TL;DR
Indian motorcycle production surged by 11.3% in 2024, with electric motorcycle sales growing 17.3% to over 1.2 million units, prompting manufacturers like Honda and Suzuki to expand operations.
India's motorcycle production witnessed a substantial 11.3% year-on-year growth in 2024, reaching 23.88 million units, while sales volumes increased by 9.1% to 19.6 million units, marking the third consecutive year of expansion. Within this burgeoning market, electric motorcycle sales also saw significant traction, totaling 1.211 million units and recording a 17.3% year-on-year increase. Major manufacturers like Suzuki and Honda are actively investing in this growth by constructing new production lines and plants in India.
The accelerated electrification trend in India is further underscored by Honda's establishment of a new research and development center in Bengaluru, aimed at advancing electric mobility solutions. This expansion comes as India and other ASEAN countries increasingly promote the adoption of electric motorcycles as a strategy to combat air pollution and move towards sustainable transportation. The overall growth in production and sales reflects a dynamic two-wheeler market with a strong push towards electric alternatives.
