India’s Electric Two-Wheeler Market: Rise, Reset and What Comes Next

As of 2022, India had 263m two-wheeled vehicles on the road, making it the world’s largest two-wheeler market. In terms of annual sales, India has also leapfrogged China. However, the picture changes when we look at electric vehicle penetration in the two-wheeler segment. Annual electric two-wheeler sales in the two countries present a chalk-and-cheese contrast.