A brand new analysis doc is added in HTF MI database of 77 pages, titled as ‘Electrical Bikes Market in India 2020’ with detailed evaluation, Aggressive panorama, forecast and techniques. The research covers geographic evaluation that features areas and vital gamers/distributors equivalent to Electrotherm (India) Restricted, Ampere Automobiles Non-public Restricted, Ather Power Non-public Restricted, Avon Cycles Restricted, Hero Electrical Automobiles Non-public Restricted, Lohia Auto Non-public Restricted, NDS Eco Motors Non-public Restricted , Okinawa Autotech Non-public Restricted , Tork Motors Non-public Restricted, Tunwal E-Bike India Non-public Restricted. The Market has witnessed steady development previously few years and is projected to see some stability publish Q2,2020 and will develop additional throughout forecast yr 2021-2026
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India is at an early stage of the ‘transition to electrical automobiles’ section. A rise in concern over air pollution and different environmental points, and decrease working prices of electrical automobiles compared to fuel-driven automobiles are the key causes behind the elevated adoption of electrical bikes, consequently, boosting market development. With the federal government encouraging the adoption of electrified automobiles, the electrical bikes market in India is predicted to develop additional within the coming years. The price of working electrical bikes is about INR 10 for 70 Km, whereas the identical distance will be lined by a traditional counterpart at a minimal value of INR 102.
As of FY 2020, the electrical bikes market in India was valued at INR 3.58 Bn, and is predicted to develop at a compound annual development charge (CAGR) of ~52.67% in the course of the 2020-2025 interval, to achieve INR 29.67 Bn by 2025.
Electrotherm (India) Restricted, Ampere Automobiles Non-public Restricted, Ather Power Non-public Restricted, Avon Cycles Restricted, Hero Electrical Automobiles Non-public Restricted, Lohia Auto Non-public Restricted, NDS Eco Motors Non-public Restricted , Okinawa Autotech Non-public Restricted , Tork Motors Non-public Restricted, Tunwal E-Bike India Non-public Restricted
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In February 2018, the Indian authorities’s coverage assume tank, Niti Aayog proposed and mandated the electrification of all two wheelers with a displacement capability of under 150 cc by March 2025. With this coverage mandate, the two-wheeler trade is more likely to expertise a speedy transition towards electrical mobility. These initiatives have been undertaken to curb air pollution and scale back the nation’s import payments by INR ~1200 Bn by 2025. Additional, to spice up this coverage and speed up the adoption of electrical automobiles (together with bikes), the Division of Heavy Trade in affiliation with the Society of Indian Car Producers carried out the schemes of ‘FAME’ and ‘FAME II’. Different authorities initiatives anticipated to encourage the adoption of electrical bikes embrace the Nationwide Electrical Mobility Mission Plan 2020 (NEMMP 2020), the Atmanirbhar Bharat Abhiyan, and the Make in India marketing campaign.
COVID-19 impression evaluation:
The nationwide lockdown within the wake of the pandemic has marked a long-term constructive impression on the electrical bikes market in India. The demand for electrical bikes has elevated amid the pandemic, owing to the concern of virus transmission via public transport. The rising demand for the electrical ones has additionally been supported by the federal government’s obligatory electrification coverage. Furthermore, the lockdown has intrigued realisation inside those who using inside combustion engine automobiles trigger 60% extra air pollution than their electrified counterparts. After the upliftment of the lockdown, adoption of electrical bikes as a private mode of transport surged multifold, and the expansion is more likely to proceed in the long term as nicely.
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Chapter 1: Government abstract
Chapter 2: Socio-economic indicators
Chapter 3: Introduction
3.1. Market definition and construction
Chapter 4: India electrical bikes market overview
4.1. Market dimension and development forecast primarily based on worth (FY 2018-FY 2025e)
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