In recent years, there has been a rise in the demand for e-bikes in India. However, during and after the COVID-19 pandemic, the e-bike industry, like most others see a drastic decrease due to a total shutdown of manufacturing sites, tight COVID-19 criteria to be followed during production, interruption of the supply chain, and other factors. In India, the e-bike market is still in its infancy, with several local firms offering a diverse variety of devices. E-bike makers are focusing on improving the entire user interface
by creating and developing e-bikes that can interact with the riders’ smartphones and deliver real-time information on the speed and battery level. Customers are becoming more
interested in e-bikes as a result of this. The market for electric bikes in India is positioned to develop fast throughout the forecast period, with an increasing number of companies entering the market and increased demand for e-bikes in last-mile deliveries.
The Indian e-bike market was valued at USD 1.14 million in 2021, and it is expected to reach USD 2.31 million by 2027, projecting a CAGR of 12.69% during the forecast period (2022-2027). The growing customer demand for electric bikes for recreational and adventurous activities and the use of e-bikes in other sectors such as logistics and rentals are propelling the electric bike market in India forward. Electric two-wheeler sales increase by 132% in 2021. The country’s large population, along with improving last-mile logistics, is predicted to provide the e-bike market with a boost throughout the forecast period. The future of the electric bicycles (e-bike) market in India looks promising with opportunities in the areas of traveling, exercise/fitness, and recreational activities. The major drives for this market are increasing health-conscious consumers, high traffic congestion, environmental concerns, and increasing government initiatives to promote cycling to reduce carbon
emissions.
Key Points that show e-bikes are the future of
two-wheeled vehicles.
- Traffic problem is irritating the city life nowadays.
- People can’t reach the office on time due to traffic.
- Using a motorcycle or car for short-distance travel creates a
- lot of pollution.
- E-bikes offer a range of 50-75km per charge. This is enough
- to get into the workplace from home or cottage.
- We can reduce the traffic problem and pollution by using e-
- bikes.
- For the long intra-university transportation & to move
- between the hostel and the campus, E-Bike is the best
- choice. We can keep the campuses green and less crowded.