India Two Wheeler Market Report, Industry Trends, Share, Size, Growth Rate and Forecast 2023-2028

According to the latest report by IMARC Group “India Two Wheeler Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The India two-wheeler market size reached a volume of 18 Million Units in 2022. Looking forward, IMARC Group expects the market to reach a volume of 48.1 Million Units by 2028, exhibiting a growth rate (CAGR) of 17.80% during 2023-2028.

Two wheelers refer to vehicles such as motorcycles, bicycles, mopeds, scooters, etc. They can be manual or operated on electric- and fuel-based motors. Two wheelers have several benefits over three or four-wheeled vehicles, including maneuverability, higher fuel efficiency, cost-effectiveness, lower carbon emissions, etc. Additionally, they reduce dependency on public transit systems and decrease travel time.

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India Two Wheeler Market Trends:

The escalating levels of urbanization coupled with the inflating disposable incomes of the consumers are primarily augmenting the growth of India two wheeler market. In addition to this, the improving living standards and the growing number of female drivers are also driving the sales of two-wheelers in the country. Besides this, the increasing environmental awareness towards high vehicular pollution from heavy-duty automobiles is further creating a positive outlook for the market. Apart from this, the soaring popularity of electric and hybrid two-wheelers that emit lower carbon emissions is acting as a significant growth-inducing factor. Furthermore, the expanding tourism industry is fueling the requirement for two-wheeler rentals, thereby stimulating the product demand in the country. Additionally, the emergence of several advanced technologies, such as anti-braking systems, ride-by-wire, traction/wheelie control, etc., is anticipated to catalyze the market for two wheelers in India during the forecast period.

The report has segmented the market on the basis of Breakup by Vehicle Type, Breakup by Engine Capacity and Breakup by Region.

Breakup by Vehicle Type:

  • Motorcycle
  • Scooter
  • Moped
  • Electric Two Wheeler

Breakup by Engine Capacity:

  • <100cc
  • 100-125cc
  • 126-180cc
  • 181-250cc
  • 251-500cc
  • 501-800cc
  • 801-1600cc
  • >1600cc

Breakup by Region:

  • North India
  • East India
  • West and Central India
  • South India

Competitive Landscape:

  • Bajaj Auto Ltd.
  • Hero MotoCorp Ltd.
  • Honda Motorcycle & Scooter India Pvt. Ltd.
  • Maruti Suzuki India Limited
  • TVS Motor Company

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