#India Electric Scooters and Motorcycles Market Share

[automotiveera]

Electrifying Commutes: Insights into the India Electric Scooters and Motorcycles Market

Electric scooters and motorcycles are two-wheeled vehicles that function only on electricity. They are not propelled by engines or orthodox fuels like gasoline, diesel, or CNG.

They utilizes electric propulsion and generally have a rechargeable battery. With the rising concerns on pollution and the resulting increase in the incidence of breathing issues among children and elderly alike, the Indian electric scooters and motorcycles market is projected to reach USD 6,161 million by 2030.

Safe, Suitable, and Simple to Use

Every method of travel has some type of danger involved with it. Still, if you compare an electric scooter or motorcycle to other more-fun methods of transport such as roller skating or cycling, they come out as, maybe, the better choice. Moreover, they need little to no talent to function—all you require is some balance They are a suitable choice for those who want to commute without any anxiety of danger.

Comparatively Eco-Friendly

A list of benefits to having an e-scooter or motorcycle is just not complete without addressing how environment-friendly they are. In the era of severe climate change, numerous individuals are finding methods to decrease their impact on the atmosphere, like shifting their modes of transportation.

Moreover, electric scooters and motorcycles are one of the greenest choices to date. Other than zero CO2 releases, electric scooters and motorcycles are also more energy-efficient. They are more effective at moving travelers— they take only a portion of the electricity compared to the amount of fuel a car burns to travel the same distance. Furthermore, technology for e-scooters has enhanced rapidly over the last two years, further advancing their eco-friendliness.

Helps In Skipping Traffic Jams

The motor and battery technologies utilized in electric scooters and motorcycles enable the rider to cover numerous kilometers with little effort. Moreover, the scooter itself is small in size, meaning riders can take benefit of dedicated lanes, which are traffic-free. This is particularly beneficial in areas where roads are jammed almost daily. Features

Basic features including an LED headlight and sleek design are being offered by numerous two-wheeler OEMs. On the other hand, several high-tech accompaniments include under-seat storage bins, a speed mode switch, USB ports, a smart remote key, cruise control, and a functional dashboard.

[newsmarketreports]

Bajaj Auto SWOT Analysis: A Comprehensive Look at Its Market Position

Bajaj Auto, one of India’s leading two-wheeler and three-wheeler manufacturers, has earned its place as a prominent player in the global automotive industry. Known for its innovation, quality, and strategic global reach, Bajaj Auto SWOT continues to thrive amidst growing competition. This SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis aims to provide a deeper insight into the company’s current market standing, highlighting key factors that influence its growth trajectory and decision-making process.

Strengths

Strong Brand Reputation Bajaj Auto enjoys a solid brand reputation, not only in India but also in international markets. The company has successfully positioned itself as a reliable and innovative brand with strong customer loyalty. The iconic Bajaj Pulsar series, for instance, has become synonymous with performance and style among young riders.

Robust Product Portfolio Bajaj Auto boasts a wide and diversified product range, including motorcycles, scooters, and commercial vehicles. With a focus on fuel-efficient, low-cost products, the company caters to a variety of consumer needs—from budget-conscious buyers to premium customers. The variety in product offerings ensures that Bajaj Auto meets diverse market demands across various demographics.

Global Presence One of Bajaj’s significant advantages is its widespread international presence. It has a strong foothold in over 70 countries, with a particularly significant share in emerging markets such as Africa, Latin America, and Southeast Asia. The company’s focus on expansion has allowed it to become a global leader in motorcycle exports, with its products being well-regarded for their performance and durability.

Innovative R&D and Technology Bajaj Auto is heavily invested in research and development (R&D), consistently introducing advanced technology in its products. The company has been a pioneer in adopting electric vehicle technology and has started making strides in electric two-wheelers. Bajaj’s commitment to technological innovation helps it stay ahead of the curve in a rapidly evolving market.

Cost Leadership Bajaj Auto’s ability to maintain a strong cost leadership position gives it a competitive edge in terms of pricing. The company’s efficient manufacturing processes, economies of scale, and supply chain optimization allow it to produce cost-effective vehicles without compromising on quality. This advantage is particularly significant in price-sensitive markets.

Weaknesses

Dependence on Domestic Market Despite its strong international presence, Bajaj Auto remains heavily reliant on the Indian market for a significant portion of its revenues. With fluctuating domestic demand and the ongoing challenges of a competitive two-wheeler market, Bajaj risks vulnerability from economic downturns, regulatory changes, or shifts in consumer preferences within India.

Limited Product Range in Electric Segment While Bajaj Auto has started making progress in the electric vehicle (EV) space, it still lags behind some competitors in terms of the variety of electric vehicles offered. The growing demand for EVs requires the company to expand its portfolio quickly to capitalize on the burgeoning market. Competitors like Hero Electric and Ather Energy are already well-established in this sector.

Heavy Competition in the Indian Market The Indian motorcycle and scooter market is highly competitive, with players like Hero MotoCorp, TVS, and Honda dominating large segments. Bajaj faces price and innovation pressures from these local and international players, which could impact its market share in both the domestic and international markets.

Slow Adaptation to Changing Consumer Preferences While Bajaj Auto has historically been strong in motorcycles, it has not been as successful in adapting to shifts in consumer preferences. With the rising popularity of electric vehicles and connected vehicles, Bajaj Auto needs to accelerate its adaptation to these trends to remain relevant, particularly among younger and more tech-savvy consumers.

Opportunities

Expansion of Electric Vehicle Offerings The electric vehicle market is rapidly growing, and Bajaj Auto has a significant opportunity to expand its EV product line. By investing further in R&D and developing new models with better performance, Bajaj can tap into the eco-conscious consumer segment. The government’s push for electric mobility through subsidies and policies provides additional incentives for Bajaj Auto to grow in this space.

Increasing Demand for Two-Wheelers in Emerging Markets The growing middle class in developing countries, especially in Southeast Asia, Africa, and Latin America, presents significant opportunities for Bajaj Auto. As disposable incomes rise, demand for affordable, fuel-efficient transportation is expected to surge. Bajaj’s established international networks position it to meet this rising demand.

Technological Advancements in Vehicle Connectivity The trend toward vehicle connectivity, including smartphone integration and smart riding technologies, presents an opportunity for Bajaj Auto to innovate and enhance its product offerings. Integrating features such as GPS, advanced safety systems, and digital interfaces into its motorcycles could attract a tech-savvy customer base looking for more advanced riding experiences.

Focus on Premium Segments With growing consumer interest in high-end motorcycles, there is a clear opportunity for Bajaj Auto to further penetrate the premium segment. Expanding its range of high-performance bikes, both in the domestic and international markets, could help Bajaj increase its market share and improve margins in the higher-income bracket.

Threats

Intense Competition Bajaj Auto faces strong competition in almost every segment, from both domestic and international players. Brands like Hero MotoCorp and Honda are aggressive in their pricing strategies and marketing campaigns, while emerging startups in the EV sector are attracting younger, tech-focused consumers. The rise of new competitors threatens Bajaj’s market share, especially in the increasingly crowded two-wheeler market.

Fluctuating Raw Material Prices Bajaj Auto’s profit margins are susceptible to fluctuations in the prices of raw materials such as steel, aluminum, and rubber. Any significant rise in the costs of these materials can lead to increased production costs, which may result in higher retail prices or squeezed margins.

Regulatory and Environmental Pressures The regulatory environment surrounding the automotive industry is constantly evolving, particularly with respect to emissions standards and safety regulations. Bajaj Auto faces the challenge of complying with stringent regulations in various countries, especially with the global focus shifting toward environmental sustainability. Failure to meet regulatory standards could result in legal consequences, fines, or a tarnished brand reputation.

Economic Downturns and Global Instability Economic slowdowns, particularly in key markets such as India, can affect consumer spending and reduce demand for two-wheelers. Additionally, the global economic landscape is unpredictable, with trade tensions, currency fluctuations, and political instability impacting the company’s ability to operate effectively across borders.

Conclusion

Bajaj Auto is positioned well for continued growth, particularly in international markets and the expanding electric vehicle segment. However, the company must address its weaknesses, such as its dependence on the Indian market and the slow adaptation to electric vehicle demand. By capitalizing on emerging opportunities in EVs, vehicle connectivity, and premium segments, Bajaj can strengthen its market position and fend off the growing competitive pressures in the automotive industry. While external threats like regulatory challenges and raw material price volatility pose risks, Bajaj Auto’s strong brand reputation, cost-effective manufacturing, and innovation-driven approach provide a solid foundation for future success.

[willyskristina]

Electric Two Wheelers Market

Electric Two Wheelers Market Size, Share, Trends: Yadea Technology Group Co., Ltd. Leads

The Rise of High-Performance Electric Motorcycles: A New Era in Urban Mobility

Market Overview:

The Electric Two Wheelers Market is projected to grow at a CAGR of 11.8% from 2024 to 2031. Asia-Pacific currently dominates the market, with key metrics indicating a high adoption rate of electric two-wheelers in countries like China and India. The market is experiencing rapid growth due to increasing environmental concerns, government incentives for electric vehicle adoption, and advancements in battery technology. These factors are creating a robust market landscape for electric two-wheelers, addressing urban mobility challenges while promoting sustainability.

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Market Trends:

High-performance electric motorcycles are being developed and adopted at a rapid pace in the electric two-wheeler sector. This trend is being pushed by advancements in battery technology, increased motor efficiency, and rising consumer desire for powerful yet environmentally friendly alternatives to traditional motorcycles. Manufacturers are increasingly focused on building electric motorcycles that can match or outperform gasoline-powered models in terms of speed, range, and acceleration. Zero Motorcycles and Energica, for example, have developed models with top speeds of over 200 km/h and ranges of more than 360 km on a single charge. This trend is attracting new clients, especially motorbike aficionados who were previously dubious of electric automobiles.

Market Segmentation:

Electric scooters dominate the electric two-wheeler market, accounting for more than YY% of total revenue. This dominance is owing to electric scooters' lower cost than electric motorcycles, ease of usage, and suitability for short-distance urban transport. Electric scooters are especially popular in densely populated Asian cities, where they offer a convenient and environmentally friendly alternative to traditional gasoline-powered scooters.

Recent breakthroughs in electric scooter technology have bolstered their market share. For example, the introduction of removable batteries addressed the charging infrastructure problem by allowing customers to charge their batteries at home or work. Companies such as Gogoro in Taiwan have pioneered battery swapping networks, allowing users to replace exhausted batteries with charged ones in seconds.

Market Key Players:

Yadea Technology Group Co., Ltd.

Niu Technologies

Jiangsu Xinri E-Vehicle Co., Ltd.

AIMA Technology Co., Ltd.

Zhejiang Luyuan Electric Vehicle Co., Ltd.

Hero Electric Vehicles Pvt. Ltd.

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[kristinahertzz]

Automotive Two wheelers Market

Automotive Two-Wheelers Market Size, Share, Trends: Honda Motor Co., Ltd. Lead

Rapid Adoption of Electric Two-Wheelers Driven by Environmental Concerns and Government Incentives

Market Overview: 

The global Automotive Two-Wheelers Market is projected to grow at a CAGR of XX% from 2024 to 2031, reaching a value of USD YY by 2031. Asia-Pacific currently dominates the market, driven by strong growth in electric two-wheelers and increasing demand for personal mobility solutions. The market is experiencing robust expansion due to urbanization, rising disposable incomes in developing countries, and a growing emphasis on fuel-efficient and eco-friendly transportation options. 

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Market Trends: 

The automotive two-wheeler industry is quickly transitioning to electric vehicles (EVs), as consumers and governments prioritize environmental sustainability. This trend is driven by increased awareness of carbon emissions, stricter emission standards, and attractive government incentives for EV adoption. For example, India’s FAME II program provides subsidies up to INR 15,000 per kWh for electric two-wheelers, making them more affordable for consumers. Major manufacturers are introducing new electric models and investing in battery technology. Between 2024 and 2031, the global electric two-wheeler market is predicted to expand at a CAGR of more than 7%, with Asia-Pacific and Europe leading the way.

Market Segmentation: 

The motorcycles segment dominates the automotive two-wheelers market, driven by their versatility, performance, and popularity across various consumer segments. Motorcycles are widely used for everyday commuting, recreational riding, and sports, thanks to their higher engine power, fuel efficiency, and longer travel ranges. Recent innovations, such as smart-connected motorcycles with GPS navigation, smartphone integration, and real-time diagnostics, have increased their appeal among young, tech-savvy consumers. The scooter segment is also growing rapidly, especially in urban areas, due to its ease of use, storage capacity, and maneuverability. Electric scooters are gaining traction as eco-friendly options for short-distance mobility.

Market Key Players:

Honda Motor Co., Ltd.

Hero MotoCorp Ltd.

Yamaha Motor Co., Ltd.

Bajaj Auto Limited

TVS Motor Company

Suzuki Motor Corporation

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[global-research-report]

Electric Mobility Market Growth: Innovations and Opportunities in 2023 - 2030

The global electric mobility market size is expected to reach USD 325.64 billion by 2030, growing at a CAGR of 14.6% from 2023 to 2030, as per the study conducted by Grand View Research, Inc. Rise in substantial operating and maintenance cost savings is expected to significantly increase the demand for electric mobility thereby supporting the market growth. Furthermore, growing concerns about the rapidly rising carbon footprint and greenhouse gases from the transportation and automotive industries are encouraging state and country-level regulatory bodies to set up policies that promote the adoption of energy-efficient vehicles.

The rise in government investments along with stringent regulations, objectives, and policies for electric vehicle deployment, signaling OEMs and other industry stakeholders who actively participate in the industry and building confidence based on mobilizing investments and policy frameworks is fueling the growth of the electric mobility industry.

For instance, in December 2022, the Uttar Pradesh government in India targeted to invest 300 million in electric transportation. The state's UP Electric Vehicle Manufacturing and Mobility Policy 2022 aims to attract new investment and create 1 million new jobs in the sector. Meanwhile, the new strategy has attempted to address the three key issues: stimulating the manufacture of e-vehicles and their components, such as batteries, and creating a solid network of charging stations and battery swap locations.

Electric vehicles depend on electricity to replenish their batteries rather than using fossil fuels such as petrol or diesel. With the increasing number of EV battery charging stations emerging, it is now more convenient for consumers to charge their batteries at a local station rather than stand in line at a CNG station or a gas station. For instance, In May 2022, Energica Motor Company, a manufacturing company, launched a new e-bike named Energica Experia. The e-bike featured the company’s no-emission EV technology. These factors are expected to drive the electric mobility market growth over the forecast period

Some dominant players in the U.S. electric mobility industry are BMW Motorrad International; Gogoro, Inc.; Honda Motor Co. Ltd.; KTM AG; Mahindra Group; Ninebot Ltd.; Suzuki Motor Corporation; Terra Motors Corporation; Vmoto Limited ABN; Yamaha Motor Company Limited. These players focus on new product launches and partnerships & collaboration to enhance their offerings and geographic presence. For instance, In June 2022, iFood, an online food ordering and delivery platform based in Brazil, launched the EVS Work iFood electric motorcycle in collaboration with Voltz Motors, a startup manufacturer of e-scooters and e-motorcycles based in Brazil, for USD 2,099.9.

Electric Mobility Market Report Highlights

Based on product, the electric bike segment is expected to dominate the global market owing to the factors such as the expansion of cycling infrastructure in developing countries such as India and the rise of financial incentives for e-bikesales

Based on drive, the chain drive segment dominated the market with 46% of the revenue share in 2022. The growing amount of construction activities driven by rapid industrialization is driving the segment’s growth

Based on battery, the Li-ion battery segment accounted for 82% of the revenue share in 2022 owing to the benefits such as a decrease in the amount of toxic oil waste generated, the need for engine maintenance, and the pollution caused by fuel combustion engines

Based on end-use, the personal segment accounted for 76% of the revenue share in 2022. The segment’s growth can be attributed to the rising sales of electric two-wheelers as more customers choose electric transportation for both commuting and relaxation

Electric Mobility Market Segmentation

Grand View Research has segmented the global electric mobility market based on product, drive, battery, end-use, and region:

Electric Mobility Product Outlook (Revenue, USD Million, 2018 - 2030)

Electric Bikes

Electric Scooter

Electric Motorized Scooter

Electric Motorcycle

Electric Mobility Drive Type Outlook (Revenue, USD Million, 2018 - 2030)

Belt Drive

Chain Drive

Hub Drive

Electric Mobility Battery Outlook (Revenue, USD Million, 2018 - 2030)

Lead Acid Battery

Li-ion Battery

Others

Electric Mobility End-use Outlook (Revenue, USD Million, 2018 - 2030)

Personal

Commercial

Electric Mobility Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

US

Canada

Europe

UK

Germany

France

Asia Pacific

China

Japan

India

Latin America

Brazil

Mexico

Middle East & Africa

Order a free sample PDF of the Electric Mobility Market Intelligence Study, published by Grand View Research.

[indianstockmarketlatestnews]

Exploring Nifty Auto Sector Stocks: A Closer Look at Key Players and Market Trends

The Indian stock market has long been a haven for investors seeking to diversify their portfolios, and one of the sectors that have drawn considerable attention is the auto industry. Within the Nifty 50, the Nifty Auto Index represents a crucial segment of the market, offering a glimpse into the performance of India’s leading automobile companies. As the Indian economy continues to evolve, the auto sector is poised to be a significant player, driven by consumer demand, innovation, and government policies aimed at promoting sustainable mobility.

In this blog post, we will explore the key players in the Nifty Auto Index, current market trends, and future growth prospects for this dynamic sector.

What is the Nifty Auto Index?

The Nifty Auto Index is a benchmark index that tracks the performance of 15 prominent companies within the Indian automobile sector. These companies represent various segments, including passenger vehicles, commercial vehicles, two-wheelers, and auto ancillaries. By tracking the performance of these key players, the Nifty Auto Index provides a snapshot of the broader automotive industry in India.

Top Nifty Auto Stocks to Watch

Let’s take a closer look at some of the key stocks that make up the Nifty Auto Index and why investors should keep an eye on them:

Maruti Suzuki India Ltd. (MARUTI)

Sector: Passenger Vehicles

Market Capitalization: One of the largest in the Indian auto sector, Maruti Suzuki is a household name in India. Known for its affordable and reliable vehicles, Maruti’s market dominance in the compact and sub-compact car segments gives it a solid foothold in the industry. The company continues to innovate with new models and expand its footprint in the electric vehicle (EV) market, positioning itself well for the future.

Mahindra & Mahindra Ltd. (M&M)

Sector: Commercial and Passenger Vehicles

Market Capitalization: A major player in the SUV and utility vehicle market, Mahindra & Mahindra has expanded its presence beyond traditional vehicles into electric mobility. The company is also a leader in the commercial vehicle segment, with robust sales of small and medium trucks and tractors in rural India. Its focus on EVs and clean energy solutions bodes well for long-term growth.

Tata Motors Ltd. (TATAMOTORS)

Sector: Commercial and Passenger Vehicles

Market Capitalization: Tata Motors has seen a significant transformation in recent years, with a renewed focus on electric vehicles. Its subsidiary, Jaguar Land Rover, contributes a large portion of the company’s global revenue. Domestically, Tata Motors is known for its affordable electric vehicles, such as the Nexon EV, which has gained significant market share in India’s growing EV segment.

Hero MotoCorp Ltd. (HEROMOTOCO)

Sector: Two-Wheelers

Market Capitalization: As one of the world’s largest manufacturers of motorcycles and scooters, Hero MotoCorp has been a dominant player in the two-wheeler segment for years. The company continues to innovate with new models and is increasingly focusing on electric two-wheelers to cater to a growing segment of eco-conscious consumers.

Eicher Motors Ltd. (EICHERMOT)

Sector: Commercial Vehicles and Two-Wheelers

Market Capitalization: Eicher Motors, the parent company of Royal Enfield, has carved a niche in the premium motorcycle segment. Royal Enfield’s iconic motorcycles continue to attract a loyal following both in India and internationally. Additionally, Eicher’s commercial vehicle business, which manufactures heavy trucks and buses, remains an integral part of the company’s diversified portfolio.

Bajaj Auto Ltd. (BAJAJ-AUTO)

Sector: Two-Wheelers and Three-Wheelers

Market Capitalization: Bajaj Auto is a key player in the two-wheeler market, known for its motorcycles and scooters. The company has also made significant strides in the electric mobility space with its electric scooter, the Chetak. Bajaj Auto’s strong presence in international markets, along with its growing portfolio of electric vehicles, positions it well for future growth.

Ashok Leyland Ltd. (ASHOKLEY)

Sector: Commercial Vehicles

Market Capitalization: A leader in the commercial vehicle segment, Ashok Leyland is one of the top manufacturers of trucks, buses, and defense vehicles. The company is focusing on introducing alternative fuel-powered vehicles, such as CNG and electric buses, as part of its sustainable mobility strategy.

Key Trends Shaping the Nifty Auto Sector

Electric Vehicles (EVs): One of the most significant trends driving growth in the Indian auto sector is the push toward electric vehicles. As environmental concerns grow and government policies favor EV adoption (such as subsidies and tax incentives), more automakers are investing heavily in EV technology. This trend is expected to accelerate in the coming years, with companies like Tata Motors, Mahindra, and Hero MotoCorp leading the charge.

Sustainability and Clean Energy: With an increasing focus on sustainability, automakers are investing in cleaner technologies, including hybrid and hydrogen-powered vehicles. This trend aligns with global efforts to reduce carbon emissions and India’s commitment to meeting its climate goals. The automotive industry is expected to play a key role in achieving a more sustainable future.

Rural Market Penetration: The Indian rural market continues to present significant growth opportunities for automobile manufacturers. With an expanding middle class and improving infrastructure in rural areas, companies like Maruti Suzuki, Tata Motors, and Mahindra & Mahindra are well-positioned to tap into this underserved market.

Digitalization and Connectivity: The auto industry is increasingly adopting digital technologies to enhance the consumer experience. From online vehicle sales to advanced infotainment systems and connected car features, the push for digitalization and connectivity is transforming how consumers interact with vehicles and how manufacturers design and sell them.

Global Expansion: Many Indian automakers are seeking to expand their presence globally. Companies like Tata Motors, Bajaj Auto, and Eicher Motors have been successful in exporting vehicles to international markets. As India’s auto industry gains global recognition, we can expect even greater expansion opportunities in the future.

Investment Outlook for Nifty Auto Stocks

The Nifty Auto Index has shown resilience over the years, with many of its constituent stocks consistently delivering strong performance. As India’s auto industry continues to adapt to emerging trends, such as electric mobility and sustainable solutions, the sector is poised for significant growth. Investors looking for long-term opportunities should consider keeping an eye on stocks that are well-positioned in these areas.

Conclusion

The Nifty Auto sector represents a diverse and dynamic segment of the Indian stock market, with a wide range of companies catering to different segments of the automobile industry. As the sector adapts to global trends, including electric vehicles, sustainability, and digitalization, there are substantial growth opportunities for both established players and new entrants. By carefully evaluating the key stocks in the Nifty Auto Index, investors can gain exposure to a promising and evolving sector that is set to play a pivotal role in India's economic future.

[industryinsightsandanalysis]

India 2-Wheeler Market : Current Analysis and Forecast (2024-2032)

The two-wheeler (2-wheeler) market in India is among the biggest grossing markets across the globe and is heavily integrated into the Indian population. Affordable, convenient, and fuel-efficient, two-wheelers account for a dominant share of the number of vehicles owned by Indians. From the masses transport region to the countryside the need for motorcycles and scooters remains high. According to industry reports, India two-wheeler market size was over 150 million units in 2022 and hence, depicts the massive demand for such vehicles in Indian transportation. As consumers go for different products and services, various technologies being unveiled and the ever-shifting policies and regulations, the market is set to expand.

Market Overview and Key Drivers:

Affordability and Accessibility: The simplest reason behind the two-wheeler market growth in India has always been because of its low cost. Compared to cars, two-wheelers are cheaper, and thus available in the market for the broad population group. Besides, motorcycles are used by individuals living in rural regions as transport since access to public transport in such regions with harsh terrains is a challenge. In urban areas, people use scooters and bikes to move within the traffic-congested areas with ease. Much as they posed a financial strain when they were first imported require little money to own compared to other transport means, and have low maintenance requirements, two-wheelers have now become part of India’s transport systems.

Urbanization and Growing Middle Class: The use of two-wheelers has been on the rise in India primarily due to the increasing rate of urbanization and the increase in the size of middle-income earners. that as more people go into the cities for employment and other facilities such as education then more demand will result in personal transport. There are many users of scooters and other two-wheelers because they are easy to maneuver and economical in traffic-prone areas. Also, a higher disposable income packed on the middle-class buyer in India has resulted in early conversion and upgrade to the more upscale two-wheeler variants.

Fuel Efficiency and Environmental Impact: In a situation where fuel prices remain unpredictable in the country, two-wheelers are more fuel efficient as compared to four-wheelers. Scare awareness of the environment and its sustainability is leading to the increasing popularity of electric two-wheelers (E2-Wheelers). Recent measures for greener automobiles, specifically subsidies and incentives for electric vehicles (EVs) are making Indians consider E2-Wheelers. The shift towards electric mobility in the world and India especially in the two-wheelers has opened a great chance of development in each market particularly as the charging infrastructure is developed.

Government Initiatives and Regulations: The Indian government has implemented various policies to boost the automotive sector, including the two-wheeler market. Initiatives such as the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme, tax benefits, and subsidies for EV purchases have been pivotal in promoting electric two-wheelers. Furthermore, stricter emission norms, such as the Bharat Stage (BS) VI regulations, have pushed manufacturers to innovate and produce cleaner, more efficient vehicles.

Market Segmentation

Motorcycles vs. Scooters: The motorcycle segment remains the most popular in India among all two-wheelers and commands more than 60% of the market share. There is a healthy market for motorcycles in rural areas because these vehicles are strong, and they can move in the rough terrains that are common in rural areas. On the other hand, scooters have particularly transformed and gained recognition within the urban setting due to factors such as flexibility of use, low costs of maintenance, and use of automatic transmission. Honda and TVS are the leading scooter makers while Bajaj Auto and Royal Enfield have premium and sports bike segments.

Electric Two-Wheelers (E2-Wheelers): Electric two-wheelers are also quickly gaining ground in the Indian market. With environmental worries and the drive for more sustainable means of transport, people are gradually transitioning from conventional ICE automobiles to electric ones. Ather Energy and Ola Electric have recently launched new generation electric scooters with powerful batteries at reasonable prices and the latest Bajaj electric scooter has a significantly higher range than its domestic competitors. Other factors that have boosted the sales of electric two-wheelers in India include battery swapping stations, government policies, and reduced cost of lithium-ion batteries.

Rural vs. Urban Demand: Another segment that looks large for the motorcycle industry in India is the rural markets which constitute 55% of two-wheeler sales. In these areas, there is heavy dependency on two-wheelers for traveling to and fro the workplace or for carrying goods. While in urban regions scooters are more in demand because of convenience and traffic conditions. The fact that the consumption pattern varies geographically makes it possible for manufacturers to provide for the two segments using different products.

Issues Affecting the Two-Wheeler Market

Supply Chain Disruptions: The current COVID-19 pandemic unraveled the problems with the global supply chain where there were holdups in production and shortage of chips for example. What this did for the two-wheeler industry was that it enhanced the duration of waiting for consumers and elevated the cost to the manufacturers. Despite this, there has been continuity within the market and disruptions including disruptions of supply chains for global trades and shortages of the materials that affect the two-wheelers’ supplies and costs.

Rising Competition in the Electric Segment: The increased usage of electric two-wheelers has attracted new entrants, hence additional competition in the industry. Players that earlier used to provide traditional two-wheelers are now facing competition from new-age startups and technology companies that are progressing rapidly in the e-mobility segment. The complexity with the established brands is to innovate on fuel-burning vehicles while at the same time investing in electric mobility solutions.

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High Cost of Electric Two-Wheelers: Electric two-wheelers are now increasingly being sought after, but they are more expensive as compared to other traditional ICE vehicles. Even with government subsidies, affordability remains a major issue for consumers, and this has been well illustrated as far as rural consumers are concerned. Also, sentiments such as concern for battery capacity and lack of access to charging facilities in semi-urban and even rural areas affect the uptake of the product.

Stricter Emission Regulations: There are also well-intentioned actions such as tighter emission standards as the shift to BS VI has raised the price of two-wheelers because of increased costs of revamping engines and technologies.

Opportunities and Future Outlook

Expansion of the Electric Two-Wheeler Market: The strategy of electric mobility will determine the future of the two-wheeler segment in India. The government has been very sensitive to its emission reduction goals and the adoption of EVs in the country and therefore this sector of the electric two-wheelers market is expected to grow very soon. They provide infrastructure, battery, and charging technology, and research and development associated companies will be other major beneficiaries of the growth. Smart technologies consisting of IoT connection, digital displays, and enhanced, and connective services make these electric two-wheelers more attractive to consumers.

Innovation in Financing Options: Manufacturers have had to look for ways of further unlocking the two-wheeler market through employing strategies like low down payment, long-term loans, and ‘use and subscribe’. These options coupled with an extension of micro-financing facilities in rural areas can create demand, especially the electric two-wheelers. Such partnerships between the manufacturing firms and the institutions and the fintech have played the role of a funnel of providing affordable prices to consumers across different income levels.

Conclusion

India's two-wheeler market is a cornerstone of the country's transportation ecosystem, driven by affordability, convenience, and rising urbanization. The increasing focus on electric two-wheelers, government initiatives, and the continued growth of both rural and urban demand point to a promising future. While the industry faces challenges like supply chain disruptions and the high cost of electric vehicles, innovations in technology and financing will help drive further growth. As the market evolves, India’s two-wheeler industry is set to play a crucial role in the transition towards sustainable and accessible mobility.

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Global Motorcycle Tyres Market Research and Future Opportunities Overview 2024 - 2031

The global motorcycle tyres market is an essential segment of the automotive industry, experiencing dynamic growth driven by increasing motorcycle sales, urbanization, and changing consumer preferences. This article provides a comprehensive overview of the current state of the market, key drivers, challenges, and future prospects.

Introduction to the Motorcycle Tyres Market

The global motorcycle tyres market is poised for growth, driven by increasing motorcycle sales, urbanization, and technological advancements. While challenges such as raw material price volatility and regulatory compliance exist.

Motorcycle tyres are critical components that significantly impact a motorcycle's performance, safety, and fuel efficiency. The market encompasses various types of tyres designed for different riding conditions, including road, off-road, and racing applications.

Market Overview

Current Market Size

As of 2023, the global motorcycle tyres market is valued at approximately $X billion, with a projected CAGR of Y% from 2023 to 2030. The market is characterized by a diverse range of products catering to various motorcycle segments, from scooters to high-performance sports bikes.

Key Regions

The motorcycle tyres market is segmented geographically into:

North America: Strong demand for motorcycles, particularly in the United States, drives the market. The increasing popularity of recreational riding contributes to tyre sales.

Europe: The European market is witnessing growth due to a rising trend in motorcycle commuting and tourism.

Asia-Pacific: This region dominates the market, fueled by high motorcycle ownership rates in countries like India and China, along with rapid urbanization.

Key Drivers of Growth

Increasing Motorcycle Sales

The global demand for motorcycles is on the rise, driven by factors such as affordability, fuel efficiency, and convenience. This trend directly influences the demand for motorcycle tyres, as each sale generates a need for new and replacement tyres.

Urbanization and Traffic Congestion

As urban areas grow, motorcycle usage is becoming a popular solution to combat traffic congestion. This trend is particularly prevalent in developing countries, where motorcycles serve as an affordable mode of transportation, thereby boosting tyre demand.

Advancements in Tyre Technology

Innovation in tyre technology, including improvements in tread design and materials, enhances performance, safety, and durability. Manufacturers are increasingly focusing on developing specialised tyres for different riding conditions, catering to diverse consumer needs.

Challenges in the Market

Volatility in Raw Material Prices

The motorcycle tyres market is susceptible to fluctuations in the prices of raw materials, such as rubber and synthetic compounds. Price volatility can affect production costs and ultimately impact the retail prices of tyres.

Regulatory Challenges

Strict environmental regulations and safety standards in various regions pose challenges for tyre manufacturers. Compliance with these regulations can lead to increased operational costs and may require significant investments in research and development.

Competition and Market Saturation

The motorcycle tyres market is highly competitive, with numerous players vying for market share. This competition can lead to price wars and reduced profit margins, especially in mature markets.

Future Outlook

Emerging Trends

Electric Motorcycles: The rise of electric motorcycles is expected to create a new segment within the tyres market, requiring innovative tyre designs that accommodate the unique characteristics of electric vehicles.

Smart Tyres: The integration of IoT technology in tyres is gaining traction, with smart tyres providing real-time data on performance and safety, enhancing the riding experience.

Strategic Initiatives

To stay competitive, manufacturers are likely to invest in R&D, focusing on sustainable materials and advanced manufacturing techniques. Collaborations with motorcycle manufacturers to develop tailor-made tyres for specific models may also become a common strategy.

Conclusion

The global motorcycle tyres market is poised for growth, driven by increasing motorcycle sales, urbanization, and technological advancements. While challenges such as raw material price volatility and regulatory compliance exist, the market presents significant opportunities for innovation and expansion. As the industry evolves, stakeholders must remain agile and responsive to changing consumer demands and market dynamics to succeed in this competitive landscape.

[secretstalks]

Ola Electric’s CEO states the focus is on capturing consumer imagination, not just market share, during the Roadster launch

Ola is prioritizing consumer engagement and brand loyalty over market share, according to Co-Founder Bhavish Aggarwal. At a recent event, Ola Electric Mobility Ltd. introduced its first motorcycle lineup—the Roadster series—and teased two additional models.

The company also announced a rebranding of Ola Cabs to Ola Consumers. Aggarwal highlighted that the new electric motorcycles are built on the same platform as their scooters, aiming to enhance operational efficiency and growth. He stated, "As we ramp up production, we’ll leverage our existing factory and investments," noting that the motorcycles will initially have profit margins similar to those of their scooters.

In the June quarter, government policy changes resulted in a Rs 23 crore reversal in the PLI scheme, affecting their automotive segment just as it was nearing Ebitda positivity. Nevertheless, Aggarwal expressed optimism about the EV business, asserting, “We’ve demonstrated that EVs are a sustainable business model.”

Regarding market share, he emphasized that Ola's focus is on winning consumers' hearts by creating engaging products. The new bikes, priced between Rs 75,000 and Rs 2.5 lakh, aim to attract a diverse customer base. He noted that the transition to electric bikes is accelerating, with Ola positioned to lead in this emerging market with limited competition.

Despite reporting a widened net loss of Rs 347 crore for the quarter ending June 30, 2024, up from Rs 267 crore the previous year, Ola saw a 32% increase in revenue to Rs 1,644 crore.

On August 9, 2024, Ola Electric made its debut on the National Stock Exchange of India after an IPO that was oversubscribed by over 4.5 times. Although the stock opened at par, it has risen approximately 71% in just four trading sessions, with a more than 15% increase on Friday.

READ MORE

[best-electric-scooter]

Affordable Electric Scooter Company in UP | Delhi

As urban landscapes in Uttar Pradesh (UP) and Delhi continue to evolve, the need for sustainable and cost-effective transportation is more pressing than ever. Electric scooters are gaining popularity recently because they offer relatively low cost yet rather high efficiency. Affordable electric company in UP like Reveal Electric that offer the best electric scooter at a very reasonable price. If you're considering investing in an electric scooter, you're making a smart move towards reducing your carbon footprint while navigating the bustling streets of UP and Delhi.

Why Choose an Electric Scooter? 

Electric scooters are often characterized by low cost of operation, easy to maintain and are environmentally friendly. They provide a comfortable ride and just like motorcycles can manoeuvre through jammed traffic and even tight corridors. Further, the hazard associated with fuel cost progression in combination with rising concern for green energy has made these scooters a popular solution for green commuters. 

Best Locations to Explore in Uttar Pradesh

If you are planning to go for a tour with your electric scooter, the Best electric scooter available in UP,  let me assure you that this is a state with a rich history, as well as in culture and food. Here are some must-visit locations:

Varanasi: As stated, Varanasi is known as the spiritual capital of India in UP and, thus, it is rather unique. Drive through the city and get to see the ghats near the Ganges; do not miss the Aarti in the evening. For food lovers, the local chaat and sweets are a must-try.

Lucknow: It is the city of awakening and is well-known for some of the most famous buildings that include the Bara Imambara and Rumi Darwaza in UP. The place is famous for kebab and biryani; one must try the local non-vegetarian dishes, and there is also an opportunity to buy the famous Chikankari clothes of Lucknow. 

Agra: Agra, which has its fair share of history being the home of the Taj Mahal, can only be described as historical. Apart from the Taj, explore the Agra Fort and Fatehpur Sikri. After the tour, do not forget to taste petha for which the city is so famous and do shopping for marble handicrafts in local markets. 

Kanpur: Industrialized town of Kanpur holds the historic significance of the Allen Forest Zoo and Phool Bagh. The city also boasts of their markets, in particular, leather products are fairly easy to come by.

Electric scooter tour of Delhi on the Best electric scooter available in Delhi 

As the capital of India, Delhi is a city that combines the experience of the old and the new. Every city has a situated neighborhood and with an electric scooter you would be able to trace every beautiful corner. Here are some top spots to explore: 

India Gate and Rajpath: Begin with India Gate which is a war memorial, and an unique place to start with to explore India’s history. Drive on the Rajpath which is beautiful especially in front of the Rashtrapati Bhawan and the Parliament House. 

Chandni Chowk: A market which dates back to the Mughal era, Chandni Chowk is as overloaded as any place can get. Leave your electric scooter at the doorway and venture into the crowded streets where you can buy food and clothings and spices. Do not leave without trying the beautiful local street food particularly the parathas and the jalebis. 

Qutub Minar: It is an architectural delight and is on the list of the UNESCO world heritage site. One should also take time and explore the Mehrauli Archaeological Park that surrounds the monument. After visiting the monument, you can shop for food and some funky items at the nearby Hauz Khas Village which has some of the best cafes, shops and art galleries in town. 

Connaught Place: A classic example of a central business district that also has the role of a commercial center that contains restaurants. Here you can find a great number of restaurants serving Indian food as well as other kinds of food from all over the world. Janpath Market is nearby and great for purchasing impossibly cute trinkets and gifts. 

Lotus Temple and Humayun’s Tomb: Both seemingly are architectural marvels which stand majestically in beautiful gardens. All these sites are calm and serene, and are thus an ideal getaway from the busy city. 

Why an Electric Scooter is Ideal for These Locations

Traversing through UP and Delhi on an electric scooter not only makes a whole lot of sense from an economic point of view, but it is also quite comfortable. These scooters are small and therefore it is easy to park them even in areas with poor space. Also, the quiet engine means that travellers do not have to compromise their enjoyment of areas around different landmarks by adding to noise pollution. 

In conclusion, selecting the affordable electric scooty available in UP and the affordable electric scooty available in Delhi that will help you move around UP and Delhi is a decision you won’t live to regret. It does help in commuting and saves the cost of commuting and at the same time one gets to witness the culturally and historically beautiful places at one's own convenience.

Visit: https://www.revealelectric.com/affordable-electric-scooter-company-in-up-delhi-ghaziabad-india/

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[gazetteweekly]

Ola Electric IPO: Prices Set at Rs 72-76 Per Share, Aiming to Raise Over Rs 6,100 Crore

Ola Electric Mobility Limited, the Bengaluru-based electric vehicle (EV) manufacturer, has announced the price band for its upcoming initial public offering (IPO). The shares will be offered at a price range of Rs 72–76 each, with the IPO set to open for subscription on August 2 and close on August 6. Investors can bid for a minimum of 197 shares and in multiples of 197 shares thereafter.

IPO Details

. Price Band: Rs 72–76 per share

. IPO Opening Date: August 2

. IPO Closing Date: August 6

. Minimum Bid: 197 shares

At the upper end of the price band, Ola Electric aims to raise Rs 6,145 crore, while the lower end targets Rs 6,111 crore. The IPO will consist of a fresh issue of up to Rs 5,500 crore and an offer for sale (OFS) of up to 8.49 crore shares worth Rs 645 crore. There is also a reservation for eligible employees.

Use of Proceeds

According to Bhavish Aggarwal, Chairman and Managing Director of Ola Electric, the proceeds from the fresh issue will be allocated as follows:

Rs 1,227.6 crore for capital expenditure by subsidiary OCT

Rs 800 crore for repayment or pre-payment of debt

Rs 1,600 crore for research and product development

Rs 350 crore for organic growth initiatives and general corporate purposes

Company Overview

Ola Electric specializes in manufacturing electric vehicles and core EV components, including battery packs, motors, and vehicle frames, at its Ola Futurefactory. The company aims to capitalize on the growing trend of EV adoption in India and plans to expand into select international markets.

Since delivering its first model, the Ola S1 Pro, in December 2021, Ola Electric has quickly become a leading electric two-wheeler (E2W) brand in India. The company has also introduced additional models, including the Ola S1, Ola S1 Air, and Ola S1 X+.

Future Plans

Ola Electric’s vertically integrated business model includes in-house R&D, manufacturing, supply chain management, and a direct-to-consumer (D2C) omnichannel distribution platform. The company plans to use its Generation 2 platform, initially developed for the Ola S1 scooter, for a new motorcycle range featuring four models: Diamondhead, Adventure, Roadster, and Cruiser.

The company’s facilities include a Futurefactory, Gigafactory, and a Battery Innovation Centre in Bengaluru, with ongoing construction of an EV hub in Tamil Nadu’s Krishnagiri and Dharmapuri districts.

As Ola Electric prepares for its IPO, the company’s focus on innovation and expansion continues to position it as a key player in the EV industry.

[automotivetransportationresearch]

Automotive Transmission Market Valued at $84.2 Billion by 2028

The automotive transmission market is estimated to grow from USD 62.4 billion in 2023 to USD 84.2 billion by 2028 at a CAGR of 6.2% over the forecast period. Market growth is fueled by consumer preferences for driving comfort, safety, and improved acceleration and traction. Technology advancements in the emerging markets, upcoming emission regulations with reduced emission limits, and transmission system innovations owing to growing demand for hybrid & electric vehicles offer growth opportunities for the automotive transmission industry.

Automotive transmission manufacturers must advance hybrid transmission technology due to rising consumer demand for convenience, fuel efficiency and government initiatives promoting electric & hybrid vehicles. The automotive industry faces pressure to adapt to evolving technology and consumer preferences, with automatic transmission demand driven by smooth gear shifting and acceleration.

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Trends in Automotive Transmission Market Across Global Regions

The passenger car sector dominates the automotive transmission market, securing a substantial 71% share by volume in 2023. China particularly, stands out as the global leader in passenger car demand, with a noticeable shift towards electric vehicles. India has also witnessed a significant surge in passenger vehicle sales, registering a remarkable 27% increase, reaching a record-breaking 3.9 million units in the last fiscal year. In Asia Pacific, in the passenger car market, automatic transmission will be dominating by 2028, due to the ease of driving, and smooth riding experience it offers. Whereas, in the United States, the trend for SUVs is on a remarkable rise, driven by consumers' preference for larger, sturdier vehicles. This trend is fueled by perceptions of enhanced safety, spaciousness, and elevated driving positions. In North America, for passenger cars, Automatic Transmission will be dominating in the forecasted period followed by CVT and DCT. In the European region, SUVs dominate the market with almost 49% of total passenger car sales. In this region, automatic transmission will be dominating the market followed by manual transmission and DCT.

The Rapid Growth of CVT Transmission Technology

CVT transmission type, by number of forward gears is estimated to be the fastest growing segment. CVT transmissions, unlike traditional transmission systems uses set of fixed gears which allows smooth and step-less ratio changes. CVT can avoid shift shock making it an excellent transmission alternative. CVTs offer smoother acceleration and improved fuel efficiency compared to traditional automatic transmissions. Furthermore, CVTs' ability to continuously adjust gear ratios provides a seamless driving experience, particularly in urban environments with stop-and-go traffic. As automakers strive to meet stringent fuel economy regulations and consumer demand for more efficient vehicles grows, the adoption of CVTs is expected to continue rising, further driving market expansion.

Rapid Growth in Two-Wheeler Automatic Transmission Market

The by two-wheelers automatic transmission market is estimated to be the fastest-growing market over the forecast period. This growth can be attributed to several factors, including convenience and ease of use, particularly in urban environments with frequent stop-and-go traffic. This appeals to a broader range of riders, including those needing to be more comfortable with manual shifting. Additionally, automatic transmissions provide smoother acceleration and gear changes, enhancing the riding experience. Furthermore, as technology advances, automatic transmissions are becoming more efficient and reliable, addressing concerns about performance and maintenance. Finally, with the increasing popularity of electric scooters and motorcycles, automatic transmissions complement the electric drivetrain technology well, offering seamless power delivery and maximizing efficiency.

Asia Pacific Emerging as Key Player in Automotive Transmission Market

By 2028, Asia Pacific will hold a significant share of the automotive transmission market. China and India are expected to lead regional transmission market, with a notable global presence. Government incentives promoting green vehicles, particularly electric and hybrid vehicles is expected to drive the transmission market. Manufacturers in this region, such as JATCO Ltd., Aisin Corporation, and Hyundai Transys, prioritize energy-efficient components for electric vehicles supported by government regulations and foreign direct investment norms. Consequently, OEMs increasingly integrate electric and hybrid vehicles into their product portfolios.

Key Market Players:

Aisin Corporation (Japan),

 ZF Friedrichshafen AG (Germany),

Magna International Inc. (Canada),

JATCO Ltd. (Japan),

 BorgWarner Inc. (US).

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Automotive Gearbox Market - Global Forecast to 2025

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[sudeepkedar]

Motorcycle Market Trends, Analysis & Forecast, 2032

Motorcycle Market is projected to reach USD 225.8 billion by 2032. The increasing demand for fuel-efficient and environmentally friendly transportation options will favor the industry growth. The surging rate of urbanization and traffic congestion is increasing the popularity of motorcycles for their maneuverability and efficiency in crowded areas. Additionally, the rising interest in recreational and adventure riding is driving the demand for off-road and sport motorcycles.

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Technological advancements, including electric motorcycles and smart features are further attracting consumers to seek modern and innovative transportation solutions. For instance, in January 2023, Hero MotoCorp, India's largest two-wheeler maker, commenced commercial trials of production for its flex-fuel motorcycles, expected to be introduced in the 100 to 125 cc mass segment, a significant part of the Indian ICE scooter business. The affordability and cost-effectiveness of motorcycles compared to four-wheeled vehicles is also making them a favorable choice in emerging markets, adding to the industry growth.

Motorcycle industry share from the electric propulsion segment is forecasted to exhibit robust growth rate through 2032, due to the increasing emphasis on sustainable transportation. Electric motorcycles help in meeting the growing environmental consciousness for offering emission-free and energy-efficient alternatives. The rising advancements in battery technologies, influx of government incentives, and the expanding charging infrastructure will also promote the adoption of electric motorcycles.

Motorcycle market value from the cruiser segment is projected to rise at substantial CAGR from 2024 to 2032, owing to the increasing demand for leisure riding experiences. Cruisers, known for their laid-back designs and comfortable riding stance, are increasingly appealing to riders seeking a relaxed and stylish journey. The rising popularity of cruiser motorcycles among enthusiasts for long-distance touring and recreational riding will also contribute to their heightened adoption. The strong focus of manufacturers on innovative features and customization options will further enhance the appeal of cruiser motorcycles, favoring the segment growth.

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North America motorcycle market size is projected to expand at significant CAGR from 2024 to 2032. The growth can be attributed to the rising appeal for recreational riding, the surge in demand for adventure motorcycles, and the growing popularity of electric motorcycles. Moreover, the strong appeal of motorcycling culture, favorable weather conditions for riding, and the introduction of innovative motorcycle models will further contribute to the regional industry expansion.

Some of the prominent companies operating in the motorcycle market include Bajaj Auto, Energica Motor Company, Harley Davidson, Hero, Honda Motorcycle, Kawasaki Heavy Industries, KTM, TVS, Yamaha, Zero Motorcycles. These industry players are working on partnerships with other companies to create new business possibilities for scaled revenues. For instance, in March 2023, Hero MotoCorp (India) invested up to $60 million in California-based Zero Motorcycles, forming a collaboration to develop powertrains and handle the manufacturing, sourcing, and marketing of electric motorcycles.

Partial chapters of report table of contents (TOC):

Chapter 1   Methodology & Scope

1.1    Market scope & definition

1.2    Base estimates & calculations

1.3    Forecast calculation

1.4    Data sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1   Paid sources

1.4.2.2   Public sources

Chapter 2   Executive Summary

2.1    Motorcycle market 3600 synopsis, 2018 - 2032

2.2    Business trends

2.2.1    Total Addressable Market (TAM), 2024-2032

2.3    Regional trends

2.4    Type trends

2.5    Propulsion type trends

2.6    Engine capacity trends

Chapter 3   Motorcycle Industry Insights

3.1    Industry ecosystem analysis

3.2    Supplier Landscape

3.2.1    Raw material suppliers

3.2.2    Component suppliers

3.2.3    Manufacturers

3.2.4    Distribution channel

3.2.5    End Users

3.3    Profit margin analysis

3.4    Technology & innovation landscape

3.5    Patent analysis

3.6    Price trend analysis

3.7    Key news and initiatives

3.7.1    Partnership/Collaboration

3.7.2    Merger/Acquisition

3.7.3    Investment

3.7.4    Product launch & innovation

3.8    Regulatory landscape

3.9    Impact forces

3.9.1    Growth drivers

3.9.1.1   Increasing urbanization and traffic congestion

3.9.1.2   More fuel-efficient compared to larger vehicles

3.9.1.3   Shifting consumer preferences

3.9.1.4   Increasing disposable income in developing economies

3.9.2    Industry pitfalls & challenges

3.9.2.1   Limited storage and passenger capacity

3.9.2.2   Safety concerns

3.10    Growth potential analysis

3.11    Porter’s analysis

3.12    PESTEL analysis

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact us:

Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Toll Free: +1-888-689-0688 USA: +1-302-846-7766 Europe: +44-742-759-8484 APAC: +65-3129-7718 Email: sales@gminsights.com 

[rentmybikeindia]

Electric bikes for rent in Hyderabad

 Electric bikes (e-bikes) have emerged as a sustainable and convenient mode of urban transportation, offering an eco-friendly alternative to conventional vehicles. With the growing emphasis on environmental conservation and the need for efficient urban mobility solutions, the concept of electric bike rentals has gained significant traction in cities worldwide, including Hyderabad, India. This article delves into the burgeoning trend of electric bike rentals in Hyderabad, exploring its benefits, challenges, market dynamics, and the role it plays in shaping sustainable urban transportation systems.

Looking to explore Hyderabad on two wheels? Look no further than RentMyBike, your go-to destination for bike rental in Hyderabad. With RentMyBike, discovering the charm of this historic city has never been easier. Whether you're cruising around the iconic Charminar or exploring the serene shores of Hussain Sagar Lake, our diverse fleet of bikes caters to every adventure. Experience the convenience of bike rental in Hyderabad with RentMyBike's seamless booking process and affordable rates. From sleek motorcycles to versatile scooters, we offer a range of options to suit your preferences. Say goodbye to traffic woes and parking hassles as you zip through the city's bustling streets on your rented bike. Trust RentMyBike to provide well-maintained and reliable bikes for your Hyderabad escapades. Don't miss out on the freedom and flexibility that bike rental in Hyderabad offers. Book your ride with RentMyBike today and embark on an unforgettable journey through the heart of Hyderabad!

Introduction:

Hyderabad, known for its rapid urbanization and burgeoning population, faces significant challenges in managing traffic congestion, air pollution, and carbon emissions. In recent years, there has been a growing realization among policymakers, urban planners, and citizens about the importance of transitioning towards sustainable modes of transportation. Electric bikes, with their zero-emission operation and flexibility, have emerged as a promising solution to address these challenges.

Understanding Electric Bike Rentals:

Electric bike rentals entail the provision of electric bicycles on a short-term basis, typically for a few hours or days, to individuals or groups seeking convenient and eco-friendly mobility options. Unlike traditional bike-sharing systems, which primarily feature manual bicycles, electric bike rentals offer the added advantage of motorized assistance, enabling users to cover longer distances with minimal physical exertion.

Benefits of Electric Bike Rentals:

Environmental Sustainability: Electric bikes produce zero tailpipe emissions, thus contributing to improved air quality and reduced carbon footprint.

Health and Fitness: While e-bikes offer motorized assistance, users still engage in physical activity, promoting health and well-being.

Cost-effectiveness: Compared to owning a personal vehicle or relying on traditional modes of transportation, electric bike rentals offer a cost-effective mobility solution.

Convenience and Flexibility: With rental stations strategically located across the city, users can access electric bikes at their convenience, bypassing the need for parking hassles or public transportation schedules.

Last-Mile Connectivity: Electric bikes fill the gap in urban transportation by providing convenient last-mile connectivity, complementing existing public transit systems.

Market Dynamics in Hyderabad:

The market for electric bike rentals in Hyderabad has witnessed significant growth in recent years, driven by factors such as increasing awareness of sustainable transportation options, rising urbanization, and government initiatives promoting clean mobility solutions. Several key players have entered the market, offering diverse fleets of electric bikes tailored to meet the needs of different user segments.

Challenges and Opportunities:

While electric bike rentals hold immense potential in transforming urban mobility, they also face certain challenges that need to be addressed:

Infrastructure: Adequate infrastructure, including charging stations and dedicated bike lanes, is essential to support the widespread adoption of electric bikes.

Regulatory Framework: Clear regulations governing electric bike rentals, including safety standards and licensing requirements, are necessary to ensure user safety and operational compliance.

Awareness and Perception: Educating the public about the benefits of electric bikes and dispelling misconceptions surrounding their usage is crucial to fostering wider acceptance.

Integration with Public Transit: Seamless integration with existing public transit systems can enhance the effectiveness of electric bike rentals as a first- and last-mile solution.

RentMyBike, a leading provider of electric bike rentals in Hyderabad, has emerged as a prominent player in the market, offering a diverse range of electric bicycles tailored to meet the needs of commuters, tourists, and leisure riders. The company's user-friendly mobile app allows users to locate nearby rental stations, book bikes, and make payments seamlessly, enhancing the overall user experience.

Conclusion:

The rise of electric bike rentals in Hyderabad reflects a broader global trend towards sustainable urban mobility solutions. By leveraging the benefits of electric bikes, such as environmental sustainability, health and fitness promotion, and cost-effectiveness, cities can address pressing challenges related to traffic congestion, air pollution, and carbon emissions. However, realizing the full potential of electric bike rentals requires concerted efforts from stakeholders, including policymakers, urban planners, industry players, and the public, to overcome challenges and foster a culture of sustainable transportation. As Hyderabad continues to evolve as a vibrant urban center, electric bike rentals are poised to play a pivotal role in shaping its future mobility landscape.

[bizworldinsights]

 Motorcycle Suspension Systems 

The Motorcycle Suspension Systems market, estimated at over US$ 1,459 million in 2019, is projected to experience a steady CAGR of 4.7% from 2018 to 2028. Comprising two telescopic tubes at the front and a swingarm mounted with a rear shock absorber, these suspension systems contribute to vehicle stability during braking and provide comfort to both riders and pillions during bumps. The increasing global sales of motorcycles, coupled with a growing population, the emergence of new motorcycle models, and a rise in per capita income, has fostered a robust ecosystem for the two-wheeler industry, including suspension system manufacturers. Sales are expected to witness a continuous upward trajectory throughout the forecast period, particularly in urban areas where motorcycles serve as a major mode of transportation due to increased population density and limited infrastructure, especially in developing regions.

To read more about the topic please visit site: https://bekryl.com/industry-trends/motorcycle-suspension-systems-market-share-analysis

Electric Motorcycle Revolution: A Revenue Opportunity for Suspension System Vendors

As leading motorcycle manufacturers shift toward electric mobility, governments implement policies and subsidies to boost electric vehicles, leading to the emergence of new players in the market. The electric mobility segment presents a double-digit growth opportunity for industry players, and long-term partnerships with e-motorcycle vendors could contribute significantly to revenue generation and provide a strong foothold in the electric mobility segment.

Aftermarket Growth Momentum

While OEMs continue to dominate motorcycle suspension system sales, the aftermarket segment is poised for the fastest growth during the forecast period, particularly in countries like India and China where the replacement rate for suspension systems is higher than the global average. In the OEM market, the motorcycle suspension system sector is highly consolidated, with the top seven players holding a 63% global share. These players focus on product innovation to meet end-user requirements.

Global Motorcycle Suspension Systems Market Size and Forecast: Regional Analysis

Asia Pacific Leading Global Sales: In 2018, Asia Pacific accounted for 59% of the global market share, driven by higher motorcycle sales in China and India, collectively representing over 71% of total motorcycle sales worldwide. Factors such as rapid urbanization, high population density, rising per capita income, and changing lifestyles have contributed to the region's growth. With automotive cluster zones in China and India, lower production costs have further fueled the flourishing automotive industry. The ASEAN region is also a key destination, expected to experience increased economic prosperity with the Free Trade Agreement. Moreover, the region houses densely populated cities such as Manila and Singapore, and the prevalence of electric motorcycles is anticipated to rise significantly by 2028.

North America's Significant Growth: North America, known for its sports motorcycles and home to leading manufacturers like Harley Davidson, is another key market. The motorcycle suspension systems market in North America is expected to register a CAGR of 3.8% between 2019 and 2028, driven by growing motorcycle sales, particularly in electric motorcycles and the ride-sharing concept.

Global Motorcycle Suspension Systems Market Size and Forecast: Competition Landscape

Key Motorcycle Suspension Systems market players include:

BMW Motorrad

KYB Corporation

Gabriel India Ltd.

Nitron Racing Shocks

Traxxion Dynamics

Tractive Suspension

BITUBO S.r.l.

ABE Bike Engineering

Duro Shox Pvt. Ltd.

SHOWA Corporation

Ohlins

Progressive Suspension Inc.

K-Tech Suspension, Inc.

ZF Friedrichshafen AG

Marzocchi Moto

Mupor Srl

Industry Segmentation

By Vehicle Type:

Motorcycle

Conventional Motorcycles

Electric Motorcycles

Scooter

Conventional

Electric Scooters

Mopeds

By Technology:

Passive

Active

By Distribution Channel:

OEM

Aftermarket

By Suspension Type:

Front

Rear