How E-Motorcycles Are Transforming India’s Two-Wheeler Market

India’s electric two-wheeler journey starts in 2006 with the launch of YObykes, but the tale of Electric Motorcycle in market begun much latter in 2019 with the launch of the Revolt RV400, a bike that was positioned for urban commuter with a practical range of 150 Kms.

From FY2022 to FY2024, the number of electric motorcycles launched stayed moderately low. This could be due to the possibility that, initially Oem’s were focused on early capturing the Electric scooter market or lack of R&D to support the manufacturing of Electric-Motorcycles. However, In FY2025, the number of new launches in this segment has more than doubled.

Fig 1: Number of E-Motorcycles launched

e-bikes graph image

Source: JMK research, news articles, company websites

  • Revolt holds a significant lead in this segment due to continuous visibility with product upgradation at reasonable prices and penetration in Tier 1 and Tier 2 cities.
  • Oben Electric entered the market in 2023, is targeting to reach price-conscious buyers. With focus to capture mass-market segment, Oben Electric has launched the “O100” platform targeting models under INR 1 lakh. With 37 stores already active across 13 states, the company aims to expand to 150 showrooms by FY26.
  • Ultraviolette stands out in a much more premium segment, focusing more on its performance and global goals. Ultraviolette has a global presence in 10 European markets

Collectively, these companies demonstrate the variety of approaches influencing India’s developing e-motorcycle industry.

Fig 2: Sales of Pure E-Motorcycle OEMs

e-bikes line chart

Source: Vahan Dashboard, Telangana RTO, JMK Research

Each brand offers diversity in their product line up from tech-led experiences to everyday practicality Here’s how their current offerings stack up:

Table 1: Product Portfolio of Dedicated Electric Motorcycle Manufacturers

e-bikes table

Source: JMK research, company websites, news articles

While the existing players are still paving their way in the market, the new entrants are also now speeding up in this landscape by filling the existential gaps. For example,

  • Matter Motors has introduced a unique product called the Aera, entered the market in October 2024 and is the country’s first geared electric motorcycle. It features a four-speed manual transmission system, HyperShift, aimed at offering a manual riding feel in an electric vehicle format.
  • Other players like Komaki offers country’s first electric Cruiser bikes giving a range of 160- 240 km, in price bracket of INR 1,29,999 – INR 1,34,999 while
  • Ola also offers Roadster series with much diversified variants offering 116-321 km of range in comparatively lower price bracket from INR 74,999 to INR 1,99,999.
  • Additionally, Hero has partnered with California-based Zero Motorcycles to co-develop electric bikes for the Indian market.

Clearly, electric motorcycles in India are slowly and steadily gaining traction, supported by rising consumer interest, advancing technology, and growing investor confidence. Moreover, India being the global leader in ICE motorcycles, there is tremendous opportunity for EV players as well in this space. With increasing in product variety and better infrastructure, the coming years are likely to be defined by practicality, technology, affordability and global reach.