India Electric Two Wheeler Market - 2023 | TechSci Research

1. India Electric Two-Wheeler M a r k e t By Vehicle Type, By Battery Capacity, ByBatteryType,CompetitionForecast& Opportunities, FY2013-FY2023 1

2. T a b l e o f C o n t e n ts © TechSciResearch

3. T a b l e o f C o n t e n ts © TechSciResearch

4. T a b l e o f C o n t e n ts © TechSciResearch

5. T a b l e o f C o n t e n ts © TechSciResearch

6. P r o d u c tO v e r v i ew Electric Two-WheelerDefinition Electric two-wheelers are vehicles that are powered by electricity. Electric two- wheelers can be divided into two categories electric scooters (e-scooters) and electric motorcycles (e-motorcycles). A battery pack and a motor are installed in the vehicles to store and transform the electricity. The user control is attached to the handle bar to stop and adjust thespeed. Classification According to VehicleType © TechSciResearch

7. R e s e a r c h M e t h o d o l o gy Market Profiling • In-depth secondary research was conducted to determine top players in India electric two- wheeler market, overall market size and segmental marketsize. Research& Intelligence Data Collection DataFilter &Analysis Actionable Insights Business Solution • FormulatingQuestionnaire • In order to conduct industry experts interviews, TechSci formulated a detailedquestionnaire. • Identifying KeyOpinion Leaders Developing list ofrespondents • QuestionnaireDesign • In-depthInterviews A Primary Research • Recent • Developments • Market Changing Aspects/Dynamics • Government Policies • FinalConclusion • List of industry players and industryspecialists • wasdeveloped. B Desk Research DataCollection C Company Analysis • TechSci conducted interviews with industry experts, industry players, for data collection and verification. • MarketParticipants • KeyStrengths DataValidation • Data obtained as a result of primary and secondary research was validated through rigoroustriangulation. PaidSources Primary Research Secondary Research • Factiva • Hoovers • LinkedIn • TechSciInternal database • Company Website • CompanyAnnual Reports • White PaperStudy • FinancialReports • Investor • Presentations • Regulatory Body, • Associations,etc. DataAnalysis • The data was scrutinized using MS-Excel and statistical tools, such as Time Series Analysis etc., to obtain qualitative and quantitative insights about the India electric two-wheeler market. 7 ©TechSci Research

8. I n d u s t r yB r i ef Electric Two-Wheeler Sales in India to Grow at 23%until FY 2023 According to TechSci Research report, “India Electric Two-Wheeler MarketBy Vehicle Type, By Battery Capacity, By Battery Type, Competition Forecast & Opportunities, FY2013-FY2023”, the market for electric two-wheelers in India is projected to witness a CAGR of 23% during FY2018 - FY 2023. Growth in the country’s electric two-wheeler market is led by rising concerns about vehicular pollution and increasing government support with several initiatives directed towards promoting the use of electric two-wheelers across the country. Additionally, increasing R&D focus by leading companies to develop technologically advanced products and growing inclination of consumers towards electric two- wheelers is further anticipated to boost sales of electric two-wheelers across the country during the forecastperiod. On the basis of vehicle type, electric two-wheelers market is broadly segmented into two categories, namely scooter and motorcycle. In FY 2017, scooters dominated the country’s electric two-wheeler market with 100% market share. Rising adoption of electric two-wheelers can be attributed to increasing government support through several subsidies under its FAME India scheme, which supports faster adoption of electric two-wheelers in the country. Among regions, North region dominates India electric two-wheeler market with the region accounting for nearly half of the sales of electric two-wheelers in the country in FY 2017. On the basis of battery type, lead battery dominated the market in FY 2017 and is expected to continue dominating during the forecast period as well. However, the share of Li-ion battery is expected to rise at a swift pace owing to their high energy density and lower power loss. Hero Electric Vehicles Pvt. Ltd. is the market leader in India electric two-wheeler market, predominantly on account of the company’s strong dealer and distribution network across thecountry. “Demand for electric two-wheelers in India has grown over the past few years, owing to the constant efforts by the government to emphasize on the need for clean vehicles due to deteriorating air quality. To support its efforts, the government has been providing incentives on purchase of electric two- wheelers, owing to various environmental benefits associated with this vehicle segment. Moreover, with an increasing number of consumers aligning towards electric two-wheelers coupled with many ongoing research and development projects in pipeline by the major players, the unit sales of electric two- wheelers are projected to grow at a robust pace in the coming years”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consultingfirm. 8 ©TechSci Research

9. S a m p l e D a t a - S n a p s h ot Figure 11: India Electric Two-Wheeler Market Size, ByValue Figure 12: India Electric Two-Wheeler Market Share, ByVehicle (USD Million), By Volume (Thousand Units),FY2013-FY2023F Type, By Volume,FY2013-FY2023F 90% 90% 90% 90% 90% 90% 90% 90% 90% 90%90% CAGRFY2013-2017 By Value: -xxx% By Volume:-xxx% CAGRFY2018E-FY2023F By Value: xxx% By Volume:xxx% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10%10% 303030303030 10 1010 1010 1010 101010 10 10 10 10 10 10 FY18EFY19FFY20FFY21FFY22FFY23F Volume (ThousandUnit) FY13 FY14 FY15 FY16FY17 FY18EFY19FFY20FFY21FFY22FFY23F Scooter Motorcycle FY13 FY14 FY15 FY16FY17 Value (USDMillion) Figure 18: India Electric Two-Wheeler Market Attractiveness Index, By Battery Capacity, By Volume,FY2017-FY2023F Scooter 2.50% xxx% Segmental Shares (FY2017) 2.00% <25Ah Motorcycle CAGR(FY18E-FY23F) 1.50% xxx% 1.00% >25Ah USD XMillion India Electric Two-Wheeler Market,By Value,FY17 0.50% 0.00% 0.00 0.50 1.00 1.50 Low MediumHigh 9 Source:XXXXX Note: These are dummy figures; please purchase our report for actualdata ASP – USD xxx inFY17 ©TechSci Research

10. R e p o r tO r d e r i ng Report Name: India Electric Two-Wheeler Market By VehicleType, By Battery Capacity, By Battery Type, Competition Forecast & Opportunities, FY2013-FY2023 ReportPrice To View Sample OR PurchaseReport 10 ©TechSci Research

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