As per MRFR analysis, the India Electric Bicycles Market Size was estimated at 3.11 (USD Billion) in 2024.The India Electric Bicycles Market Industry is expected to grow from 3.84(USD Billion) in 2025 to 10.57 (USD Billion) by 2035. The India Electric Bicycles Market CAGR (growth rate) is expected to be around 9.642% during the forecast period (2025 - 2035).
Key India Electric Bicycles Market Trends Highlighted
The India Electric Bicycles Market is experiencing significant growth driven by several market drivers. Rising urbanization and increased pollution levels in Indian cities are prompting consumers to seek eco-friendly transport solutions. Government initiatives aimed at promoting electric mobility, such as the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, are encouraging investments in electric bicycles. Additionally, the need for affordable and efficient last-mile connectivity is fostering the adoption of electric bicycles as a practical mode of transportation.Â
Opportunities abound in this market as there is a growing demand for innovative designs and advanced features in electric bicycles that cater to different consumer preferences.Manufacturers can explore partnerships with local artisans to create customized electric bicycles that resonate with the Indian culture and lifestyle. Furthermore, expanding product offerings to include variants suited for different terrains and purposes can capture a broader customer base.Â
Recent trends show an increasing acceptance of electric bicycles among various demographics, especially among young professionals and college students who prioritize convenience and sustainability. E-commerce sales channels are becoming a popular avenue for purchasing electric bicycles, enhancing accessibility for consumers. The rise of shared mobility solutions and bike-sharing platforms in urban areas is also contributing to the overall market growth.As awareness of environmental issues grows, consumers are actively seeking green alternatives, positioning electric bicycles as a suitable choice for sustainable transportation in India.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
India Electric Bicycles Market Drivers
Government Initiatives and Subsidies
The Indian government has been proactively promoting electric mobility, including electric bicycles, to combat pollution and reduce dependence on fossil fuels. The Faster Adoption and Manufacturing of Electric Vehicles scheme is one of the pivotal initiatives that incentivize the manufacturing and purchase of electric two-wheelers, including bicycles.Â
According to the Ministry of Heavy Industries and Public Enterprises, the Government of India aims to have 30% of all vehicles on the road to be electric by 2030.This ambitious target indicates a strong push towards electric mobility and reflects positively on the India Electric Bicycles Market Industry. Additionally, city-specific policies in regions like Delhi and Maharashtra have implemented significant rebates for electric vehicle buyers, which can further elevate the adoption rates of electric bicycles in urban areas. Such government policies not only support market growth but also set a framework for infrastructure development favorable to electric bicycles.
Increasing Urbanization
India is witnessing rapid urbanization, with the urban population projected to reach 600 million by 2031, according to the United Nations. This urban shift creates a significant demand for efficient and sustainable modes of transportation. As traffic congestion increases in cities, electric bicycles provide an appealing alternative for short-distance commuting due to their compact size and ease of use.Â
Moreover, cities like Bangalore and Mumbai are making lower carbon emissions a priority, making electric bicycles an attractive option for the environmentally conscious consumer.The Electric Bicycles Market in India is growing due to the increasing urbanization alongside a shift towards more environmentally friendly means of transportation.
Rising Fuel Prices and Environmental Awareness
With fuel prices on the rise, more consumers are seeking cost-effective alternatives for commuting. The average price of petrol in India has crossed INR 100 in many regions, prompting the need for more economical transport solutions.Â
Additionally, environmental awareness is gaining traction among Indian consumers, with reports suggesting that over 64% of urban Indians express concern about air quality, as per a recent survey by the Centre for Science and Environment.This awareness increasingly influences purchasing decisions, leading individuals to prefer electric bicycles over conventional vehicles. The confluence of rising costs and environmental consciousness propels the demand for the India Electric Bicycles Market Industry.
India Electric Bicycles Market Segment Insights
Electric Bicycles Market Type Insights
The India Electric Bicycles Market reveals significant insights when focusing on the Type segment, which includes various categories such as Pedal Assist/ Pedelecs, Power on Demand, and Pedal Assist with Power on Demand. Pedal Assist, also known as Pedelecs, is gaining traction due to its user-friendly nature, as it allows cyclists to engage in physical activity while receiving assistance from the electric motor, making it appealing for both commuting and leisure riding. This has led to a steady increase in adoption among health-conscious individuals who wish to maintain an active lifestyle, especially in urban areas where navigating through traffic can be challenging.
The Power on Demand option becomes essential in scenarios where users require immediate motor assistance without pedaling, particularly attractive for those who may be less physically able or who prefer a purely electric riding experience. This flexibility caters to a broader audience, enhancing accessibility and fostering a shift towards eco-friendly transport solutions. Furthermore, Pedal Assist with Power on Demand presents a hybrid approach, combining the health benefits associated with pedaling alongside the convenience of electric power when needed, thus catering to diverse user preferences and enhancing market appeal.
As India continues to promote initiatives for sustainable transportation and reducing carbon footprints, the inclusion of these types in the Electric Bicycles Market plays a vital role in shaping consumer behavior and fostering a culture of eco-conscious commuting. Each type segment contributes uniquely to the overall trend of electric mobility adoption, influenced by factors such as rising fuel prices, increasing environmental awareness, and the government’s push for sustainable transport solutions, further solidifying their importance in driving the India Electric Bicycles Market forward.The combination of market growth driven by government support and individual user preference for flexibility and sustainability makes these electric bicycle types a dynamic and critical part of India’s transportation landscape.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Electric Bicycles Market Battery Type Insights
The Battery Type segment of the India Electric Bicycles Market plays a crucial role in determining the performance and efficiency of electric bicycles. Two primary categories dominate the landscape: Sealed Lead Acid (SLA) and Lithium-Ion (Li-Ion) batteries. SLA batteries, known for their affordability, continue to hold a significant share due to their established manufacturing processes and reliability. However, Li-Ion batteries are gaining attention for their superior energy density, lightweight nature, and longer life span, making them increasingly favored among consumers and manufacturers alike.
The growing trend towards sustainable transportation solutions in India, driven by government initiatives and increasing urban congestion, is fueling demand for advanced battery technologies. India’s commitment to reducing carbon emissions further enhances the importance of these batteries in electric bicycles. As policymakers promote green mobility, both SLA and Li-Ion batteries will play vital roles; while SLA offers an economical alternative for entry-level models, Li-Ion batteries support the growth of high-performance e-bikes. Consequently, innovations and improvements in these battery technologies will significantly impact the overall growth dynamics and consumer preferences in the India Electric Bicycles Market.
Electric Bicycles Market Motor Type Insights
The Motor Type segment within the India Electric Bicycles Market plays a crucial role in defining performance characteristics and user experiences. This segment primarily includes Hub Motor and Mid Drive Electric motors, each catering to different consumer preferences and riding conditions. Hub motors, commonly situated in the wheel hub, provide a seamless ride, making them popular for urban commuting due to their simplicity and low maintenance requirements. On the other hand, Mid Drive Electric motors are favored for their superior torque and efficiency, particularly in hilly terrains, appealing to adventure cyclists and those requiring flexibility.
The growth of the electric bicycle sector in India is driven by increasing environmental awareness and government initiatives promoting green transportation. As urbanization accelerates, the demand for electric bicycles continues to rise, thus influencing India Electric Bicycles Market statistics and segmentation trends. Furthermore, innovation in battery technology is enhancing the performance and range of both motor types, creating more opportunities in the market. Overall, the Motor Type segment is vital for the evolving landscape of electric mobility in India, where consumers are showing a significant shift towards eco-friendly alternatives.
India Electric Bicycles Market Key Players and Competitive Insights
The India Electric Bicycles Market has been experiencing significant growth due to evolving consumer preferences, urban congestion, and an increasing focus on sustainable transportation solutions. As the market expands, several key competitors are vying for a share of this emerging sector. The competitive landscape involves not only traditional bicycle manufacturers but also automotive companies that are entering the market with innovative electric bicycle offerings. Strategic initiatives such as product diversification, technological innovations, and collaborations for enhanced distribution networks are becoming common strategies among these companies. The rise in governmental policies promoting electric vehicles is further amplifying this competitive dynamic, inviting both established players and new entrants to innovate and solidify their market positions.Â
EMentors has established a prominent presence in the India Electric Bicycles Market, leveraging its strong brand identity and commitment to quality. The company has effectively utilized its technological expertise to develop electric bicycles that cater to various segments of the market, from personal commuter models to cargo solutions. Its strengths lie in its robust research and development capabilities, leading to advancements in battery technology and motor efficiency, which ultimately enhance the consumer driving experience. EMentors consistently focuses on sustainability by offering eco-friendly products, thereby resonating with the environmentally conscious consumer base. Additionally, its strategic partnerships for distribution and service networks have amplified its reach across urban and rural areas alike, ensuring that its electric bicycles are accessible to a broader audience.
Lohia Auto has made significant inroads into the India Electric Bicycles Market with its innovative range of electric two-wheelers designed for both utility and leisure purposes. The company is known for its commitment to quality and engineering excellence, and it focuses on blending aesthetic appeal with functionality in its product designs. Lohia Auto's electric bicycles cater to varied customer needs, including personal use and commercial applications. The company's strengths are reflected in its expansive distribution network and efficient supply chain management, which enhances its product availability throughout India.Â
Furthermore, Lohia Auto has been proactive in forming strategic alliances and exploring potential mergers and acquisitions to strengthen its market position. Through these endeavors, it continuously seeks to integrate cutting-edge technology into its offerings while maintaining a strong emphasis on affordability and reliability, thereby solidifying its standing in the competitive landscape of electric bicycles in India.
Key Companies in the India Electric Bicycles Market Include:
India Electric Bicycles Market Industry Developments
The India Electric Bicycles Market has experienced significant growth, with several recent developments highlighting its dynamic nature. In September 2023, Hero Electric announced plans to expand its product line, aiming to capture a larger share of the market amid rising demand for eco-friendly transport solutions. Additionally, in August 2023, the Indian government reiterated its commitment to promoting electric mobility, emphasizing subsidies and incentives for manufacturers like Ather Energy and Bajaj Auto to bolster local production.Â
Merger and acquisition activity has been relatively limited in this sector; however, in July 2023, Ampere Vehicles acquired a smaller electric bicycle startup to enhance its technological capabilities. This reflects a broader trend of consolidation in the market as companies strive for innovation. In terms of market valuation, the sector is projected to reach significant milestones with a compound annual growth rate of over 15% from 2023 to 2026, highlighting the increasing transition towards electric mobility. In the past two to three years, investments have surged, with Lohia Auto and Nexzu Mobility launching new electric bicycle models that cater to a growing eco-conscious consumer base in the urban areas of India.
India Electric Bicycles Market Segmentation Insights
Electric Bicycles Market Type Outlook
Electric Bicycles Market Battery Type Outlook
Electric Bicycles Market Motor Type Outlook
Hub Motor
Mid Drive Electric
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 3.11(USD Billion) |
| MARKET SIZE 2024 | 3.84(USD Billion) |
| MARKET SIZE 2035 | 10.57(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 9.642% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | EMentors, Lohia Auto, Hero Cycles, Nexzu Mobility, Evolet India, Ampere Vehicles, Green Vehicles, Okinawa Autotech, Revolt Motors, Bajaj Auto, Ultraviolette Automotive, Ather Energy, Hero Electric, TVS Motor Company |
| SEGMENTS COVERED | Type, Battery Type, Motor Type |
| KEY MARKET OPPORTUNITIES | Urban congestion solutions, Government subsidies promotion, Rising environmental awareness, E-commerce delivery services, Growing health-conscious consumer base |
| KEY MARKET DYNAMICS | Growing urban congestion, Increasing environmental awareness, Government subsidies and incentives, Rising fuel prices, Advancements in battery technology |
| COUNTRIES COVERED | India |
Frequently Asked Questions (FAQ) :
The India Electric Bicycles Market is expected to be valued at 3.84 USD billion in 2024.
By 2035, the India Electric Bicycles Market is projected to reach a value of 10.57 USD billion.
The expected CAGR for the India Electric Bicycles Market from 2025 to 2035 is 9.642%.
In 2024, the Pedal Assist/ Pedelecs type is valued at 1.44 USD billion, making it the highest valued type.
The market value for Power on Demand electric bicycles is expected to be 3.25 USD billion in 2035.
Some of the major players include Hero Cycles, EMentors, Lohia Auto, and Ather Energy among others.
Challenges in the India Electric Bicycles Market include infrastructure limitations and competition from traditional bicycles.
The Pedal Assist with Power on Demand segment is expected to show significant growth during the forecast period.
The total market value across different types in 2024 is approximately 3.84 USD billion.
The India Electric Bicycles Market is poised for rapid growth compared to many global markets, driven by local initiatives and demand.
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