Reasons To Invest

2 wheeler
Two-wheeler segment: Expected to be valued at $200 mn by 2023 and penetration of 34.5% by 2025
3 wheeler
Three-wheeler segment: Expected to be valued at $1 bn by 2030 and penetration of 63% by 2025
4 wheeler
Four-wheeler: Expected to be valued at $700mn by 2025 and penetration of 25% by 2025

How We Help Investors

Research Content Provider

Research Content Provider

Location Analysis

Location Analysis

Policy Advisory/Representation

Policy Advisory/Representation

Stakeholders Meeting

Stakeholders Meeting

Issue Resoution

Issue Resoution

Regulatory Clearance Facilitation

Regulatory Clearance Facilitation

FDI Norms

100% FDI is allowed under this sector under the automatic route
FDI
100%

FDI Allowed

Did you Know?

The xEV component market is expected to grow to ~$12 billion by 2025

Government Support

Charging Stations

 Charging stations do not need a separate licence under the Electricity Act of 2003 as of April’18

Demand Creation

An outlay of INR 10,000 cr has been made for FAME-II over 3 years till 2022. INR 8597 cr has been set aside for incentives and INR 1000 cr has been kept for charging infrastructure

GigaWatt Cell Manufacturing Plan in 2019

The Government of India is working on a GigaWatt Cell Manufacturing Plan. This plan is currently underway and it seeks to invite 50GWH of cell manufacturing capacity in India by 2025.

Charging as a Service:

Ministry of Power has issued a notification clarifying a clause in the Electricity Act 2003 that charging for the purpose of charging an electric vehicle is classified as a service and that no licence is required for this business activity

Major Investors

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Infrastructure Map

Product Profiles

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2W fleets are likely to shift to EVs much more rapidly. EVs in 2W segment can potentially target 34.5% of total 2W market – actual penetration could vary.
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The electric two-wheeler market in India is emerging on account of increased government policies supporting battery-powered vehicles, the growing awareness toward the environment, increasing petrol prices, and stringent emission norms.
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2Ws are expected to be one of the early adopters of electrification. High vehicle utilization and easy home or workplace charging would drive the uptake in the commercial 2W segment.
2 Wheelers

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Invest India Timeline

2021
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Team India Blogs
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Authored By:
Strategic Investment Research Unit (SIRU)

Disclaimer: All views and opinions that may be expressed in the posts on this page as well as post emanating from this page are solely of the individual in his/her personal capacity