India: By 2026, 1 in 5 scooters will be electric
The e-scooter segment in India is expected to make up one-fifth of the country's total two-wheeler market by FY26, Business Standard reported. This is due to the growth of distribution networks, new model launches, and entry of leading manufacturers into the e-scooter space. Honda is one such major player. The report estimates e-scooter penetration at 20-25% of the combined ICE and e-scooter market by FY26.
Industry anticipates 2 growth scenarios
The report also notes two possible growth scenarios for the e-scooter segment. A senior executive from a leading electric two-wheeler company said that with an average monthly sales of 120,000 units, the e-scooter sales could reach 1.5 million units by FY26. But, if the market grows faster, penetration could go up to 25% with a monthly sales of 150,000 units.
Distribution networks and pricing strategies boost e-market
The rosy outlook for the e-scooter market is bolstered by the fast-expanding distribution networks, which now span 60% of the two-wheeler market. Also, a reduction in electric scooter prices, particularly with the introduction of new entry-level models, will draw a wider customer base. By the end of FY25, e-scooter penetration is expected to hit between 13-15%.
E-scooter sales in FY25 to surpass 1M units
According to VAHAN data, nearly 0.79 million electric two-wheelers have been registered in FY25. With three months still left, total sales for FY25 are expected to exceed one million units. This data further highlights the potential growth of the e-scooter market in India.
