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43% of Indian Two-Wheeler Buyers Consider EVs for Their Next Purchase: Report
Sentiment: NeutralHigh Priority
What Happened?
A Boston Consulting Group report reveals that 43% of Indian two-wheeler consumers are considering electric vehicles for their next purchase, up from 30% in 2024. This indicates a growing acceptance of electric mobility in India.
Key points
- 43% of Indian two-wheeler consumers are considering electric two-wheelers for their next purchase.
- This is an increase from 30% in 2024.
- India's two-wheeler market sold approximately 22.19 million units in FY26.
- Electric two-wheeler penetration rose from 5.5% in FY24 to 9.9% in FY27 year-to-date.
- Electric scooters saw penetration increase from 16.8% to 24.1% during the same period.
- Consumer resistance to electric two-wheelers decreased, with those not considering them falling from 38% to 29%.
Key insights
- Improved perceptions of electric two-wheelers are driving consumer interest.
- The rise in electric vehicle consideration may lead to increased sales in the segment.
- Manufacturers need to focus on addressing concerns about battery range and reliability.
Why it matters
The growing interest in electric two-wheelers could influence manufacturers to enhance product offerings and address consumer concerns.
Tags
Entities
Boston Consulting Group· OrganizationIndia· Country
Source
India Today
