DUBLIN–(BUSINESS WIRE)–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.
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.
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
Chapter 10: Recent developments
10.1. Recent developments
Chapter 11: Upcoming product launches in India
11.1. Upcoming product launches in India
Chapter 12: Appendix
12.1. Research methodology
12.2. About the Publisher
12.3. Disclaimer
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/exauka
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Key takeaways:Upstock is a discount brokerage platform operated by SEBI-registered RKSV Securities India Pvt. Ltd.,…
Key takeaways:The US and Israel are reportedly drawing up plans to "resume attacks on Iran…
Key takeaways:Nifty found support at 22,600 in the Oct 23 trade setup reported by NDTV…
Key takeaways:A man in Kanpur, Uttar Pradesh, died after attackers trapped his hands in car…
Key takeaways:Chaar Yaar is a film streaming on Prime Video in which Purav Jha makes…
Key takeaways:Brandon Nakashima defeated Kyrian Jacquet in straight sets to advance to the Lyon 2026…