regional market.
Moreover, aspects such as government incentives, a diverse range of available
models, and cost-effectiveness are also likely to enhance the growth of the
regional market. Growing awareness and concerns about environmental
sustainability have caused consumers and policymakers to look out for cleaner
substitutes for conventional gasoline-powered vehicles.
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Brochure of India Electric Scooters Market
Competitive
Analysis
·
Hero Electric Vehicles Pvt Ltd
·
Greaves
Electric Mobility Private Limited (Ampere Vehicles Pte. Ltd.)
·
Electrotherm
Ltd
·
Ola
Electric Technologies Pvt LTD.
·
Avon
Cycles Ltd
·
Lohia
Auto
·
Benling
India Energy and Technology Pvt Ltd
·
Crayon
Motors
·
Okinawa
Autotech Pvt. Ltd
·
Kabira
Mobility
·
TVS
Motor Co. Ltd
·
Ather
Energy
·
Bajaj
Auto Ltd.
·
Gogoro
·
Ather
Energy Pvt. Ltd.
·
Aftek
Motors India Pvt Ltd
·
Mahindra
Electric
·
Benling
India
India Electric Scooter Market Drivers
The Indian market for electric scooters has
recently advanced. The main feature causing a rise in market performance
is that e-mobility is becoming a significant segment within the broader
automotive industry. Furthermore, the rising environmental concern among people
is also considered to be one of the vital aspects causing a surge in the
performance of the regional market. Moreover, aspects such as government
incentives, a diverse range of available models, and cost-effectiveness are
also likely to enhance the growth of the regional market. Growing awareness and
concerns about environmental sustainability have caused consumers and
policymakers to look out for cleaner substitutes for conventional
gasoline-powered vehicles.
India Electric Scooter Market
Restraints
However, several
parameters may impede the performance of the Indian market for electric scooters. One of the main parameters
limiting the development of the market's development is the elevated prices allied
with raw materials.
India Electric Scooter Segment
Analysis
The Indian market for electric scooters has
been segregated into various segments based on drive type, scooter category,
range, end-user, voltage type, battery type, and region.
Based on the
battery type, the Indian market for electric scooters is divided into Nickel
Metal Hydride Batteries (NiMH), Li-ion., and Lead Acid.
Based on the
voltage type, the Indian market for electric scooters is divided into Above
96V, 73-96V, 60-72V, and 48-59V.
Based on the
drive type, the Indian market for electric scooters is divided into Hub Motor
and Belt Drive.
Based on the
end-users, the Indian market for electric scooters is divided into Commercial
and Private Fleets.
Based on the
range, the Indian market for electric scooters is divided into above 100 km,
50-100 km, and Up to 50 km.
Based on the
scooter category, the Indian market for electric scooters is divided into
budget and premium.
India Electric Scooter Market Regional
Analysis
The Indian market for electric scooters has
recently advanced. The main feature causing a rise in market performance
is that e-mobility is becoming a significant segment within the broader
automotive industry. Furthermore, the rising environmental concern among people
is also considered to be one of the vital aspects causing a surge in the
performance of the regional market. Moreover, aspects such as government
incentives, a diverse range of available models, and cost-effectiveness are
also likely to enhance the growth of the regional market. Growing awareness and
concerns about environmental sustainability have caused consumers and
policymakers to look out for cleaner substitutes for conventional
gasoline-powered vehicles. In addition, the Urban mobility solutions and Rapid
Adoption of Electric Scooters are also likely to catalyze the growth of the
regional market over the coming years.
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