India Electric Bicycle (E-Bikes) Market Overview, 2029

India's population is increasingly recognizing the need for sustainable and eco-friendly transportation options. With rising concerns over air pollution and traffic congestion, e-bikes have emerged as a viable solution. The Indian e-bike market caters to the growing demand for sustainable mobility by offering energy-efficient and zero-emission transportation alternatives. Two-wheelers have long been a preferred mode of transportation in India, and e-bikes seamlessly fit into this culture. The affordability of e-bikes compared to traditional motorcycles and scooters makes them an attractive option for many Indian consumers. E-bikes provide a cost-effective means of travel, especially for short to medium distances. The Indian government has shown a keen interest in promoting electric mobility. Various policy initiatives and incentives, such as subsidies, tax benefits, and infrastructure development plans, have been implemented to encourage the adoption of e-bikes and other electric vehicles. This government support provides a favorable environment for the growth of the Indian e-bike market. India's rapid urbanization has resulted in increased demand for efficient last-mile connectivity solutions. E-bikes are well-suited for short-distance commuting within crowded urban areas. They offer flexibility, maneuverability, and reduced congestion, making them an ideal choice for navigating through traffic and reaching destinations quickly. The Indian e-bike market is experiencing technological advancements to enhance performance, range, and user experience. E-bike manufacturers in India are incorporating innovative features such as advanced battery technology, regenerative braking, smartphone connectivity, and intelligent motor systems. These technological advancements make e-bikes more appealing to Indian consumers. E-bikes have lower maintenance and operational costs compared to conventional motorized vehicles. The absence of fuel expenses and the simplicity of e-bike components contribute to their cost-effectiveness. For Indian consumers seeking affordable transportation options, e-bikes offer a compelling value proposition. India, with its growing environmental awareness and concerns over air pollution, is actively seeking cleaner transportation solutions. E-bikes align with this objective by emitting zero tailpipe emissions. Their eco-friendly nature positions e-bikes as an attractive alternative to conventional fossil fuel-powered vehicles. E-bike rental services and ride-sharing platforms are gaining traction in Indian cities. These services offer convenient access to e-bikes for short-term rentals, allowing individuals to enjoy the benefits of e-bikes without the need for ownership. E-bike rental services promote shared mobility and contribute to reducing the overall carbon footprint.

According to the research report "India Electric Bicycle (E-Bikes) Market Overview, 2029," published by Bonafide Research, the India Electric Bicycle (E-Bikes) market is anticipated to grow at more than 7.48% CAGR from 2024 to 2029. The Indian e-bike market has witnessed significant growth in recent years. With the rising awareness of sustainability and the need for eco-friendly transportation, e-bikes have gained popularity among Indian consumers. The market has experienced a surge in sales, reflecting the increasing demand for electric mobility solutions. E-bikes in India primarily serve as a convenient mode of urban commuting. The dense and congested cities, coupled with limited parking spaces and traffic congestion, make e-bikes an attractive option for navigating through city streets. E-bikes offer a sustainable and efficient alternative for short-distance commuting, reducing travel time and environmental impact. E-bikes provide a cost-effective means of transportation in India. With their lower purchase cost compared to traditional motorcycles or scooters, e-bikes offer an affordable mobility solution for many Indian consumers. Additionally, the operational costs of e-bikes, including charging the battery, are considerably lower than fuel costs, leading to long-term cost savings. E-bikes play a crucial role in improving last-mile connectivity in India.

The India e-bikes market is characterized by a significant inclination towards pedal assist propulsion and Class 1 e-bikes, which have established themselves as frontrunners in their respective categories. Pedal assist e-bikes enhance the rider's pedaling efforts, providing a harmonious blend of traditional cycling and electric support, making them particularly attractive to consumers who prioritize both fitness and convenience. This propulsion type not only promotes a healthier lifestyle but also resonates with India's growing focus on sustainable transportation solutions. In the context of class types, Class 1 e-bikes, which operate solely on pedal assist and are designed to maintain a maximum speed of 20 mph, are especially popular among urban commuters and recreational cyclists. Their design ensures a safe riding experience while complying with local regulations, further enhancing their appeal. Although throttle-operated e-bikes, classified as Class 2, offer an alternative for those seeking effortless riding without the need for continuous pedaling, and Class 3 speed pedelecs cater to riders desiring higher speeds, the prominence of pedal assist and Class 1 e-bikes highlights a broader trend towards eco-friendly and health-conscious transportation options in India.

In the India e-bike market, the Battery Type segment is a key factor influencing the adoption and functionality of electric bicycles across the country. Lithium-Ion batteries are highly sought after for their light weight, long life, and energy efficiency, making them well-suited for India’s urban commuters who require long-range capabilities and quick charging for daily travel. These batteries support the growing demand for e-bikes, particularly in major cities where traffic congestion is common, offering an eco-friendly and practical alternative to traditional transport. Lead-Acid batteries, though heavier and less efficient, remain a cost-effective option for more budget-conscious consumers and are used in some entry-level e-bike models. Additionally, other emerging battery technologies are being explored for their potential to offer greater energy density, safety, and environmental benefits.

In the India e-bike market, the application segment includes City/Urban, Trekking (E-mountain Bikes/e-MTB), Cargo, and Others (Speed e-bikes, Foldable, Fat Bicycle). Urban and Trekking e-bikes hold the major share due to the growing need for sustainable mobility solutions and increasing interest in outdoor activities. In urban areas, e-bikes offer an affordable and eco-friendly alternative to traditional vehicles, addressing issues like traffic congestion, air pollution, and the rising cost of fuel. Cities such as Delhi, Mumbai, and Bengaluru have seen a surge in e-bike usage, driven by government incentives and the expansion of cycling infrastructure. Trekking e-bikes, including e-MTBs, are gaining popularity with India’s diverse terrain and growing interest in adventure tourism and fitness activities. These bikes cater to consumers seeking both recreational and fitness benefits, especially in regions with easy access to hills and forests. While Cargo e-bikes and other niche models are emerging, Urban and Trekking applications dominate the market.



COVID-19 Impacts:
The COVID-19 outbreak has given a huge boost to the electric bike market. As people have become more cautious and with public transport taking a backseat even after the lifting of lockdowns, electric bikes have turned out to be the preferred choice of transport because it's fast, easy to ride, cheap and safe. The government restrictions and lockdowns during the first quarter of 2020 dampened the sale of e-Bikes as the stores were closed, and the commute was allowed for only essential services. However, after removing all impositions due to increased vaccination drives, things have started to normalize with the opening of offices and all other regular activity stores globally, which has again increased the regular travel scenario of commuters. The electric bike market is estimated to observe a huge boost in sales post-COVID-19 during the forecast period.

Considered in this report
• Geography: India
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• India Electric Bicycle (E-Bikes) market with its value and forecast along with its segments
• Various divers and challenges
• Ongoing trends and developments
• Five force models
• Top profiled companies
• Strategic recommendation

Segment covered in the report
By Propulsion Type
• Pedal Assist
• Throttle

By Class Type
• Class 1: Pedal Assist
• Class 2: Throttle On Demand
• Class 3: Speed Pedelec

By Battery Type
• Lithium-Ion Battery
• Lead-Acid Battery
• Others

By Application
• City/Urban
• Trekking (E-mountain Bikes/e-MTB)
• Cargo
• Others (Speed e-bikes, Foldable, Fat Bicycle)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing the government- generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have verified the details obtained from secondary sources.

Intended audience:
This report can be useful to Industry consultants, manufacturers, suppliers, associations & organizations related to electric bicycle products industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry