India will become the king of the world two-wheeler market by this year
However, there is a sharp increase in the sales of electric two-wheelers. More than 25 percent of two-wheelers sold in 2024 are expected to be electric. Senior analyst Soumen Mandal said that the two-wheeler market is moving towards maturity, but people's inclination towards electric vehicles is going to increase, especially after 2025.
Business - India may overtake China to become the world's largest two-wheeler market in 2024. This information was given in a report on Friday. Counterpoint Research said that due to strong economic growth rate, first choice of two-wheeler customers for short distances and increasing demand for two-wheelers in the shared mobility space, India will overtake China by 2024. Will become the world's largest market.
In 2023, two-wheeler sales had increased by less than one percent on an annual basis. However, there is a sharp increase in the sales of electric two-wheelers. More than 25 percent of two-wheelers sold in 2024 are expected to be electric. Senior analyst Soumen Mandal said that the two-wheeler market is moving towards maturity, but people's inclination towards electric vehicles is going to increase, especially after 2025.
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