India E-bike Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The India E-bike Market is segmented by Propulsion Type (Pedal Assisted, Speed Pedelec, Throttle Assisted), by Application Type (Cargo/Utility, City/Urban, Trekking) and by Battery Type (Lead Acid Battery, Lithium-ion Battery, Others). Market Volume in Units and Market Value in USD is presented. Key data points observed include the number of e-bike sold by propulsion, application type for each propulsion type; and, battery type for each propulsion type.

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India E-bike Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

India E-bike Market Size

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India E-bike Market Summary
Study Period 2017 - 2029
Base Year For Estimation 2024
Forecast Data Period 2025 - 2029
Market Size (2025) USD 33.08 Million
Market Size (2029) USD 60.93 Million
CAGR (2025 - 2029) 16.49 %
Market Concentration High

Major Players

India E-bike Market Major Players

*Disclaimer: Major Players sorted in no particular order

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India E-bike Market Analysis

The India E-bike Market size is estimated at 33.08 million USD in 2025, and is expected to reach 60.93 million USD by 2029, growing at a CAGR of 16.49% during the forecast period (2025-2029).

India's electric bike industry is undergoing significant transformation driven by infrastructure development and supportive government policies. The country's commitment to sustainable transportation has led to the establishment of dedicated cycling infrastructure across major cities. Leading electric bike manufacturers in India are expanding their production capabilities to meet growing demand, with Hero Cycles operating at a substantial manufacturing capacity of 7.5 million bicycles annually through facilities in Ludhiana, Ghaziabad, and Bihta. The government's initiatives to reduce automotive pollution and promote electric mobility have created a favorable environment for e-bike adoption, particularly in urban areas where traffic congestion remains a significant challenge, as evidenced by the country's traffic congestion index of 204.53 in 2022.


The distribution landscape for e-bikes is evolving rapidly, with manufacturers adopting multi-channel strategies to enhance market penetration. Companies like EMotorad have established extensive networks spanning over 160 dealers across 82 towns and cities, demonstrating the industry's push toward wider accessibility. Traditional bicycle manufacturers are transitioning into the e-bike segment, establishing experience centers and test-ride facilities to educate consumers about the benefits of electric mobility. The retail infrastructure is becoming more sophisticated, with companies investing in both online and offline channels to provide comprehensive customer experiences, thereby boosting the growth of the electric bike market.


Battery technology advancement has emerged as a crucial factor shaping the industry's trajectory. The cost of lithium-ion batteries has decreased significantly, showing a reduction of approximately 70% over the past decade, making e-bikes more affordable for consumers. Current battery replacement costs range between INR 12,000-18,000, with advanced batteries offering lifespans of up to 10 years with proper maintenance. Manufacturers are investing in research and development to improve battery efficiency, charging capabilities, and overall performance while reducing costs through technological innovations and economies of scale. This focus is pivotal for the battery electric bicycle market.


The industry is witnessing a surge in domestic manufacturing capabilities and technological innovation. Local manufacturers are increasingly focusing on developing indigenous solutions tailored to Indian conditions and consumer preferences. Companies are investing in advanced manufacturing facilities, incorporating automation and quality control measures to meet international standards. The emphasis on localization of components, particularly in battery and motor technology, is reducing dependency on imports and creating a more sustainable supply chain. This shift towards domestic production is accompanied by investments in research and development, focusing on improving battery technology, motor efficiency, and overall product durability, which is essential for the electric bike market analysis.

Segment Analysis: Propulsion Type

Pedal Assisted Segment in India E-bike Market

The pedal-assisted segment dominates the India e-bike market, accounting for approximately 82% market share in 2024. This significant market position is driven by several key factors, including the segment's ability to provide an optimal balance between manual pedaling and electric assistance. Pedal-assisted e-bicycles are particularly popular among urban commuters and fitness enthusiasts as they allow users to exercise while still benefiting from motor support when needed. The segment's success is further bolstered by these bikes' lower operating costs, reduced fatigue during long rides, and their suitability for various activities, from daily commuting to leisure riding. Additionally, the growing infrastructure development for cycling in major Indian cities and increasing awareness about health and environmental benefits have contributed to the strong market position of pedal-assisted electric bicycles.

Market Analysis of India E-bike Market: Chart for Propulsion Type

Speed Pedelec Segment in India E-bike Market

The speed pedelec segment is emerging as the fastest-growing category in the Indian pedelec market, projected to grow at approximately 22% CAGR from 2024 to 2029. This remarkable growth trajectory is primarily driven by increasing consumer demand for faster and more efficient commuting solutions in urban areas. Speed pedelecs are gaining popularity among long-distance commuters who seek alternatives to conventional transportation methods while still maintaining higher speeds than traditional e-bikes. The segment's growth is further supported by technological advancements in battery efficiency and motor performance, making these bikes more reliable and cost-effective. Additionally, the expansion of dedicated cycling infrastructure in major Indian cities and growing acceptance of e-bikes for longer commutes are creating favorable conditions for speed pedelec adoption.

Remaining Segments in Propulsion Type

The throttle-assisted segment represents a significant portion of the Indian electric bicycle market, offering unique advantages for users who prefer complete motor control without the need for pedaling. This segment particularly appeals to delivery services, elderly users, and those with physical limitations who may find continuous pedaling challenging. Throttle-assisted e-cycles provide more flexibility in urban environments where frequent stops and starts are common, and they are increasingly being adopted by last-mile delivery services and courier companies. The segment continues to evolve with improvements in battery technology and motor efficiency, making these bikes more practical for daily use while maintaining their position as a viable alternative to traditional pedal-assisted models.

Segment Analysis: Application Type

City/Urban Segment in India E-bike Market

The City/Urban segment dominates the India electric bike market, commanding approximately 79% of the total market value in 2024. This significant market share is driven by the segment's strong appeal among urban commuters, students, and working professionals who seek efficient and eco-friendly transportation solutions for their daily commutes. The segment's dominance is further strengthened by the increasing focus on developing urban cycling infrastructure, growing environmental consciousness among city dwellers, and the segment's ability to address last-mile connectivity challenges in metropolitan areas. Major township projects, educational institutions, and corporate organizations are increasingly adopting city e-bicycles as part of their sustainable transportation initiatives, while government support through dedicated cycling lanes and infrastructure development in urban areas continues to boost segment growth.

Trekking Segment in India E-bike Market

The Trekking segment is emerging as the fastest-growing application category in the India electric cycle market for the forecast period 2024-2029. This rapid growth is primarily driven by the rising popularity of adventure tourism, increasing interest in outdoor recreational activities, and growing awareness about fitness-oriented lifestyle choices among Indian consumers. The segment is benefiting from the expansion of cycling tourism in various scenic locations across India, particularly in regions like the Western Ghats and Himalayan foothills. Manufacturers are responding to this trend by introducing advanced trekking e-bikes with enhanced battery life, superior suspension systems, and robust frames designed specifically for challenging terrains. The segment is also seeing increased adoption among cycling enthusiasts and adventure sports communities, supported by the growing number of cycling events and trekking expeditions being organized across the country.

Remaining Segments in Application Type

The Cargo/Utility segment represents an important niche in the India electric bicycle market, primarily serving the growing demands of last-mile delivery services and small business operations. This segment is gaining traction due to the rapid expansion of e-commerce and hyperlocal delivery services in urban areas. Cargo e-bikes are increasingly being adopted by logistics companies and local businesses as a cost-effective and environmentally friendly alternative to traditional delivery vehicles. The segment's growth is supported by the bikes' ability to navigate through congested urban areas efficiently while offering substantial cargo capacity and reduced operational costs compared to conventional delivery vehicles.

Segment Analysis: Battery Type

Lithium-ion Battery Segment in India E-bike Market

The lithium-ion battery segment dominates the India electric cycle market, commanding approximately 88% market share in 2024, while also emerging as the fastest-growing segment with a projected growth rate of nearly 12% from 2024 to 2029. This segment's dominance can be attributed to several key advantages, including high energy density, longer lifespan, and improved power output capabilities compared to traditional battery technologies. The increasing adoption of lithium-ion batteries in e-bikes is driven by their lightweight nature, quick charging capabilities, and extended range performance. Additionally, the gradual decrease in lithium-ion battery prices, coupled with technological advancements in battery management systems, has made these batteries more accessible to consumers. The segment's growth is further supported by increasing investments in domestic battery manufacturing capabilities and the development of advanced battery technologies that offer enhanced safety features and improved performance metrics.

Remaining Segments in Battery Type

The lead acid battery and other battery technologies continue to play a role in the Indian electric bicycle market, though their impact is diminishing. Lead acid batteries, despite their cost advantage and reliability in extreme conditions, are gradually losing market share due to their heavier weight and limited performance capabilities. The 'Others' category, which includes emerging battery technologies like sodium-ion batteries, represents potential alternatives that could offer cost advantages and improved safety features. These alternative battery technologies are particularly relevant for price-sensitive market segments and specific use cases where the premium features of lithium-ion batteries may not be essential. However, their adoption remains limited due to the overwhelming advantages and increasing affordability of lithium-ion technology.

India E-bike Industry Overview

Top Companies in India E-bike Market

The Indian e-bike market is witnessing significant product innovation trends, with companies focusing on developing advanced features like smart connectivity, improved battery technology, and enhanced range capabilities. Companies, including some of the leading electric bike companies in India, are demonstrating operational agility by rapidly adapting to changing consumer preferences and market demands, particularly in urban mobility solutions. Strategic moves in the industry are centered around expanding distribution networks, establishing experience centers, and strengthening after-sales support infrastructure. Market players are actively pursuing expansion through various channels, including online platforms and dedicated retail outlets, while also forming strategic partnerships with technology providers and component manufacturers to enhance their product offerings. The industry is seeing increased investment in research and development to improve product performance and user experience, with a particular focus on developing models suited for both urban commuting and adventure riding.

Market Dominated by Local Manufacturing Giants

The Indian e-bike market is characterized by a mix of established local manufacturers and emerging startups, with domestic players holding significant market share in the Indian bike industry through their extensive distribution networks and brand recognition. Traditional bicycle manufacturers have successfully leveraged their existing infrastructure and market knowledge to establish strong positions in the e-bike segment, while new entrants are bringing innovative technologies and business models. The market structure shows moderate consolidation, with a few large players controlling substantial e-bike market share, though there is growing competition from new entrants focusing on premium and specialized segments. The industry is witnessing increased collaboration between traditional manufacturers and technology companies to enhance product capabilities and market reach, creating a dynamic competitive environment.


The market is experiencing strategic consolidation through mergers and acquisitions, particularly as established players seek to acquire technological capabilities and expand their product portfolios. Traditional bicycle manufacturers are acquiring or partnering with technology startups to accelerate their entry into the e-bike segment, while international players are forming joint ventures with local companies to establish market presence. These strategic moves are reshaping the competitive landscape, leading to increased market sophistication and product diversity, while also creating opportunities for specialized players in niche segments like cargo e-bikes and premium recreational models.

Innovation and Distribution Key to Growth

Success in the Indian e-bike market increasingly depends on companies' ability to balance innovation with affordability while building robust distribution networks. Incumbents, including leading electric bike companies in India, need to focus on continuous product development, particularly in areas of battery technology and smart features, while maintaining competitive pricing strategies to retain market share. Companies must invest in strengthening their after-sales service networks and developing comprehensive customer support systems to build long-term brand loyalty. The ability to create differentiated value propositions through unique features or service offerings will become crucial as the market matures and competition intensifies. Establishing strong partnerships with component suppliers and technology providers will be essential for maintaining competitive advantages and ensuring consistent product quality.


For contenders looking to gain market share, focusing on underserved segments and geographical regions while offering innovative financing solutions could provide competitive advantages. Success will depend on developing efficient supply chain management systems and building strong relationships with dealers and distributors. Companies need to consider potential regulatory changes regarding electric vehicles and ensure compliance while maintaining operational flexibility. The risk of substitution from traditional bicycles and other electric vehicles necessitates clear value proposition communication and targeted marketing strategies. Understanding and adapting to evolving customer preferences, particularly in urban mobility solutions and last-mile delivery applications, will be crucial for sustained growth and market success.

India E-bike Market Leaders

  1. Alphavector (India) Pvt Ltd

  2. Cultsport

  3. EMotorad

  4. Hero Cycles Limited

  5. TREK BICYCLE INDIA PRIVATE LIMITED

  6. *Disclaimer: Major Players sorted in no particular order
India E-bike Market Concentration
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India E-bike Market News

  • March 2023: Nibe Limited's Board of Directors accepted private placement and preferential issue fundraising plans of up to INR 104.40 crore.
  • November 2022: Motovolt Mobility raised INR 16 crore in a Pre-Series A funding round to launch new products and marketing campaigns and expand its footprint across India through more retail outlets.
  • November 2022: EMotorad introduced the "Doodle v2" folding e-bike for INR 49,999. It is available for purchase on the company's website as well as on e-commerce platforms such as Amazon and Flipkart.

Free With This Report

We offer a comprehensive and complimentary collection of data points on regional and country-level metrics, crucial to understanding the industry's core structure. Our resources include over 120 free charts, providing rare data across various countries. This collection encompasses an analysis of e-bike outlets, distribution channels, and their geographical distribution, examination of average selling prices for different e-bike models across regions, insights into consumer preferences and purchasing patterns, a detailed segmentation of the market, comprehensive insights into market trends and environmental impacts, an overview of key market players, an examination of the regulatory landscape, and projections for the future of the e-bike market.

India E-bike Market
India E-bike Market
India E-bike Market
India E-bike Market

India E-bike Market Report - Table of Contents

1. EXECUTIVE SUMMARY & KEY FINDINGS

2. REPORT OFFERS

3. INTRODUCTION

  • 3.1 Study Assumptions & Market Definition
  • 3.2 Scope of the Study​
  • 3.3 Research Methodology

4. KEY INDUSTRY TRENDS

  • 4.1 Bicycle Sales
  • 4.2 GDP Per Capita
  • 4.3 Inflation Rate
  • 4.4 Adoption Rate Of E-bikes
  • 4.5 Percent Population/commuters With 5-15 Km Daily Travel Distance
  • 4.6 Bicycle Rental
  • 4.7 E-bike Battery Price
  • 4.8 Price Chart Of Different Battery Chemistry
  • 4.9 Hyper-local Delivery
  • 4.10 Dedicated Bicycle Lanes
  • 4.11 Number Of Trekkers
  • 4.12 Battery Charging Capacity
  • 4.13 Traffic Congestion Index
  • 4.14 Regulatory Framework
  • 4.15 Value Chain & Distribution Channel Analysis

5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

  • 5.1 Propulsion Type
    • 5.1.1 Pedal Assisted
    • 5.1.2 Speed Pedelec
    • 5.1.3 Throttle Assisted
  • 5.2 Application Type
    • 5.2.1 Cargo/Utility
    • 5.2.2 City/Urban
    • 5.2.3 Trekking
  • 5.3 Battery Type
    • 5.3.1 Lead Acid Battery
    • 5.3.2 Lithium-ion Battery
    • 5.3.3 Others

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles
    • 6.4.1 Alphavector (India) Pvt Ltd
    • 6.4.2 Being Human
    • 6.4.3 Cultsport
    • 6.4.4 EMotorad
    • 6.4.5 Hero Cycles Limited
    • 6.4.6 Motovolt
    • 6.4.7 Nibe E-motor Limited
    • 6.4.8 SJ Electric Vehicles Pvt. Ltd (Polarity Smart Bikes)
    • 6.4.9 Stryder
    • 6.4.10 TREK BICYCLE INDIA PRIVATE LIMITED
    • 6.4.11 Tru E Bikes Pvt. Ltd
  • *List Not Exhaustive

7. KEY STRATEGIC QUESTIONS FOR E BIKES CEOS

8. APPENDIX

  • 8.1 Global Overview
    • 8.1.1 Overview
    • 8.1.2 Porter’s Five Forces Framework
    • 8.1.3 Global Value Chain Analysis
    • 8.1.4 Market Dynamics (DROs)
  • 8.2 Sources & References
  • 8.3 List of Tables & Figures
  • 8.4 Primary Insights
  • 8.5 Data Pack
  • 8.6 Glossary of Terms
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List of Tables & Figures

  1. Figure 1:  
  2. CONVENTIONAL AND E-BIKE SALES, VOLUME IN UNITS, INDIA, 2017 - 2029
  1. Figure 2:  
  2. GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, INDIA, 2017 - 2029
  1. Figure 3:  
  2. INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, INDIA, 2017 - 2029
  1. Figure 4:  
  2. E-BIKE MARKET PENETRATION RATE, VOLUME PERCENTAGE, INDIA, 2017 - 2029
  1. Figure 5:  
  2. PROPORTION OF 5-15 KM DAILY TRAVELERS, PERCENTAGE, INDIA, 2017 - 2029
  1. Figure 6:  
  2. BICYCLE RENTAL SERVICE MARKET, REVENUE IN USD, INDIA, 2017 - 2029
  1. Figure 7:  
  2. COST OF LI-ION BATTERIES FOR E-BIKES, VALUE IN USD PER KWH, INDIA, 2017 - 2029
  1. Figure 8:  
  2. E-BIKE BATTERY TYPE PRICE COMPARISON, USD PER KWH, INDIA, 2017 - 2029
  1. Figure 9:  
  2. HYPER LOCAL DELIVERY SERVICE MARKET, REVENUE IN USD, INDIA, 2017 - 2029
  1. Figure 10:  
  2. LENGTH OF DEDICATED BICYCLE LANES, KM, INDIA, 2017 - 2022
  1. Figure 11:  
  2. TREKKER POPULATION, UNIT, INDIA, 2017 - 2029
  1. Figure 12:  
  2. AVERAGE CHARGING TIME OF E-BIKE BATTERIES, HOURS, INDIA, 2017 - 2029
  1. Figure 13:  
  2. TRAFFIC CONGESTION INTENSITY INDEX, INDIA, 2017 - 2022
  1. Figure 14:  
  2. INDIA E-BIKE MARKET, VOLUME, UNITS, 2017 - 2029
  1. Figure 15:  
  2. INDIA E-BIKE MARKET, VALUE, USD MILLION, 2017 - 2029
  1. Figure 16:  
  2. INDIA E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, UNITS, 2017 - 2029
  1. Figure 17:  
  2. INDIA E-BIKE MARKET, BY PROPULSION TYPE, VALUE, USD, 2017 - 2029
  1. Figure 18:  
  2. INDIA E-BIKE MARKET, BY PROPULSION TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
  1. Figure 19:  
  2. INDIA E-BIKE MARKET, BY PROPULSION TYPE, VALUE, SHARE (%), 2017 VS 2023 VS 2029
  1. Figure 20:  
  2. E-BIKE MARKET, BY PROPULSION TYPE, PEDAL ASSISTED, VOLUME, UNITS, INDIA, 2017 - 2029
  1. Figure 21:  
  2. E-BIKE MARKET, BY PROPULSION TYPE, PEDAL ASSISTED, VALUE, USD, INDIA, 2017 - 2029
  1. Figure 22:  
  2. BREAKDOWN OF PEDAL ASSISTED E-BIKE MARKET BY APPLICATION TYPE, REVENUE SHARE (%), INDIA, 2023 VS 2029
  1. Figure 23:  
  2. E-BIKE MARKET, BY PROPULSION TYPE, SPEED PEDELEC, VOLUME, UNITS, INDIA, 2017 - 2029
  1. Figure 24:  
  2. E-BIKE MARKET, BY PROPULSION TYPE, SPEED PEDELEC, VALUE, USD, INDIA, 2017 - 2029
  1. Figure 25:  
  2. BREAKDOWN OF SPEED PEDELEC E-BIKE MARKET BY APPLICATION TYPE, REVENUE SHARE (%), INDIA, 2023 VS 2029
  1. Figure 26:  
  2. E-BIKE MARKET, BY PROPULSION TYPE, THROTTLE ASSISTED, VOLUME, UNITS, INDIA, 2017 - 2029
  1. Figure 27:  
  2. E-BIKE MARKET, BY PROPULSION TYPE, THROTTLE ASSISTED, VALUE, USD, INDIA, 2017 - 2029
  1. Figure 28:  
  2. BREAKDOWN OF THROTTLE ASSISTED E-BIKE MARKET BY APPLICATION TYPE, REVENUE SHARE (%), INDIA, 2023 VS 2029
  1. Figure 29:  
  2. INDIA E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
  1. Figure 30:  
  2. INDIA E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD, 2017 - 2029
  1. Figure 31:  
  2. INDIA E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
  1. Figure 32:  
  2. INDIA E-BIKE MARKET, BY APPLICATION TYPE, VALUE, SHARE (%), 2017 VS 2023 VS 2029
  1. Figure 33:  
  2. E-BIKE MARKET, BY APPLICATION TYPE, CARGO/UTILITY, VOLUME, UNITS, INDIA, 2017 - 2029
  1. Figure 34:  
  2. E-BIKE MARKET, BY APPLICATION TYPE, CARGO/UTILITY, VALUE, USD, INDIA, 2017 - 2029
  1. Figure 35:  
  2. BREAKDOWN OF CARGO/UTILITY E-BIKE MARKET BY PROPULSION TYPE, REVENUE SHARE (%), INDIA, 2023 VS 2029
  1. Figure 36:  
  2. E-BIKE MARKET, BY APPLICATION TYPE, CITY/URBAN, VOLUME, UNITS, INDIA, 2017 - 2029
  1. Figure 37:  
  2. E-BIKE MARKET, BY APPLICATION TYPE, CITY/URBAN, VALUE, USD, INDIA, 2017 - 2029
  1. Figure 38:  
  2. BREAKDOWN OF CITY/URBAN E-BIKE MARKET BY PROPULSION TYPE, REVENUE SHARE (%), INDIA, 2023 VS 2029
  1. Figure 39:  
  2. E-BIKE MARKET, BY APPLICATION TYPE, TREKKING, VOLUME, UNITS, INDIA, 2017 - 2029
  1. Figure 40:  
  2. E-BIKE MARKET, BY APPLICATION TYPE, TREKKING, VALUE, USD, INDIA, 2017 - 2029
  1. Figure 41:  
  2. BREAKDOWN OF TREKKING E-BIKE MARKET BY PROPULSION TYPE, REVENUE SHARE (%), INDIA, 2023 VS 2029
  1. Figure 42:  
  2. INDIA E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
  1. Figure 43:  
  2. INDIA E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
  1. Figure 44:  
  2. INDIA E-BIKE MARKET, BY BATTERY TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
  1. Figure 45:  
  2. INDIA E-BIKE MARKET, BY BATTERY TYPE, VALUE, SHARE (%), 2017 VS 2023 VS 2029
  1. Figure 46:  
  2. E-BIKE MARKET, BY BATTERY TYPE, LEAD ACID BATTERY, VOLUME, UNITS, INDIA, 2017 - 2029
  1. Figure 47:  
  2. E-BIKE MARKET, BY BATTERY TYPE, LEAD ACID BATTERY, VALUE, USD, INDIA, 2017 - 2029
  1. Figure 48:  
  2. BREAKDOWN OF LEAD ACID BATTERY E-BIKE MARKET BY PROPULSION TYPE, REVENUE SHARE (%), INDIA, 2023 VS 2029
  1. Figure 49:  
  2. E-BIKE MARKET, BY BATTERY TYPE, LITHIUM-ION BATTERY, VOLUME, UNITS, INDIA, 2017 - 2029
  1. Figure 50:  
  2. E-BIKE MARKET, BY BATTERY TYPE, LITHIUM-ION BATTERY, VALUE, USD, INDIA, 2017 - 2029
  1. Figure 51:  
  2. BREAKDOWN OF LITHIUM-ION BATTERY E-BIKE MARKET BY PROPULSION TYPE, REVENUE SHARE (%), INDIA, 2023 VS 2029
  1. Figure 52:  
  2. E-BIKE MARKET, BY BATTERY TYPE, OTHERS, VOLUME, UNITS, INDIA, 2017 - 2029
  1. Figure 53:  
  2. E-BIKE MARKET, BY BATTERY TYPE, OTHERS, VALUE, USD, INDIA, 2017 - 2029
  1. Figure 54:  
  2. BREAKDOWN OF OTHERS E-BIKE MARKET BY PROPULSION TYPE, REVENUE SHARE (%), INDIA, 2023 VS 2029
  1. Figure 55:  
  2. INDIA E-BIKE MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2020 - 2022
  1. Figure 56:  
  2. INDIA E-BIKE MARKET, MOST ADOPTED STRATEGIES, 2020 - 2022
  1. Figure 57:  
  2. INDIA E-BIKE MARKET SHARE(%), BY MAJOR PLAYER REVENUE, 2022

India E-bike Industry Segmentation

Pedal Assisted, Speed Pedelec, Throttle Assisted are covered as segments by Propulsion Type. Cargo/Utility, City/Urban, Trekking are covered as segments by Application Type. Lead Acid Battery, Lithium-ion Battery, Others are covered as segments by Battery Type.
Propulsion Type Pedal Assisted
Speed Pedelec
Throttle Assisted
Application Type Cargo/Utility
City/Urban
Trekking
Battery Type Lead Acid Battery
Lithium-ion Battery
Others
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Market Definition

  • By Application Type - E-bikes considered under this segment include city/urban, trekking, and cargo/utility e-bikes. The common types of e-bikes under these three categories include off-road/hybrid, kids, ladies/gents, cross, MTB, folding, fat tire, and sports e-bike.
  • By Battery Type - This segment includes lithium-ion batteries, lead-acid batteries, and other battery types. The other battery type category includes nickel-metal hydroxide (NiMH), silicon, and lithium-polymer batteries.
  • By Propulsion Type - E-bikes considered under this segment include pedal-assisted e-bikes, throttle-assisted e-bikes, and speed pedelec. While the speed limit of pedal and throttle-assisted e-bikes is usually 25 km/h, the speed limit of speed pedelec is generally 45 km/h (28 mph).
Keyword Definition
Pedal Assisted Pedal-assist or pedelec category refers to the electric bikes that provide limited power assistance through torque-assist system and do not have throttle for varying the speed. The power from the motor gets activated upon pedaling in these bikes and reduces human efforts.
Throttle Assisted Throttle-based e-bikes are equipped with the throttle assistance grip, installed on the handlebar, similarly to motorbikes. The speed can be controlled by twisting the throttle directly without the need to pedal. The throttle response directly provides power to the motor installed in the bicycles and speeds up the vehicle without paddling.
Speed Pedelec Speed pedelec is e-bikes similar to pedal-assist e-bikes as they do not have throttle functionality. However, these e-bikes are integrated with an electric motor which delivers power of approximately 500 W and more. The speed limit of such e-bikes is generally 45 km/h (28 mph) in most of the countries.
City/Urban The city or urban e-bikes are designed with daily commuting standards and functions to be operated within the city and urban areas. The bicycles include various features and specifications such as comfortable seats, sit upright riding posture, tires for easy grip and comfortable ride, etc.
Trekking Trekking and mountain bikes are special types of e-bikes that are designed for special purposes considering the robust and rough usage of the vehicles. These bicycles include a strong frame, and wide tires for better and advanced grip and are also equipped with various gear mechanisms which can be used while riding in different terrains, rough grounded, and tough mountainous roads.
Cargo/Utility The e-cargo or utility e-bikes are designed to carry various types of cargo and packages for shorter distances such as within urban areas. These bikes are usually owned by local businesses and delivery partners to deliver packages and parcels at very low operational costs.
Lithium-ion Battery A Li-ion battery is a rechargeable battery, which uses lithium and carbon as its constituent materials. The Li-Ion batteries have a higher density and lesser weight than sealed lead acid batteries and provide the rider with more range per charge than other types of batteries.
Lead Acid Battery A lead acid battery refers to sealed lead acid battery having a very low energy-to-weight and energy-to-volume ratio. The battery can produce high surge currents, owing to its relatively high power-to-weight ratio as compared to other rechargeable batteries.
Other Batteries This includes electric bikes using nickel–metal hydroxide (NiMH), silicon, and lithium-polymer batteries.
Business-to-Business (B2B) The sales of e-bikes to business customers such as urban fleet and logistics company, rental/sharing operators, last-mile fleet operators, and corporate fleet operators are considered under this category.
Business-to-Customers (B2C) The sales of electric scooters and motorcycles to direct consumers is considered under this category. The consumers acquire these vehicles either directly from manufacturers or from other distributers and dealers through online and offline channel.
Unorganized Local OEMs These players are small local manufacturers and assemblers of e-bikes. Most of these manufacturers import the components from China and Taiwan and assemble them locally. They offer the product at low cost in this price sensitive market which give them advantage over organized manufacturers.
Battery-as-a-Service A business model in which the battery of an EV can be rented from a service provider or swapped with another battery when it runs out of charge
Dockless e-Bikes Electric bikes that have self-locking mechanisms and a GPS tracking facility with an average top speed of around 15mph. These are mainly used by bike-sharing companies such as Bird, Lime, and Spin.
Electric Vehicle A vehicle which uses one or more electric motors for propulsion. Includes cars, scooters, buses, trucks, motorcycles, and boats. This term includes all-electric vehicles and hybrid electric vehicles
Plug-in EV An electric vehicle that can be externally charged and generally includes all-electric vehicles as well as plug-in hybrids. In this report we use the term for all-electric vehicles to differentiate them from plug-in hybrid electric vehicles.
Lithium-Sulphur Battery A rechargeable battery that replaces the liquid or polymer electrolyte found in current lithium-ion batteries with sulfur. They have more capacity than Li-ion batteries.
Micromobility Micromobility is one of the many modes of transport involving very-light-duty vehicles to travel short distances. These means of transportation include bikes, e-scooters, e-bikes, mopeds, and scooters. Such vehicles are used on a sharing basis for covering short distances, usually five miles or less.
Low Speed Electric Vehicls (LSEVs) They are low speed (usually less than 25 kmph) light vehicles that do not have an internal combustion engine, and solely use electric energy for propulsion.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all its reports.

  • Step-1: Identify Key Variables: To build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. Market revenue is calculated by multiplying the volume demand with volume-weighted average battery pack price (per kWh). Battery pack price estimation and forecast takes into account various factors affecting ASP, such as inflation rates, market demand shifts, production costs, technological developments, and consumer preferences, providing estimations for both historical data and future trends.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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India E-bike Market Research FAQs

How big is the India E-bike Market?

The India E-bike Market size is expected to reach USD 33.08 million in 2025 and grow at a CAGR of 16.49% to reach USD 60.93 million by 2029.

What is the current India E-bike Market size?

In 2025, the India E-bike Market size is expected to reach USD 33.08 million.

Who are the key players in India E-bike Market?

Alphavector (India) Pvt Ltd, Cultsport, EMotorad, Hero Cycles Limited and TREK BICYCLE INDIA PRIVATE LIMITED are the major companies operating in the India E-bike Market.

Which segment has the biggest share in the India E-bike Market?

In the India E-bike Market, the Pedal Assisted segment accounts for the largest share by propulsion type.

Which is the fastest growing segment in the India E-bike Market?

In 2025, the Speed Pedelec segment accounts for the fastest growing by propulsion type in the India E-bike Market.

What years does this India E-bike Market cover, and what was the market size in 2025?

In 2025, the India E-bike Market size was estimated at 33.08 million. The report covers the India E-bike Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the India E-bike Market size for years: 2025, 2026, 2027, 2028 and 2029.

India E-bike Market Research

Mordor Intelligence provides a comprehensive analysis of the India E-bike market, drawing from our extensive experience in the electric bike industry research and consulting. Our latest report examines the rapidly evolving landscape of electric bicycles in India. It includes a detailed electric bike market analysis that covers everything from electric bike manufacturers in India to emerging e-bike market trends. The study encompasses both traditional bicycle industry segments and innovative electric bike technologies. We pay particular attention to electric bike sales statistics and the future of electric bikes.

Stakeholders across the electric bicycle market can benefit from our detailed insights. These are available in an easy-to-read report PDF format for immediate download. The analysis provides comprehensive coverage of electric bike companies in India, e-bike business opportunities, and electric bike manufacturing capabilities. Our research supports strategic decision-making with a detailed examination of the electric bicycle market size in India, electric bike sales projections, and e-bike market growth patterns. The report also includes valuable information about electric bike brands in India and emerging electric bike trends. This enables businesses to make informed decisions in this dynamic market environment.

India E-Bike Market Report Snapshots