Top 25 Companies India Electric Two-Wheeler (E2W) Market in (2025-2033): Metastat Insights Analysis

The India Electric Two-Wheeler (E2W) Market is valued at USD 1,670.3 Million in 2025 and is projected to reach USD 8,417.5 Million by 2033, growing at a CAGR of 22.4%. The market encompasses electric scooters, motorcycles, and utility two-wheelers, catering to individual consumers, logistics fleets, and shared mobility operators. The increasing demand for environmentally friendly transportation, supported by government initiatives and rising fuel prices, drives the market's growth.

As urbanization accelerates and the need for sustainable transport solutions rises, the India Electric Two-Wheeler market is evolving rapidly. Manufacturers are focusing on innovative designs and technology integration, contributing to better performance and user experience.

India Electric Two-Wheeler (E2W) Market Size, Data, & Statistics

The market size in 2021 was USD 751.7 Million, indicating the initial phase of growth in the electric two-wheeler segment. In 2022, it grew to USD 913.3 Million, reflecting increasing consumer interest and investment. The market further expanded to USD 1,121.5 Million in 2023, showing a consistent upward trend.

By 2024, the market is expected to reach USD 1,360.6 Million, driven by heightened consumer awareness and improved infrastructure. In 2025, the projected market size is USD 1,670.3 Million, continuing the growth trajectory.

The forecast for 2033 indicates a substantial increase to USD 8,417.5 Million, highlighting the market's potential over the next decade. The CAGR from 2025 to 2033 is expected to be 22.4%, showcasing robust expansion opportunities.

In terms of regional shares, Electric Scooters and Mopeds account for 1%, Electric Motorcycles for 2%, and Electric Utility Two-Wheelers represent 3% of the market.

Top 10 Trends in the India Electric Two-Wheeler (E2W) Market

Government incentives boost electric vehicle adoption

Incentives and subsidies significantly motivate consumers to purchase electric two-wheelers. Government policies aimed at reducing emissions and promoting green technology are reshaping the market.

Charging infrastructure development accelerates

Investment in charging stations enhances the convenience of owning electric two-wheelers. This development alleviates range anxiety among potential buyers, leading to increased sales.

Technological advancements in battery efficiency

Innovations in battery technology enhance performance and reduce charging times. Improved energy storage solutions contribute to longer ranges for electric two-wheelers, attracting more consumers.

Focus on design and user experience

Manufacturers prioritize aesthetics and user-friendly features in electric two-wheelers. Enhanced designs appeal to a broader audience, boosting market share.

Rise of smart connectivity features

Integration of smart technology in electric two-wheelers enhances functionality and user engagement. Features such as smartphone connectivity and navigation systems are becoming standard.

Consumer awareness of environmental impact

Growing awareness of climate change and pollution encourages consumers to choose electric vehicles. This shift towards sustainable transport solutions significantly influences market growth.

Urban mobility solutions gain traction

Electric two-wheelers are increasingly viewed as an ideal solution for urban commuting. Their compact size and efficiency make them suitable for congested cities.

Collaborations between companies and government

Partnerships aimed at expanding the electric vehicle ecosystem are forming. Collaborative efforts enhance resources and expertise, leading to more effective solutions.

Investment in research and development

Companies allocate resources to R&D for improving electric vehicle technology. Enhanced performance and sustainability are key focus areas for future developments.

Shift towards shared mobility solutions

Shared mobility platforms are integrating electric two-wheelers into their fleets. This trend provides consumers with flexible transportation options while promoting environmental responsibility.

Top 25 Companies in the India Electric Two-Wheeler (E2W) Market

1. Ather Energy Limited

Headquarters: Bangalore, India. · Founded: 2013. Ather Energy specializes in electric scooters and has developed a strong brand presence in the Indian market. The company focuses on innovation, offering high-performance electric vehicles equipped with smart technology, catering to urban commuters.

Ather Energy’s approach emphasizes sustainability and user experience. The brand targets creating an ecosystem for electric vehicles, including charging infrastructure and community engagement initiatives to promote electric mobility in cities.

2. Bajaj Auto Limited (Chetak)

Headquarters: Pune, India. · Founded: 1945. Bajaj Auto produces a range of two-wheelers, including the Chetak electric scooter. The brand is known for its legacy in the automotive industry and is transitioning towards electric mobility.

The Chetak electric scooter features modern design and technology. Bajaj Auto’s strategy combines heritage with innovation, ensuring that their electric offerings meet the evolving demands of consumers.

3. BGauss Auto Private Limited

Headquarters: Ahmedabad, India. · Founded: 2018. BGauss Auto focuses on creating electric scooters tailored for urban commuting. The company emphasizes affordability and efficiency, appealing to a broad consumer base.

BGauss Auto employs advanced technology in its products, aiming for sustainable mobility solutions. By addressing the practical needs of daily commuters, BGauss seeks to capture a significant share of the market.

4. e-Sprinto

Headquarters: Pune, India. · Founded: 2021. e-Sprinto specializes in electric two-wheelers, particularly targeting the youth demographic. The company's focus lies in delivering stylish, performance-oriented scooters.

e-Sprinto aims to innovate through design and technology, ensuring that their electric vehicles appeal to young consumers looking for sustainability without compromising on aesthetics.

5. Greaves Electric Mobility Limited (Ampere)

Headquarters: Coimbatore, India. · Founded: 2020. Greaves Electric Mobility, under the Ampere brand, produces electric scooters and has a growing presence in the market. The company focuses on affordability and accessibility for consumers.

Ampere’s products are designed to cater to a variety of users, including personal and commercial applications, highlighting Greaves’ commitment to promoting electric mobility across different segments.

6. Hero MotoCorp Limited (VIDA)

Headquarters: Gurugram, India. · Founded: 1984. Hero MotoCorp is a well-established player in the two-wheeler market and is expanding into the electric segment through its VIDA brand. The company leverages its extensive experience to develop high-quality electric vehicles.

VIDA aims to combine innovation with performance, offering electric scooters that embody the same reliability Hero is known for. The company’s strategy focuses on enhancing consumer experience while promoting sustainable practices.

7. iVOOMi Energy

Headquarters: Noida, India. · Founded: 2019. iVOOMi Energy focuses on electric scooters, targeting young and tech-savvy consumers. The company emphasizes smart features and modern designs in its offerings.

iVOOMi’s commitment to innovation includes integrating technology that enhances user interaction. The brand seeks to establish itself as a key player in the electric two-wheeler market by appealing to the lifestyle of urban riders.

8. Kinetic Green Energy & Power Solutions Limited

Headquarters: Pune, India. · Founded: 2015. Kinetic Green is dedicated to manufacturing electric vehicles, including scooters and utility solutions. The company aims to provide eco-friendly transport options for both personal and commercial use.

Kinetic Green emphasizes sustainability and energy efficiency in its products, promoting the adoption of electric mobility in various sectors, including last-mile delivery.

9. Komaki Electric Vehicle

Headquarters: Delhi, India. · Founded: 2016. Komaki Electric Vehicle is known for its diverse range of electric scooters and motorcycles. The company focuses on providing affordable yet feature-rich options for consumers.

Komaki’s strategy includes leveraging local manufacturing to enhance supply chain efficiency. The brand aims to cater to a wide audience by blending performance with cost-effectiveness.

10. Lectrix E-Vehicle Private Limited

Headquarters: Bangalore, India. · Founded: 2018. Lectrix specializes in electric scooters, focusing on innovative designs and performance. The company aims to provide reliable and efficient transportation solutions.

Lectrix's commitment to quality and user satisfaction drives its product development. The brand prioritizes sustainability while ensuring that its offerings meet the needs of modern consumers.

11. MATTER

Headquarters: Ahmedabad, India. · Founded: 2021. MATTER focuses on premium electric motorcycles designed for performance enthusiasts. The company aims to revolutionize the electric two-wheeler segment with powerful performance and advanced features.

MATTER's innovative approach emphasizes advanced technology and sustainable practices, targeting a niche market of consumers seeking high-performance electric options.

12. Oben Electric

Headquarters: Bangalore, India. · Founded: 2021. Oben Electric specializes in manufacturing electric motorcycles aimed at tech-savvy riders. The company combines advanced technology with contemporary design.

Oben aims to create a strong community around electric mobility, focusing on performance and sustainability. The brand seeks to challenge traditional motorcycling norms with innovative electric solutions.

13. Odysse Electric Vehicles

Headquarters: Gurgaon, India. · Founded: 2016. Odysse Electric Vehicles is known for its range of electric scooters designed for urban commuting. The company emphasizes reliability and affordability in its offerings.

Odysse's mission includes promoting eco-friendly transportation options while ensuring that its products meet the practical needs of everyday users.

14. Okinawa Autotec Private Limited

Headquarters: Jaipur, India. · Founded: 2015. Okinawa Autotec specializes in electric scooters and has established a strong market presence. The company is committed to making electric mobility accessible to a broader audience.

Okinawa's focus on innovation and customer satisfaction drives its product development. The brand aims to create sustainable transport solutions that appeal to consumers across demographics.

15. Ola Electric Mobility Limited

Headquarters: Bangalore, India. · Founded: 2017. Ola Electric is a major player in the electric two-wheeler market, known for its advanced technology and ambitious growth plans. The company aims to lead the transition to electric vehicles in India.

The brand focuses on creating a robust ecosystem that includes manufacturing, charging infrastructure, and user engagement. Ola Electric emphasizes sustainability and aims to reduce carbon emissions through its innovative solutions.

16. OPG Mobility and Power Private Limited

Headquarters: Faridabad, India. · Founded: 2017. OPG Mobility develops electric two-wheelers with a focus on performance and efficiency. The company is emerging as a notable player in the electric mobility space.

OPG aims to provide affordable electric solutions while ensuring that its products meet stringent quality standards. The brand seeks to contribute to a sustainable future through its offerings.

17. PURE Energy (PURE EV)

Headquarters: Hyderabad, India. · Founded: 2018. PURE Energy focuses on electric scooters and has gained attention for its innovative designs. The company emphasizes sustainability and user satisfaction in its approach.

PURE EV aims to create an ecosystem that supports electric mobility through advanced technology and community initiatives, promoting a cleaner environment.

18. Revolt Intellicorp Private Limited (Revolt Motors)

Headquarters: Gurugram, India. · Founded: 2019. Revolt Motors specializes in electric motorcycles, targeting a younger demographic with a focus on modern technology and design.

The company aims to transform the motorcycle experience through innovation and connectivity features. Revolt's offerings encourage a shift towards sustainable mobility among new riders.

19. River Mobility Private Limited

Headquarters: Bangalore, India. · Founded: 2021. River Mobility focuses on electric scooters designed for urban commuting. The company emphasizes user-friendly features and performance.

River aims to facilitate sustainable transport solutions, enhancing the commuting experience for city dwellers and contributing to a greener environment.

20. Simpleenergy Private Limited

Headquarters: Bangalore, India. · Founded: 2019. Simpleenergy is known for its innovative electric scooters that combine style and performance. The company targets a diverse consumer base interested in sustainable mobility.

Simpleenergy's commitment to research and development drives its product offerings. The brand aims to provide advanced solutions that appeal to modern consumers.

21. TVS Motor Company Limited

Headquarters: Hosur, India. · Founded: 1978. TVS Motor Company is a well-established two-wheeler manufacturer expanding its electric vehicle offerings. The company leverages its extensive experience in the automotive sector.

TVS focuses on delivering reliable electric motorcycles and scooters that meet the needs of various consumers. The brand aims to enhance the electric mobility landscape through innovation and quality.

22. Ultraviolette Automotive Private Limited

Headquarters: Bangalore, India. · Founded: 2016. Ultraviolette Automotive specializes in high-performance electric motorcycles. The company aims to cater to performance enthusiasts with advanced technology and design.

Ultraviolette’s innovative approach positions it as a significant player in the premium electric two-wheeler segment, focusing on sustainability and advanced engineering.

23. Wardwizard Innovations & Mobility Limited (Joy e-bike)

Headquarters: Vadodara, India. · Founded: 2018. Wardwizard Innovations is known for its Joy e-bike range, which includes various electric two-wheelers. The company emphasizes affordability and functionality in its products.

Wardwizard aims to promote electric mobility through innovative designs and comprehensive solutions, ensuring that consumers have reliable options for sustainable transport.

24. Wickedride Adventure Services Private Limited (Bounce Infinity)

Headquarters: Bangalore, India. · Founded: 2014. Wickedride operates the Bounce Infinity brand, focusing on electric scooters for urban commuting. The company aims to provide sustainable mobility solutions through innovative services.

Bounce Infinity prioritizes user experience and flexibility, encouraging the adoption of electric vehicles in urban settings through various initiatives.

25. Zelio E-Mobility Limited

Headquarters: Noida, India. · Founded: 2018. Zelio E-Mobility focuses on electric two-wheelers and aims to contribute to sustainable transportation solutions. The company emphasizes quality and affordability in its offerings.

Zelio seeks to provide eco-friendly transportation options that appeal to urban commuters, promoting the adoption of electric mobility.

Conclusion

The India Electric Two-Wheeler (E2W) market is on a significant growth trajectory, with projections indicating robust expansion through 2033. The diverse range of companies operating in this market reflects a dynamic ecosystem committed to innovation and sustainability.

As the market matures, consumers will benefit from enhanced choices in electric two-wheelers. Understanding the competitive landscape and the key players offers valuable insights for potential buyers and stakeholders in the electric mobility space.