E-Bike Market Size in India to Reach USD 3,000.5 Million by 2033 | Expanding at 8.70% CAGR

According to IMARC Group’s report titled "India E-Bike Market Size, Share, Trends and Forecast by Propulsion Type, Battery Type, Power, Application, and Region, 2025-2033" the report offers a comprehensive analysis of the industry, including market share, growth, trends, and regional insights.

India E-bike Market Overview

The E-bike market size in India reached USD 1,302.9 Million in 2024 and is expected to reach USD 3,000.5 Million by 2033, exhibiting a CAGR of 8.70% during the forecast period of 2025-2033.

The growth is driven by rising fuel prices, environmental concerns, government incentives, expanding urbanization, and advancements in battery technology. The market benefits from heightened health awareness and investments in charging infrastructure.

India E-bike Market Key Takeaways

• Current Market Size: USD 1,302.9 Million (2024)
• CAGR: 8.70%
• Forecast Period: 2025-2033
• North India dominated the market in 2024 based on region.
• Throttle-assisted propulsion was the largest segment in 2024.
• Lithium-ion batteries held the largest market share among battery types in 2024.
• City and urban applications accounted for the largest share in 2024.
• Market growth is supported by increased EV charging stations, government incentives, and a surge in last-mile delivery demand.

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India E-bike Market Growth Factors

• Rising fuel prices have made petrol-powered two-wheelers less economically viable, boosting e-bike adoption.
• Increasing environmental concerns and government policies promote the shift to electric mobility.
• Expanding urbanization and rising income levels drive increased electric two-wheeler sales.
• Advancements in battery technology enhance range, charging speed, and durability.
• Growing awareness of health and fitness benefits encourages e-bike use.
• Improved charging infrastructure, including IoT-enabled stations, supports market expansion.
• Corporate investments in green mobility and e-commerce foster last-mile delivery demand.
• Government incentives, such as subsidies, tax exemptions, and regulatory standards, reduce acquisition costs and boost market penetration.
• Introduction of smart monitoring systems (SEMS) in e-bikes enhances user experience and product appeal.

Top Companies Contributing in India E-bike Market:

• Elecson
• EMotorad (Inkodop Technologies Private Limited)
• Hero Lectro E-Cycles
• Lekeamp
• Ninety One Cycles
• SK Ebicycle LLP
• Stryder Cycle Pvt Ltd
• Toutche Electric
• Virtus Motors Private Limited
• Voltebyk
• Voltrix Mobility Private Limited

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India E-bike Market Trends

• Growth driven by increasingly expensive traditional fuel sources making e-bikes a cost-effective alternative.
• Rising acceptance of shared micro-mobility services in crowded urban areas integrates e-bikes for last-mile connectivity.
• Technological enhancements in motor efficiency and battery performance improve practicality.
• Pedal-assisted e-bikes gain popularity due to extended travel ranges and reduced rider fatigue.
• Government financial incentives and tax benefits increase consumer accessibility.
• Infrastructure development, including IoT-based charging stations, strengthens the electric vehicle ecosystem.
• Emphasis on local manufacturing and production-linked incentives fosters market growth.
• Integration of connected features such as remote diagnostics, navigation, and anti-theft systems promotes market expansion.
• Ongoing launch of diverse e-bike models (folding, cruiser, mountain, commuter) widens consumer choices.

India E-bike Market Segmentation

• Propulsion Type:
• Pedal Assisted: E-bikes powered by motor with rider pedaling assistance.
• Throttle-Assisted: E-bikes powered by motor with throttle control; largest market segment.
• Battery Type:
• Lithium-Ion Battery: Dominant battery type offering better performance and durability.
• Lead-Acid Battery: Traditional battery type with lesser market share.
• Power:
• Less Than and Equal to 250W: E-bikes with motor power up to 250 watts.
• Above 250W: Higher power motor e-bikes for enhanced performance.
• Application:
• City and Urban: Largest application segment for daily commuting.
• Trekking: E-bikes designed for off-road and adventure use.
• Cargo: Specialized e-bikes for transporting goods.

Regional Insights

• North India
• West and Central India
• South India
• East India

The North India region dominated the market in 2024, supported by the highest market share and strong growth factors such as increasing EV charging stations, product innovations, and advanced technologies. The market across these regions is expected to grow at a CAGR of 8.70% during 2025-2033.

Recent Developments & News:

• July 2025: Ahmedabad-based Matter Motor Works began deliveries of its first geared e-bike, the AERA, expanding with plans for up to 60 dealerships nationally, including 20 in South India, driving market growth.
• June 2025: Chennai-based startup Raptee.HV commercially launched T30, India's first high-voltage electric motorcycle, priced at INR 2.39 Lakh with 8-year battery warranty and 8,000+ pre-bookings.
• February 2025: Ola Electric launched Roadster X+ premium electric motorcycle with variants priced between INR 1.05 Lakh to INR 1.55 Lakh, featuring advanced connected technology and extended range.
• January 2025: Oben Electric announced plans for a 100cc-equivalent electric motorcycle targeting mass-market commuters, expanding its distribution network with 50+ new points by March 2025.

Key Highlights of the Report:

• Comprehensive analysis of market size, share, trends, and forecasts from 2025 to 2033.
• Detailed segmentation by propulsion type, battery type, power, application, and regional insights.
• Competitive landscape profiling major players.
• Assessment of government policies and incentives impacting market growth.
• Insights on technological advancements and consumer behavior.

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