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The Indian two-wheeler market witnessed a significant decline in 2020 as a consequence of the COVID-19 pandemic resulting in several state-wise and national lockdowns in the country.
In India, two-wheelers primarily include motorcycles, mopeds, scooters and electric two wheelers. Some of the key factors driving the demand of two wheelers in India include its ease of manoeuvring through congested roads, lower carbon emissions, higher fuel efficiency, and providing an economical mode of transportation in comparison to three or four wheeled vehicles. Furthermore, rising urbanization, improving road infrastructure, and increasing number of women consumers are also catalyzing the demand of two wheelers in India.
The market, however, faces some challenges as well. Increasing work from home practice, which does not require people to commute to work may negatively impact demand over the next few years. Furthermore, increasing petrol prices in the country may also act as a constraint for market growth, particularly, in the entry level price sensitive category. Overall, we expect the Indian two-wheeler market to revive from 2021 onwards and exhibit moderate growth during 2021-2026.
IMARC Group provides an analysis of the key trends in each sub-segment of the India two wheeler market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, vehicle type and engine capacity.
Breakup by Vehicle Type:
Breakup by Engine Capacity:
Breakup by Region:
The competitive landscape of the industry has also been examined with some of the key players being Hero MotoCorp Ltd., Honda Motorcycle and Scooter India Pvt. Ltd, TVS Motor Company Limited, Bajaj Auto Ltd., Royal Enfield Ltd. India, Suzuki Motorcycle India Pvt. Ltd., Yamaha Motor India Pvt. Ltd., Triumph Motorcycles (India) Private Limited, BMW India Private Limited, Ducati India Private Limited, Ather Energy Pvt. Ltd., Revolt Motors, Lohia Auto Industries, Okinawa Autotech Pvt. Ltd and Ola Electric Mobility Pvt Ltd
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