The sales reached an all-time high as of 2023, when India auto industry sold some million units. Two-wheeler vehicles also made up most vehicles in production in India, followed by passenger vehicles. There are many kinds of two-wheeler vehicles available in India, including scooters, motorcycles, and mopeds. The leading two-wheeler manufacturer in India was Hero MotoCorp. The manufacturer of the very popular Splendor motorcycle model is headquartered in India's capital New Delhi. The India 2-Wheeler Market was valued at approximately USD 18.5 Billion in 2023 and is expected to grow at a robust CAGR of around 10.1% during the forecast period (2024-2032)

Market Overview

India is the second-largest two-wheeler market in the world. It stands next only to China and Japan in terms of the number of two-wheelers produced and the sales of two-wheelers respectively. The Indian two-wheeler market accounted for million units, and have industry has witnessed a CAGR (Compound Annual Growth Rate) growth of % over the last three decades. The average number of two-wheelers per 1000 people in India is 31. The Indian 2-Wheeler industry is dominated by 3 major players, which account for more than 80% share in the industry.

India Two-Wheeler Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

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By vehicle type, the market is primarily bifurcated into:

·       Motorcycle

·       Scooter

·       Moped

The motorcycle was the largest segment in 2021, with almost XX million units sold while performance bike sales merely reached XX million units for the same year.

By class, the market is primarily studied into:

·       Economy

·       Executive

·       Premium

The economy was the largest segment in 2021, with almost XX million units sold while the premium segment reached a sales figure of XX million units in 2021.

India Two-Wheeler Market Region Segmentation Includes:

·       North India

·       East India

·       West India

·       South India

For a better understanding of the market, the report is analyzed based on different regions including India (North India, East India, West India, and South India).

The major players targeting the market includes:

·      Hero MotoCorp Ltd

·      Bajaj Auto Ltd

·      TVS Motor Company

·      Honda Motorcycle and Scooter India, Pvt. Ltd

·      India Yamaha Motor Pvt. Ltd

·      Suzuki Motorcycle India, Pvt. Ltd

·      Mahindra

·      Royal Enfield Motors Ltd

·      Piaggio Vehicles Pvt. Ltd

·      Hero Electric

·      Okinawa

·      Ather Energy

·      Ampere Vehicles

·      Revolt

·      Ola Electric Mobility

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Competitive Landscape

The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating in the global context. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in India’s two-wheeler market. The major players have been analyzed using different research methodologies for getting insight views on market competition.

Key questions resolved through this analytical market research report include:

·       What are the latest trends, new patterns, and advancements in India’s Two-Wheeler Market?

·       Which factors are influencing India’s two-wheeler market over the forecast period?

·       What are the challenges, threats, and risks in India’s two-wheeler market?

·       Which factors are propelling and restraining India’s two-wheeler market?

·       What are the demanding regions of the two-wheelers nationally?

·       What will be the market size in the upcoming years?

·       What are the crucial market acquisition strategies and policies applied by the companies?

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