Electric Two-wheeler: India Market Outlook In the last few years, India has shown considerable progress in the electric two-wheeler (E2W) space with serious players entering the market such as TVS, Bajaj, and Hero. From FY2016 till FY2020, the E2W market in India has grown by a CAGR of 62%. Also, more than US$600 million of investments have been raised by various E2W startup companies in the last two years. The FY2020 sales of electric two-wheelers stood at 152,000 units, which…