Two Wheeler Market Share in India Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers India Two Wheeler Market Size and is segmented by Engine Type (Electric, Hybrid And Electric Vehicles, ICE)

Home right-chevron-icon Market Analysis right-chevron-icon Automotive Research right-chevron-icon Vehicles Research right-chevron-icon Two Wheelers Research right-chevron-icon India Two Wheeler Market

India Two Wheeler Market Size

View Global Report
India Two Wheeler Market
share button
https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2016 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Base Year For Estimation 2023
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 299.18 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 347.41 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 3.03 %
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Concentration High

Major Players
major-player-company-image major-player-company-image major-player-company-image major-player-company-image

*Disclaimer: Major Players sorted in no particular order

Key Players

WHY BUY FROM US?
1. CRISP & INSIGHTFUL
2. TRUE BOTTOM-UP
3. EXHAUSTIVENESS
4. TRANSPARENCY
5. CONVENIENCE
KNOW MORE

India Two Wheeler Market Analysis

The India Two Wheeler Market size is estimated at USD 299.18 billion in 2024, and is expected to reach USD 347.41 billion by 2029, growing at a CAGR of 3.03% during the forecast period (2024-2029).

  • Fastest-growing Segment by Fuel Type - : A number of domestic companies are introducing their first electric two-wheeler models with alluring characteristics to attract buyers. During the projection period in 2028, the market for electric two-wheelers is anticipated to increase as a result of these innovative motorbike designs and technological advancements.
  • Largest Segment by Vehicle Type - Passenger Vehicles : The presence of a large number of lithium-ion battery manufacturers and growing investment in electric power propulsion technology are driving the market growth for motorcycles.

India Two Wheeler Market Trends

This section covers the major market trends shaping the India Two Wheeler Market according to our research experts:

is the largest segment by Body Type.

India Two Wheeler Market

India Two Wheeler Industry Overview

The India Two Wheeler Market is moderately consolidated, with the top five companies occupying 57.37%. The major players in this market are Bajaj Auto Ltd., Hero MotoCorp Ltd., Honda Motorcycle and Scooter India Pvt. Ltd, Royal Enfield Ltd. India and TVS Motor Company Limited (sorted alphabetically).

India Two Wheeler Market Leaders

  1. Bajaj Auto Ltd.

  2. Hero MotoCorp Ltd.

  3. Honda Motorcycle and Scooter India Pvt. Ltd

  4. Royal Enfield Ltd. India

  5. TVS Motor Company Limited

*Disclaimer: Major Players sorted in no particular order

India Two Wheeler Market
bookmark Need More Details on Market Players and Competitors?
Download Sample

India Two Wheeler Market News

  • December 2022: The company has announced the launch of Tiger 1200 in India. It was equipped with technologies such as a blind-spot radar system, showa semi-active suspension set-up, a seven-inch TFT display, as many as six riding modes, and a keyless system.
  • October 2022: The company has launched the new Dominar 400 upgrade. The sports tourer gets factory-fitted touring accessories and is tailormade for riders who prefer strong touring essentials.
  • August 2022: Yamaha Motor Pvt. Ltd. introduced an exciting line-up of 2022 Monster Energy Yamaha MotoGP Edition models in India. These models include the Supersport YZF-R15M, the Dark Warrior MT-15 V2.0, the Maxi-sports Scooter AEROX 155 and the RayZR 125 Fi Hybrid scooter.

India Two Wheeler Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. Population

    2. 2.2. GDP

    3. 2.3. CVP

    4. 2.4. Inflation Rate

    5. 2.5. Battery Price (per Kwh)

    6. 2.6. Logistics Performance Index

    7. 2.7. Electrification Impact

    8. 2.8. New XEV Models Announced

    9. 2.9. Charging Stations Deployment

    10. 2.10. Regulatory Framework

    11. 2.11. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION

    1. 3.1. Engine Type

      1. 3.1.1. Electric

      2. 3.1.2. Hybrid And Electric Vehicles

      3. 3.1.3. ICE

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles

      1. 4.4.1. Ampere

      2. 4.4.2. Ather Energy Pvt. Ltd.

      3. 4.4.3. Bajaj Auto Ltd.

      4. 4.4.4. BMW India Private Limited

      5. 4.4.5. Ducati India Private Limited

      6. 4.4.6. Hero MotoCorp Ltd.

      7. 4.4.7. Honda Motorcycle and Scooter India Pvt. Ltd

      8. 4.4.8. Lohia Auto Industries

      9. 4.4.9. Okinawa Autotech Pvt. Ltd

      10. 4.4.10. Ola Electric Mobility Pvt Ltd

      11. 4.4.11. Royal Enfield Ltd. India

      12. 4.4.12. Suzuki Motorcycle India Pvt. Ltd.

      13. 4.4.13. Triumph Motorcycles (India) Private Limited

      14. 4.4.14. TVS Motor Company Limited

      15. 4.4.15. Yamaha Motor India Pvt. Ltd.

  7. 5. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter's Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. INDIA TWO WHEELER MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 2:  
  2. INDIA TWO WHEELER MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 3:  
  2. INDIA TWO WHEELER MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 4:  
  2. INDIA TWO WHEELER MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 5:  
  2. INDIA TWO WHEELER MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 6:  
  2. INDIA TWO WHEELER MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 7:  
  2. INDIA TWO WHEELER MARKET, ELECTRIFICATION IMPACT, VOLUME, YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 8:  
  2. INDIA TWO WHEELER MARKET, NEW XEV MODELS ANNOUNCED, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
  1. Figure 9:  
  2. INDIA TWO WHEELER MARKET, CHARGING STATIONS DEPLOYMENT, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
  1. Figure 10:  
  2. INDIA TWO WHEELER MARKET, VOLUME IN UNITS, 2016 – 2026
  1. Figure 11:  
  2. INDIA TWO WHEELER MARKET, VALUE IN USD, 2016 – 2026
  1. Figure 12:  
  2. INDIA TWO WHEELER MARKET, BY ENGINE TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 13:  
  2. INDIA TWO WHEELER MARKET, BY ENGINE TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 14:  
  2. INDIA TWO WHEELER MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2016 - 2028
  1. Figure 15:  
  2. INDIA TWO WHEELER MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2016 - 2028
  1. Figure 16:  
  2. INDIA TWO WHEELER MARKET, BY ELECTRIC, BY VOLUME IN UNITS, 2016-2028
  1. Figure 17:  
  2. INDIA TWO WHEELER MARKET, BY ELECTRIC, BY VALUE IN USD, 2016-2028
  1. Figure 18:  
  2. INDIA TWO WHEELER MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 19:  
  2. INDIA TWO WHEELER MARKET, BY HYBRID AND ELECTRIC VEHICLES, BY VOLUME IN UNITS, 2016-2028
  1. Figure 20:  
  2. INDIA TWO WHEELER MARKET, BY HYBRID AND ELECTRIC VEHICLES, BY VALUE IN USD, 2016-2028
  1. Figure 21:  
  2. INDIA TWO WHEELER MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 22:  
  2. INDIA TWO WHEELER MARKET, BY ICE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 23:  
  2. INDIA TWO WHEELER MARKET, BY ICE, BY VALUE IN USD, 2016-2028
  1. Figure 24:  
  2. INDIA TWO WHEELER MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 25:  
  2. INDIA TWO WHEELER MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
  1. Figure 26:  
  2. INDIA TWO WHEELER MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 27:  
  2. INDIA TWO WHEELER MARKET SHARE(%), BY MAJOR PLAYERS, 2021

India Two Wheeler Industry Segmentation

Electric, Hybrid And Electric Vehicles, ICE are covered as segments by Engine Type.
Engine Type
Electric
Hybrid And Electric Vehicles
ICE
customize-icon Need A Different Region Or Segment?
Customize Now

Market Definition

  • Body Type -
  • Engine Type - This includes Hybrid and electric vehicles and Internal combustion engines (ICE).
  • Fuel Type -
  • Sub Body Type -
  • Vehicle Type - Two-wheelers are vehicles that run on two wheels. In this report, scooters and motorcycles have been considered under this category. Other two-wheelers, such as bicycles, mopeds, kick scooters, and self-balancing personal transporters have not been covered under the scope of the study.
bookmark Need More Details on Market Definition?
Ask a Question

Research Methodology

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

  • Step-1: Identify Key Variables: In order 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 on the basis of 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. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
  • 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
download-icon Get More Details On Research Methodology
Download Sample
close-icon
80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

WHY BUY FROM US?
card-img
01. Crisp, insightful analysis
Our focus is NOT on word count. We present only the key trends impacting the market so you don’t waste time finding a needle in the haystack.
card-img
02. True Bottom-Up Approach
We study the industry, not just the market. Our bottom-up approach ensures we have a broad and deep understanding of the forces that shape the industry.
card-img
03. Exhaustive Data
Tracking a million data points on the vehicles industry. Our constant market tracking covers over 1 million+ data points spanning 45 countries and over 150 companies just for the vehicles industry.
card-img
04. Transparency
Know where your data comes from. Most market reports today hide the sources used behind the veil of a proprietary model. We proudly present them so you can trust our information.
card-img
05. Convenience
Tables belong in spreadsheets. Like you, we also believe that spreadsheets are better suited for data evaluation. We don't clutter our reports with data tables. We provide an excel document with each report that contains all the data used to analyze the market.

India Two Wheeler Market Research FAQs

The India Two Wheeler Market size is expected to reach USD 299.18 billion in 2024 and grow at a CAGR of 3.03% to reach USD 347.41 billion by 2029.

In 2024, the India Two Wheeler Market size is expected to reach USD 299.18 billion.

Bajaj Auto Ltd., Hero MotoCorp Ltd., Honda Motorcycle and Scooter India Pvt. Ltd, Royal Enfield Ltd. India and TVS Motor Company Limited are the major companies operating in the India Two Wheeler Market.

In the India Two Wheeler Market, the segment accounts for the largest share by body type.

In 2024, the segment accounts for the fastest growing by body type in the India Two Wheeler Market.

In 2023, the India Two Wheeler Market size was estimated at USD 279.86 billion. The report covers the India Two Wheeler Market historical market size for years: 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Two Wheeler Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

India Two Wheeler Industry Report

Statistics for the 2024 India Two Wheeler market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Two Wheeler analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

India Two Wheeler Market Report Snapshots

Two Wheeler Market Share in India Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)