E-Bike Market in India Research Report and Industry Forecast

India E-Bike Market Size and Share:

The India E-bike market size reached USD 1,302.9 Million in 2024. The market is expected to reach USD 3,000.5 Million by 2033, exhibiting a growth rate (CAGR) of 8.70% during 2025-2033. The market growth is attributed to rising fuel prices, increasing environmental concerns, favorable government incentives, expanding urbanization, growing demand for cost-effective mobility, advancements in battery technology, heightened awareness of personal health and fitness, improved charging infrastructure, corporate investments in green mobility, and a surge in last-mile delivery services.

Market Insights:

• Based on region, North India dominated the market in 2024.
• On the basis of propulsion type, throttle-assisted represented the largest segment in 2024.
• Based on battery type, lithium-ion battery accounted for the largest market share in 2024.
• On the basis of power, the market is categorized as less than and equal to 250W and above 250W.
• Based on application, city and urban accounted for the largest market share in 2024.

Market Size and Forecast:

• 2024 Market Size: USD 1,302.9 Million
• 2033 Projected Market Size: USD 3,000.5 Million
• CAGR (2025-2033): 8.70%  
• North India: Largest Region in 2024

An electric bike (e-bike) is a bicycle powered by an electric motor and rechargeable batteries. It also comprises throttles, a display, pedals, sensors, and a motor controller. It is easy to ride and provides an economical alternative to motored vehicles as an environment-friendly means of transportation. It aids in improving cardiovascular health, promoting weight management, enhancing muscle tone, and boosting the immune system. It also reduces traffic congestion on highways and roads by allowing individuals to ride through sidewalks and bike lanes. It provides higher shelf life, enables users to travel uphill, and covers distances effortlessly. At present, key players operating in India are launching folding, cruiser, urban, mountain, snow, and commuter variants to expand their product portfolio.

The increasing sales of electric two-wheeler vehicles like e-bikes on account of rapid urbanization and inflating income levels of individuals represent one of the major factors propelling the India E-bike market growth. Moreover, due to rising environmental concerns, the Government of India (GoI) is implementing regulations to encourage the use of e-bikes and reduce the carbon footprint. This, coupled with the inflating prices of petrol and the growing demand for fuel-efficient and high-performance vehicles, and increasing awareness about the economic and ecological benefits of adopting EVs, is influencing the market positively. In addition, the increasing number of EV charging stations is driving the sales of e-bikes in India. These EV charging stations are integrated with advanced technologies, including the Internet of Things (IoT), to assist users in locating the nearby charging stations and available vacant spots and scheduling convenient slots for fill-ups. Apart from this, the rising adoption of electric two-wheelers by logistics enterprises to offer quick and convenient postal and delivery services and the thriving e-commerce sector is augmenting the India E-Bike market share. Furthermore, key players are introducing mobile applications with smart e-bike monitoring systems (SEMS) to help track fitness and provide information in real time on smartphones. This, coupled with the growing investments in promotional activities, such as celebrity endorsements, to improve the existing sales and profitability, is creating a positive outlook for the market in the country.

India E-Bike Market Trends:

Growth Drivers Accelerating E-Bike Adoption in India

The growth of the e-bike market in India is shaped by the continued increase in fuel prices, which has made traditional petrol-powered two-wheelers less economically viable for many consumers. As a result, there is a noticeable shift towards electric alternatives that offer lower running costs. Moreover, urban transport preferences are changing, with shared micro-mobility services gaining traction in densely populated cities. Also, the integration of e-bikes into these services enhances last-mile connectivity while offering a sustainable transport solution. In addition to this, technological advancements are further supporting this transition and enhancing India E-Bike market outlook. Improvements in battery technology have led to better range, faster charging times, and increased durability. Similarly, motor systems have become more efficient and reliable, making e-bikes a practical option for daily use. Among various models, pedal-assisted e-bikes have gained preference due to their ability to extend travel range and reduce rider fatigue, especially in urban commuting scenarios.

Increasing Government Support and Incentives

Government policies in India play an important role in accelerating the adoption of e-bikes. Central and state-level schemes have introduced financial incentives that reduce the cost burden on consumers. These incentives include subsidies based on battery capacity, along with tax exemptions and registration fee waivers. Such measures are intended to improve accessibility and encourage a shift away from conventional fuel-based vehicles. Also, as per the India E-Bike market forecast, the reduction in initial acquisition costs through policy support is expected to enhance the appeal of electric bicycles across a broader consumer base. Beyond financial support, the government is also working to strengthen the electric vehicle ecosystem. This includes setting regulatory standards for battery safety, promoting local manufacturing through production-linked incentives, and investing in infrastructure such as charging stations. These combined efforts contribute to building user confidence and establishing long-term market stability. The clear policy direction indicates a strategic commitment to electric mobility, with e-bikes positioned as a key element in the broader transportation landscape.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India E-bike market report, along with forecasts at the country and regional level from 2025-2033. Our report has categorized the market based on propulsion type, battery type, power and application.

Propulsion Type Insights:

• Pedal Assisted
• Throttle-Assisted

The report has provided a detailed breakup and analysis of the e-bike market based on the propulsion type. This includes pedal assisted and throttle-assisted. According to India E-Bike market analysis, throttle-assisted represented the largest segment.

Battery Type Insights:

• Lithium-Ion Battery
• Lead-Acid Battery

A detailed breakup and analysis of the e-bike market based on the battery type has also been provided in the report. This includes lithium-ion battery and lead-acid battery. According to the report, lithium-ion battery accounted for the largest market share.

Power Insights:

• Less Than and Equal to 250W
• Above 250W

The report has provided a detailed breakup and analysis of the e-bike market based on the propulsion type. This includes less than and equal to 250W and above 250W.

Application Insights:

• City and Urban
• Trekking
• Cargo

A detailed breakup and analysis of the e-bike market based on the application has also been provided in the report. This includes city and urban, trekking, and cargo. According to the report, city and urban accounted for the largest market share.

Regional Insights:

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

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, West and Central India, South India, and East India. According to the report, North India was the largest market for e-bike. Some of the factors driving the North India e-bike market included the increasing number of EV charging stations, product innovations, advanced technologies, etc.

Competitive Landscape:

The report provides a comprehensive analysis of the competitive landscape in the India E-bike market with detailed profiles of all major companies, including:

• 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

Latest News and Developments:

• July 2025: Ahmedabad‑based Matter Motor Works plans to launch one new electric motorcycle model each year over the next three years as part of its volume expansion strategy. The company has begun deliveries of its first geared e‑bike, the AERA, which took nearly six years to develop and initially rolled out in Ahmedabad before expanding nationally with up to 60 dealerships planned by the end of fiscal 2026, 20 of which are expected in South India. This is expected to expand the e-bike market size in India.
• June 2025: Chennai-based EV startup Raptee. HV announced the commercial rollout of the T30, India’s first high‑voltage electric motorcycle, featuring a proprietary Linux-based operating system tailored for two‑wheelers. Priced at INR 2.39 Lakh (ex‑showroom) with a battery warranty of eight years or 80,000 km, the model has already secured more than 8,000 advance bookings, with deliveries slated to begin in the first quarter of fiscal 2025‑26, initially in Chennai and Bengaluru.
• February 2025: Ola Electric officially launched the Roadster X+, the premium variant in its electric motorcycle lineup, with an ex‑showroom starting price of INR 1.05 Lakh for the 4.5 kWh battery version and INR 1.55 Lakh for the longer-range 9.1 kWh variant in Delhi. The 4.5 kWh model offers a certified IDC range of 252 km, while the higher‑capacity version delivers up to 501 km per charge, both powered by an 11 kW motor with a top speed capped at 125 km/h. Standard features include cruise control, three ride modes (Eco, Normal, Sport), a 4.3‑inch connected LCD dash, regenerative braking, reverse mode, tyre‑pressure and geo‑theft alerts, and OTA updates.
• January 2025: Oben Electric announced plans to launch a 100cc-equivalent electric motorcycle aimed at India’s mass-market commuter segment. The new model will be priced below the company’s existing Rorr EZ offering, aligning with its top-down product strategy to broaden its reach in the electric two-wheeler space. To support this initiative, Oben Electric will expand its distribution network with over 50 new touchpoints by March 2025.

Report Coverage: