India E-Bike Battery Market Size, Share, Growth Report 2033

India E-bike Battery Market Report Introduction

According to IMARC Group’s report titled India E-Bike Battery Market Size, Share, Growth Report 2033 the report offers a comprehensive analysis of the industry, including market share, growth, trends, and regional insights.

India E-bike Battery Market Overview

The India E-bike battery market size reached USD 286.3 Million in 2024 and is projected to reach USD 691.9 Million by 2033, exhibiting a CAGR of 10.3% during the forecast period of 2025-2033. The market growth is driven by government incentives under the FAME-II scheme, advancements in battery-swapping infrastructure, investments in indigenous battery production, and rising fuel prices encouraging EV adoption. Growing consumer demand for sustainable mobility solutions is also significantly boosting the electric two-wheeler ecosystem across India.

India E-bike Battery Market Key Takeaways

• Current Market Size (2024): USD 286.3 Million
• CAGR (2025-2033): 10.3%
• Forecast Period: 2025-2033
• Government incentives under the FAME-II scheme are a primary growth driver.
• Advancements in battery-swapping infrastructure enhance consumer convenience.
• The Production Linked Incentive (PLI) scheme supports local battery manufacturing.
• Reduction of GST on electric vehicles and charging infrastructure encouraged market adoption.
• Environmental concerns and policies targeting 30% EV adoption by 2023 increased market demand.
• A notable surge in electric two-wheeler sales directly escalates demand for E-bike batteries.

India E-bike Battery Market Growth Factors

• Government incentives such as the FAME-II scheme provide substantial subsidies for electric two-wheelers, boosting demand.
• Investment in indigenous battery production under the PLI scheme is reducing battery costs, making e-bikes more affordable.
• Expansion and technological improvements in battery-swapping infrastructure reduce charging times and alleviate range anxiety.
• Reduction of GST from 12% to 5% on electric vehicles and from 18% to 5% on chargers and charging stations enhances affordability.
• Rising fuel prices increase adoption of electric mobility, propelling the e-bike battery market.
• Consumer preference is shifting toward sustainable and cost-effective urban transportation solutions.
• Environmental policies aiming to reduce vehicular emissions support EV adoption and market expansion.
• Growing awareness of environmental benefits influences consumer intention to purchase electric vehicles.
• Government targets minimum of 30% electric vehicle adoption by 2023 aligns with global decarbonization efforts, stimulating market growth.

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India E-bike Battery Market Trends

• The FAME initiative, started in 2015 with its second phase FAME-II launched in 2019, significantly supports electric and hybrid vehicle growth, particularly two-wheelers.
• Increasing investment in battery technology innovation, including solid-state batteries, is improving energy density, range, and safety.
• Battery-swapping technology collaborations improve convenience, reduce charging wait times, and enhance consumer uptake.
• Decreasing costs of EV batteries due to government incentives and increased local manufacturing capabilities are making e-bikes more accessible.
• Environmental concerns pertaining to air pollution and health motivate consumers and policy makers to push electric mobility.
• EV sales surged by 168% in 2021 compared to 2020, reflecting rapid market expansion.
• The decrease in GST rates on EVs and charging infrastructure encourages both manufacturers and buyers.
• Market segmentation by battery type focuses on lithium-ion, lead acid, and others, reflecting technology adoption trends.
• E-bike battery position types such as rear carrier, down tube, and in frame indicate product innovations enhancing functionality and design.

India E-bike Battery Market Segmentation

Battery Type:

• Lithium-Ion Battery: A major segment, favored for its energy density and longevity in e-bike applications.
• Lead Acid Battery: Traditional battery type, often cost-effective but with lower energy efficiency compared to lithium-ion.
• Others: Includes emerging or alternative battery technologies used in select e-bike models.

Battery Pack Position Type:

• Rear Carrier: Batteries mounted on the rear carrier, offering balance and easy access.
• Down Tube: Battery packs placed on the down tube of the frame, influencing weight distribution.
• In Frame: Integrated battery packs within the bike frame, enhancing aesthetics and protection.

Regional Insights

• North India
• South India
• East India
• West India

The North India region dominates the market owing to higher adoption rates and infrastructure development. The market is expected to grow at a CAGR of 10.3% during the forecast period, reflecting strong regional demand and government support.

India E-bike Battery Market Recent Developments & News

• August 2024: Sun Mobility partnered with Odysse Electric to provide battery-swapping technologies for the Vader SM E-bike. This collaboration enhances convenience, reduces charging time, and mitigates range anxiety, which in turn drives market growth.
• June 2024: Ola Electric introduced solid-state battery technology, marking a significant advancement in India’s e-bike battery landscape. This innovation offers improved energy density, enhanced safety, and increased battery efficiency, boosting the market potential.

India E-bike Battery Market Key Highlights of the Report

• Comprehensive quantitative analysis of market segments from 2019 to 2033.
• Detailed insights into market drivers, challenges, and key opportunities.
• Uses Porter’s five forces to assess industry competitiveness and market attractiveness.
• Competitive landscape analysis with key player profiles and strategies.
• Segment-wise historical and forecast market assessments by battery type, pack position, and region.
• Offers customization options and post-sale analyst support.

India E-bike Battery Market Key Players

• Sun Mobility
• Odysse Electric
• Ola Electric

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