year 2021 has clearly shown that Indians have begun to prefer registered high
speed electric two wheelers (E2W) as compared to non-registered low speed two
wheelers. Thus, while registered high speed two wheelers grew by 425 per cent,
the low speed ones grew by a mere 24 per cent in 2021 as compared to 2020.
2020, high speed registered electric two wheelers constituted a mere 27 per
cent of total electric two wheeler sales but this figure jumped to 61 per cent
in 2021. Non-registered low speed electric two wheelers are those which have a
maximum speed of 25kmph and hence do not require registration according to government
total sales of E2W, including high-speed (HS) and low-speed E2W, in the
12-month period (Jan-Dec) in 2021 increased by 132% over the corresponding year
2020. The industry registered sales of 233971 E2W as against 100736 units sold
Sale of E-Two
high-speed E2Ws, which have speeds greater than 25km/hour and require a full
license, registered a whopping 425% growth, while the low-speed E2Ws (less than
25km/hour, no license, no registration) grew only by 24%.
low speed has had negative growth in the last 2 quarters of 2021. The market
share of the low-speed segment used to be upwards of 70% in all the previous
years, and that has dipped to less than 15% in the last quarter of Oct-Dec
2021. The low-speed E2Ws are not subsidized under the FAME 2 policy that allows
incentives for only high-speed bikes based on their battery capacity @ Rs.15000
kwh, which has made the entry-level high-speed e2ws cheaper than many of the
on the performance of the industry, Sohinder Gill, Director General, Society of
Manufacturers of Electric Vehicles (SMEV) said, “We haven’t seen better days
than the last few months in the entire EV journey. In the last 15 years, we
collectively sold around 1 million e2w, e-three wheelers, e-cars, and e-buses,
and we will most likely sell the same 1 million units in just one year
beginning January 22. The recent positive changes in EV policy through FAME 2
are a game-changer and a decisive move by the government to ensure a cleaner
and greener transportation sector, reducing reliance on expensive and contaminated
liquid fuel. Customers have now started shifting in large numbers from petrol
two-wheelers to electric ones due to attractive prices, lower running costs,
and lower maintenance. A significant percentage of customers also factor in the
environment and sustainability in their decision to buy an electric
two-wheeler. Going by the recent monthly trends, the next 12 months may see 5
to 6 times the growth over the previous 12 months.”
E2W market is divided into 3 segments, low speed, city speed, and high speed.
While the low-speed segment is waning away, the city speed segment (up to 50
km/hr) is gaining traction due to attractive pricing and lower replacement
costs of batteries. Adoption in the high-speed segment, i.e., 70 km/hr, is low
but may increase in the next few years as the battery prices come down.
Sale of top 10 players of registered
E Two-wheelers Jan- Dec 2021
Jitendra New EV
Total of top 10 players
The data doesn’t include
The above data has been collated from the Govt records
explained the confusing nomenclature used for electric two-wheelers in India by
saying, “Currently, all-electric two-wheelers sold in India are called electric
bikes or e-bikes, but in fact, they are either electric motorcycles (around 2%
of the market) or electric scooters (98%) that can comfortably seat two people
and look like their petrol two-wheeler counterparts. There are no e-scooters
like the ones seen in North America or Europe on which a rider can stand and go
short distances. Electric cycle sales in India (popularly known as e-bikes
globally) are also negligible and just beginning to happen. However, in the
next 2 to 3 years, we will have products across all segments, ranging from
e-scooters, e-motorcycles, and e-cycles from large and organized players. In
four to five years, we can now confidently predict that around 30% of the
two-wheeler market will be electric.”
federal and state policies are acting as strong tailwinds to transform India’s
mobility sector to electric and help achieve a reduction in atmospheric
pollution as well as the ever-burgeoning crude oil import bill,” he added.
ExxonMobil Lubricants Pvt Ltd announced the launch of its next-generation passenger vehicle lubricants - ‘Mobil Super,’ in new, improved packaging with refreshed labels. The improved packaging offers ...
Michelin, the world’s leading sustainable mobility company, has become the first tyre brand in the passenger vehicle segment in India to be accredited with the newly introduced star labelling programm...
With an aim to reduce manual intervention and enhance vehicle inspections, MyRaasta, a car and bike service aggregator, has introduced Artificial Intelligence (AI)-based vehicle inspection technology ...