India Premium Motorcycles Market By Engine Capacity (500-800cc, 801-1600cc and >1600cc), By Propulsion Type (ICE, Electric), By Region, Competition, Forecast & Opportunities, 2020-2030F

India's Premium Motorcycles Market was valued at USD 1.3 billion in 2024 and is anticipated to reach around USD 2.5 billion by 2030, growing at a CAGR of 12.5% during the forecast period. The market is witnessing robust growth driven by rising income levels and an increasing appetite among younger consumers for luxury and high-performance motorcycles. Urbanization is playing a key role in this expansion, with improved infrastructure and mobility needs boosting demand for premium two-wheelers. As India undergoes rapid urban growth-expected to reach 600 million urban residents by 2036 and contribute 75% to the GDP by 2031-there is an accompanying rise in aspirational purchases, including premium motorcycles. This urban transition, coupled with lifestyle shifts and increased purchasing power, is fueling the demand for high-end, technologically advanced motorcycles designed for both performance and style.

Key Market Drivers

Rising Disposable Incomes

An essential growth driver for the India Premium Motorcycles Market is the increase in disposable incomes across the population. As economic development progresses, a larger segment of consumers now has the financial means to indulge in high-value discretionary spending. This shift enables more individuals to afford premium motorcycles, which command higher price points than regular models. The enhanced purchasing power is expanding the consumer base for premium bikes, especially among aspirational and performance-oriented buyers. For example, by 2050, income levels in India are projected to rise to USD 17,609, highlighting an upward trend in affordability across the Asia-Pacific region.

Key Market Challenges

High Import Duties and Taxes

The India Premium Motorcycles Market faces a significant hurdle in the form of steep import duties and taxes. Many premium motorcycle models are manufactured overseas and attract high tariffs upon entry into the Indian market, substantially raising their retail prices. These inflated costs limit affordability for many potential buyers, making premium motorcycles less competitive when compared to global pricing. Consequently, this restricts market growth and prompts consumers to consider lower-cost or locally assembled alternatives.

Key Market Trends

Growth of the Adventure Touring Segment

Adventure touring motorcycles are rapidly gaining popularity in India due to their dual-purpose capability and rugged design. These bikes are tailored for both urban and off-road conditions, attracting a new wave of riders interested in travel and exploration. Features such as long-travel suspension, durable tires, and advanced electronic systems make them ideal for long-distance and varied-terrain riding. In response to this demand, manufacturers are expanding their product offerings within the adventure touring category, reflecting a shift in consumer preference from traditional cruisers and sportbikes to more versatile and experience-driven models.

Key Market Players

• Hero MotoCorp Limited
• Eicher Motors Limited
• TVS Motor Company Limited
• Bajaj Auto Limited
• Honda Motorcycle & Scooter India Pvt. Ltd.
• Yamaha Motor India Pvt. Ltd.
• Suzuki Motorcycle India Pvt. Ltd.
• Kawasaki Motors Pvt. Ltd.
• BMW Motorrad India
• Triumph Motorcycles India Pvt. Ltd.

Report Scope:

In this report, the Premium Motorcycles Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

India Premium Motorcycles Market, By Engine Capacity:

• 500-800cc
• 801-1600cc
• >1600cc

India Premium Motorcycles Market, By Propulsion Type:

• ICE
• BEV

India Premium Motorcycles Market, By Region:

• North India
• West India
• South India
• East India

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the India Premium Motorcycles Market.

Available Customizations:

India Premium Motorcycles Market report with the given market data, TechSci Research offers customizations according to the company's specific needs. The following customization options are available for the report: -

Company Information

• Detailed analysis and profiling of additional market players (up to five).