The India micro-mobility market size reached USD 2.21 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 8.28 Billion by 2033, exhibiting a growth rate (CAGR) of 14.63% during 2025-2033. The market is expanding due to rising urban congestion, government incentives and increasing adoption of electric two-wheelers. Moreover, rising traction of subscription-based and shared mobility models and growing demand in metro and Tier-2 cities is also contributing positively to the India micro-mobility market growth.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 2.21 Billion |
Market Forecast in 2033 | USD 8.28 Billion |
Market Growth Rate (2025-2033) | 14.63% |
Rise of Subscription-Based Models
Subscription-based models are reshaping the India micro-mobility market by offering consumers cost-effective and flexible transportation options. Companies are introducing monthly, weekly, and pay-per-use rental plans for electric scooters and bicycles, eliminating the need for ownership while ensuring easy access to mobility. These models appeal to urban commuters looking for affordable and hassle-free alternatives to traditional vehicles. Zero-deposit, EMI-based plans, and maintenance-inclusive packages further enhance their attractiveness. Startups like Yulu, Bounce, and Rentkar are expanding their fleets to cater to this rising demand. For instance, in July 2024, Rentkar announced its plans to deploy 1,000 electric scooters with a zero-commitment, easy-service subscription model starting at Rs 3,990 per month. Customers can exchange scooters within 2 hours, ensuring reliable transportation without the downsides of ownership. This innovative model appeals to those seeking flexibility and cost-efficiency in the evolving EV market. The convenience of app-based bookings, coupled with widespread availability in metro cities, is driving adoption. Businesses are also integrating these solutions for employee mobility, reducing operational costs and carbon footprints. With increasing urbanization and government incentives promoting electric vehicle adoption, subscription-based micro-mobility is set to gain a larger India micro-mobility market share in the coming years.
Government Push for Electric Vehicles (EVs)
The Indian government is actively promoting electric vehicle (EV) adoption through initiatives like the Faster Adoption and Manufacturing of Electric Vehicles (FAME II) scheme and state-level incentives. FAME II provides subsidies on electric two-wheelers, reducing their upfront cost and making them more accessible to urban commuters. Additionally, several states, including Maharashtra, Delhi, and Tamil Nadu, offer tax exemptions, registration fee waivers, and direct purchase incentives to accelerate EV penetration. In addition to FAME II and state-level incentives, the Indian government has introduced new initiatives to further accelerate EV adoption. The PM E-DRIVE Scheme, launched on October 1, 2024, with a budget of Rs. 10,900 Crore, aims to boost electric vehicle sales, targeting 24.79 lakh e-2Ws and 3.2 lakh e-3Ws. It includes Rs. 500 Crore for e-ambulances, Rs. 500 Crore for e-trucks, and Rs. 4,391 Crore for 14,028 e-buses. These policies are boosting demand for electric scooters and bicycles, directly impacting the micro-mobility segment. Furthermore, the government’s push for charging infrastructure development and battery-swapping networks is enhancing convenience and range confidence among users. With rising fuel prices and stricter emission norms, businesses and consumers are increasingly shifting towards EV-based shared mobility solutions. This strong regulatory support is shaping a positive India micro-mobility market outlook, driving sustainable urban transport growth.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on type, propulsion type, sharing type, speed, age group and ownership.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes bicycles, e-bike, e-kick scooters and others.
Propulsion Type Insights:
A detailed breakup and analysis of the market based on the propulsion type have also been provided in the report. This includes manual, electrically-powered and hybrid.
Sharing Type Insights:
A detailed breakup and analysis of the market based on the sharing type have also been provided in the report. This includes docked and dock-less.
Speed Insights:
A detailed breakup and analysis of the market based on the speed have also been provided in the report. This includes less than 25 kmph and above 25 kmph.
Age Group Insights:
A detailed breakup and analysis of the market based on the age group have also been provided in the report. This includes 15-34, 35-54 and 55 and above.
Ownership Insights:
A detailed breakup and analysis of the market based on the ownership have also been provided in the report. This includes business-to-business (B2B), business-to-consumer (B2C).
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Types Covered | Bicycles, E-Bike, E-Kick Scooters, Others |
Propulsion Types Covered | Manual, Electrically-Powered, Hybrid |
Sharing Types Covered | Docked, Dock-Less |
Speeds Covered | Less than 25 Kmph, Above 25 Kmph |
Age Groups Covered | 15-34, 35-54, 55 and Above |
Ownerships Covered | Business-To-Business (B2B), Business-To-Consumer (B2C) |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: