💡 A Deep Dive into India's $1.6 Billion EV 2-Wheeler Industry
ReadOn Insights April Report: India's EV 2-Wheeler Industry. Read on!
ReadOn Insights is our latest initiative to make quality industry insights available to all business owners, employees, professionals and investors and enable them to think sharper, deeper, smarter.
In the ninth edition, we look at the $1.6 Billion EV 2-Wheeler industry in India.
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👉 India's electric two-wheeler industry is set to grow to $12.44 Bn by 2031 (CAGR: 40.34%)!
👉 Rising disposable income, increasing urbanisation, rising environmental concerns, better financing options, government initiatives and India's green goals are driving growth for this industry.
👉 New age brands are charging this industry with innovative tech, smart charging, monthly subscriptions, battery swapping and whatnot.
With electric two-wheelers making the country greener, the future of this industry looks very exciting!
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Highly Informative...Covered extensively about EV industry.