India Electric Motorcycle Market to Flourish at a CAGR of Around 18.49% During 2026-32

The India electric motorcycle market was valued at USD 1.54 billion in 2025 and is projected to grow from USD 1.98 billion in 2026 to USD 5.48 billion by 2032, registering a CAGR of 18.49% during 2026–2032. The market is gaining momentum as consumers increasingly seek lower running costs, fuel savings, and technologically advanced mobility, while manufacturers expand dedicated electric motorcycle portfolios.

Government incentives and infrastructure investments are supporting market expansion by improving the affordability and ecosystem readiness of electric motorcycles. Under the PM E-DRIVE scheme, approximately USD 211 million was allocated to support 2.479 million electric two-wheelers registered between April 2024 and March 2026. By December 21, 2025, around 1.819 million electric two-wheelers had been sold under the scheme, representing approximately 73% of the targeted volume.

Additionally, charging infrastructure investment is helping address range-related concerns and support broader EV adoption. PM E-DRIVE allocated approximately USD 238 million for EV charging infrastructure, while around USD 141 million had been reimbursed to OEMs by February 5, 2026, covering incentives for 1.439 million electric two-wheelers. Furthermore, connected and software-defined features are emerging as important market trends, with models such as Ola Electric’s Roadster incorporating OTA updates, navigation, riding modes, regenerative braking, and connected services.

In parallel, lithium-ion batteries lead the market, accounting for nearly 90% share in 2026, supported by their higher energy density, lower weight, longer usable range, and suitability for faster charging. By voltage type, the 48–60V segment holds the leading position with an estimated 40% share, supported by its balance of affordability, performance, energy efficiency, and suitability for urban and suburban commuting.

Moreover, charging times of up to 6.5 hours and range anxiety are creating opportunities for fast-charging and battery-swapping technologies. Reliance New Energy is preparing battery-swapping services for electric two-wheelers targeting logistics and delivery applications, while Ultraviolette’s X47 Crossover offers 211 km and 323 km IDC range through two battery configurations. Consequently, expanding product portfolios, charging solutions, and established manufacturer participation, including Royal Enfield’s Flying Flea C6 launch, are expected to support sustained electric motorcycle adoption across India. These trends are highlighted in the latest report, "India Electric Motorcycle Market Analysis, 2026."

India Electric Motorcycle Market Highlights

India electric motorcycle market was valued at USD 1.54 billion in 2025 and is projected to reach USD 1.98 billion in 2026, further expanding to USD 5.48 billion by 2032.
The industry is projected to register a CAGR of 18.49% during 2026–2032, supported by government incentives, charging-infrastructure investment, rising demand for lower running costs, fuel savings, and technologically advanced electric mobility.
By battery type, Lithium-Ion holds the leading position with approximately 90% share in 2026, supported by higher energy density, lower weight, longer usable range, strong power output, and compatibility with faster charging.
By voltage type, 48–60V holds the leading position with approximately 40% share in 2026, supported by its balance of affordability, performance, energy efficiency, and suitability for urban and suburban commuting.
The market remains moderately consolidated, with the top five players, including Ola Electric Mobility Limited, Revolt Intellicorp Private Limited, Ultraviolette Automotive Private Limited, Oben Rides International Private Limited, and Kabira Mobility Private Limited, collectively accounting for approximately 60% share.

India Electric Motorcycle Market Segmentation

By Battery Type
- Lithium-Ion
- Sealed Lead Acid
- Nickel Metal Hydride
- Sodium-Ion
By Battery Technology
- Removable
- Non-Removable
By Voltage Type
- Below 48V
- 48–60V
- 61–72V
- 73–96V
- Above 96V
By Motor Type
- Hub Motor
- Mid-Drive Motor
- Chassis Mounted Motor
By Travel Range
- Below 75 Miles
- 75–100 Miles
- Above 100 Miles
By Region
- North
- South
- East
- West