· Electronics & Manufacturing · Source: thehindubusinessline.com

India electric cycle market enters growth phase as start-ups, incumbents battle it out

India’s electric cycle market is entering a rapid growth phase, driven by both start-ups and established players competing to scale the segment. Revenues are projected to reach $720.4 million in FY26 and exceed $850 million in FY27. Lower operating costs and easy home charging are boosting adoption, while demand is strongest in the ₹30,000–₹55,000 range, with commercial and delivery use emerging as key growth drivers.

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