- In January 2024, Raptee Energy, an emerging electric vehicle startup, unveiled its high-voltage drivetrain at the Tamil Nadu Global Investor Meet (GIM). The drivetrain boasts impressive specifications, including a top speed of 135 km/h and a driving range of 150 km. The company plans to officially launch this innovative vehicle by April 2024
- In March 2023, Hero MotoCorp of India partnered with Zero Motorcycles from California, USA, committing up to USD 60 million to the collaboration. This partnership aims for Zero to develop powertrains while leveraging Hero MotoCorp's manufacturing scale, sourcing capabilities, and marketing expertise for electric motorcycles. This strategic alliance is set to enhance Hero MotoCorp's electric motorcycle offerings significantly
- In February 2023, Yamaha, the Japanese motorcycle manufacturer, announced updates to its entire two-wheeler lineup in India, transitioning to the On-Board Diagnostic (OBD-II) system effective April 2023. The updated models, including the FZS-Fi V4 Deluxe, FZ-X, and MT-15 V2 Deluxe, will now feature a standard Traction Control System (TCS) designed to enhance safety. This system optimizes ignition timing and fuel injection to prevent excessive wheel slippage, improving power delivery and rider control, particularly during cornering. Additionally, Yamaha plans to introduce new gasoline models by the end of 2023
- In January 2023, Hero MotoCorp, India's leading two-wheeler manufacturer, announced the commencement of trial production for motorcycles powered by E20 fuel, which can utilize various blends of E10 and E20. The company is conducting commercial production trials for flex-fuel motorcycles aimed at the 100-125 cc mass market segment. This initiative is part of Hero MotoCorp's efforts to embrace sustainable fuel solutions in the two-wheeler industry
- In January 2023, Bajaj Auto announced its entry into the premium two-wheeler segment with plans to manufacture KTM bikes featuring higher displacement engines (over 390cc) for both domestic and international markets. The company is actively incorporating these models into its production strategy, set to roll out in the coming months. This move marks Bajaj Auto's commitment to expanding its portfolio in the growing premium motorcycle sector
Frequently Asked Questions
The market is segmented based on Segmentation, By Type (On Road, Off Road, and Scooters), Engine Capacity (Up to 200cc, 200cc to 400cc, 400cc to 800cc, and More than 800cc), Application (Handlers and Postures), Propulsion Type (Internal Combustion Engine and Electric), Price range (Low, Mid, and High), End User (Cruiser, Adventure, Touring, Standard, and Sports) - Industry Trends and Forecast to 2031
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The Global Motorcycles Market size was valued at USD 104.27 USD Million in 2023.
The Global Motorcycles Market is projected to grow at a CAGR of 5.2% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
