Automotive Industry
The India two wheeler market size reached 21.4 Million Units in 2023. As per the analysis by IMARC Group, the leading companies in the India two wheeler market are focusing on improving their products to expand their product portfolio and improve the existing sales. They are introducing electric and hybrid two wheelers that can provide better fuel economy and reduced emissions. Key players are also integrating connected technologies, such as a global positioning system (GPS), Bluetooth, and Wi-Fi connectivity in two wheelers, which makes them more intelligent and interactive. Moreover, leading players are incorporating advanced safety features, including anti-lock braking systems (ABS), traction control systems, and airbags in two wheeler vehicles to reduce the risk of accidents and improve rider safety. These safety features help prevent the wheels from locking during hard braking, enable riders to maintain control, and reduce the chances of a skid or fall. Looking forward, the market volume is expected to reach 86.4 Million Units by 2032, exhibiting a growth rate (CAGR) of 16.29% during 2024-2032.
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The India two wheeler market has several major players including Bajaj Auto Limited, Hero MotoCorp Ltd., Honda Motorcycle & Scooter India Pvt. Ltd., Maruti Suzuki India Limited, and TVS Motor Company. More information about these companies has been provided below.
Establishment: |
1945 |
Headquarters: |
Pune, India |
Website: |
https://www.bajajauto.com/ |
Bajaj Auto Limited is a leading automobile manufacturer with a worldwide presence in over 70 countries. The company is known for its wide range of two-wheelers, including motorcycles, scooters, and three-wheelers, which are famous for their trustworthiness, fuel efficiency, and affordability. It is also committed to sustainability with a focus on minimizing its carbon footprint and promoting clean energy. It has a strong research and development team that has been responsible for developing many successful models of two-wheelers. It has also been in the lead of introducing new concepts, such as the quadricycle, a small four-wheeled vehicle that is more stable than a three-wheeler but more fuel-efficient than a car. It has set up various vocational training centers, providing training to underprivileged youth in areas such as automobile mechanics and electrical repairs.
Establishment: |
1984 |
Headquarters: |
New Delhi, India |
Website: |
https://www.heromotocorp.com/ |
Hero MotoCorp Ltd. is known for its wide range of two-wheelers, including motorcycles, scooters, and electric vehicles. It is committed to providing its customers with affordable, reliable, and fuel-efficient vehicles that cater to their different needs. It has a robust focus on research and development (R&D) and has set up state-of-the-art facilities to develop new products and technologies. It has also diversified into other business segments, such as finance, insurance, and hospitality. The company has set up several green initiatives, such as rainwater harvesting and solar power plants, at its manufacturing plants. It has also been actively involved in promoting renewable energy and has installed solar-powered streetlights in different parts of India.
Establishment: |
1999 |
Headquarters: |
Gurgaon, Haryana |
Website: |
https://www.honda2wheelersindia.com/ |
Honda Motorcycle & Scooter India Pvt. Ltd. has an extensive network of dealerships and service centers across the country. It is known for its wide range of motorcycles and scooters, which are popular for their advanced technology, fuel efficiency, and stylish designs. It has taken steps to minimize its carbon emissions, with a focus on energy efficiency, waste reduction, and renewable energy. The company is known for its advanced technology and innovation, which is reflected in its product offerings. It has been expanding its footprint in the Indian market with a network of over 6,000 authorized dealerships across the country. It has been promoting road safety awareness and has been conducting various programs to educate people on safe driving practices.
Establishment: |
1981 |
Headquarters: |
New Delhi |
Website: |
https://www.marutisuzuki.com/ |
Maruti Suzuki India Limited is one of the leading automobile manufacturers in India, known for its wide range of affordable and reliable cars and two wheelers. It offers a variety of motorcycles and scooters that are popular for their advanced features, fuel efficiency, and innovative designs. It has also launched a subscription-based service called Maruti Suzuki Subscribe, which allows customers to rent a car or two wheelers on a monthly basis.
Establishment: |
1978 |
Headquarters: |
Chennai |
Website: |
https://www.tvsmotor.com/ |
TVS Motor Company is known for its range of motorcycles, scooters, and three-wheelers that are popular for their fuel efficiency, performance, and affordability. It has a sturdy focus on research and development (R&D), with state-of-the-art R&D centers in India and overseas. It has a strong focus on sustainability and has undertaken several initiatives to minimize its environmental footprint. It has been successful in establishing a strong market presence in India and has a network of over 5,000 authorized dealerships across the country.
About Author:
Aditi Kumar Senior Content Writer at IMARC Services Private Limited Aditi is a content writer and editor at IMARC Services Private Limited with over two years of experience in market research, covering diverse sectors from information technology to healthcare, automotive, oil and gas, food and beverage, and electronics. She actively works on numerous predictive and exploratory research projects and has hands-on experience analyzing and writing about macro and micro markets. Besides writing, Aditi loves baking and reading novels. |
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