{"id":11429,"date":"2023-08-28T14:16:32","date_gmt":"2023-08-28T14:16:32","guid":{"rendered":"\/blog\/?p=11429"},"modified":"2024-09-25T19:25:23","modified_gmt":"2024-09-25T13:55:23","slug":"all-you-need-to-know-about-electric-two-wheeler-industry-in-india","status":"publish","type":"post","link":"https:\/\/tata-blog.osian.dev\/blog\/loan-for-vehicle\/all-you-need-to-know-about-electric-two-wheeler-industry-in-india\/","title":{"rendered":"All you need to know about electric two-wheeler industry in India"},"content":{"rendered":"\n

Indians\nlove their bikes. They are aspirational for people across age groups – from\nstudents to working professionals. The fact that bikes are easier to maneuver\nthan cars in traffic, as well as unmotorable roads, make them perfect for\nIndian cities, towns and villages. However, the most compelling reason for\nprice-conscious Indians is that bikes are extremely affordable, provide great\nmileage and are cheaper to maintain than cars. With electric 2\nwheeler bikes gaining popularity in the Indian market, manufacturers\nare trying to match these key criteria, and it seems to be working.<\/p>\n\n\n\n

Let\u2019s\nlook at some numbers. In 2019, according to reports by PwC and DataLabs,\nelectric two wheeler in India constituted 16.4% of all electric vehicles sold\nin India. This figure rose to 20% in 2020. In the previous year, three-wheeler\nvehicles dominated the electric vehicle industry in India with 83% market\nshare, but it came down to 70% in 2020. <\/p>\n\n\n\n

Three-wheeler\nvehicles such as auto-rickshaws, being an integral part of India\u2019s public\ntransportation, have seen a much higher adoption. However, two-wheeler bikes have\nbecome the focal point for the consumer market.<\/p>\n\n\n\n

Additional Read<\/strong>: 4 Reasons Why You Should Opt for Loan While Buying Two-Wheeler<\/a><\/p>\n\n\n\n

The\nconsumer sentiment on electric two wheeler in India is bullish. With the growth\nin environmental awareness, increasing affordability, government initiatives to\nboost sales and government-industry collaboration, the electric two-wheeler\nmarket in India is expected to grow at a CAGR of over 44% during 2019-2025.<\/p>\n\n\n\n

Best electric two-wheeler in India<\/h2>\n\n\n\n

Existing\ntwo-wheeler companies, as well as new brands, have ensured there is plenty to\nchoose from if you want to buy a battery scooter in India. Renowned brands such\nas TVS, Hero and Bajaj have forayed into the segment to leverage the\nopportunity.<\/p>\n\n\n\n

Electric\nbike and e-scooty price in India is in the range of Rs 1 lakh to Rs 1.3 lakh.\nThe affordable option is the Hero Photon 48V priced at about Rs 65,000. All of\nthem need a charging time of 4-5 hours.<\/p>\n\n\n\n

Here\nare some options that are counted among the best bikes or top electric scooter\nin India: <\/p>\n\n\n\n

\u2022 Hero Photon 48V<\/h3>\n\n\n\n
\"\"<\/figure>\n\n\n\n

This\nis a reasonably priced bike, but it offers a top speed of only 45 kmph, and a\nrange of 80 kms with a full charge. <\/p>\n\n\n\n

Ex-showroom\nprice: Approximately Rs 65,000<\/p>\n\n\n\n

\u2022 Bajaj Chetak <\/h3>\n\n\n\n

This\nscooter by Bajaj provides a range of 95 kms and a top speed of 60 kmph.<\/p>\n\n\n\n

Ex-showroom\nprice: Approximately Rs 1.15 lakh<\/p>\n\n\n\n

Additional Read:<\/strong> Top 5 Mileage Bikes of Hero<\/a><\/p>\n\n\n\n

\u2022 TVS iQube Electric <\/h3>\n\n\n\n

This\nscooter offers a decent top speed of 78 kmph and a range of 75 kms.<\/p>\n\n\n\n

Ex-showroom\nprice: Approximately Rs 1.31 lakh<\/p>\n\n\n\n

There is a FAME subsidy available on purchase of electric two-wheeler bikes. While they are slightly more expensive than fuel-based ones, you can own one with easily accessible two wheeler loan<\/a> by Tata Capital. These loans provide up to 100% financing and require minimal paperwork. They also come with flexible tenure and bike loan EMI<\/a> options.<\/p>\n\n\n\n

Going green was never this easy. Leverage a Tata Capital loan and bring home an electric two-wheeler today.<\/p>\n\n\n\n

Apply Now<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Indians love their bikes. They are aspirational for people across age groups – from students to working professionals. <\/p>\n

Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":11431,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[27],"tags":[],"class_list":["post-11429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan-for-vehicle"],"yoast_head":"\nAll About the Electric Two Wheeler Market in India: - Tata Capital Blog<\/title>\n<meta name=\"description\" content=\"The Indian electric two-wheeler market is predicted to grow in coming years. 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