An e-scooter (electric scooter) is a 2-wheeled vehicle that uses electricity to power its motor. These vehicles in our country are quickly gaining popularity, we would indirectly appreciate the government support, increasing fuel prices, and a rising awareness of environmental issues. Most brands lead the market, offering various models with different features, price points, and ranges. Some of the top models include the Ola S1 Pro, Ather 450 X, and TVS iQube, all celebrated for their excellent range, rapid charging, and smart capabilities. The Indian electric scooter market has seen remarkable growth in recent years, driven by government incentives, rising consumer interest in eco-friendly transportation, and the proactive expansion efforts of major manufacturers. This article looks into the “electric scooters India share price target 2025” by examining market trends, key players, and expert predictions.
Market Momentum: The Rise of Electric Scooters in India
The Indian electric two-wheeler market experienced impressive growth in 2025. In the first three months alone, electric vehicle (EV) sales have topped 370,000 units, marking a strong year-on-year increase of 16.5%, despite the reduction in government incentives. The industry has expanded significantly, jumping from 176,996 units in 2021 to an all-time high of 1.2 million in 2024, illustrating a clear shift in consumer preferences toward electric transportation.
- Government support is key to driving growth. As part of the EMPS 2024 plan, the government has set aside ₹500 crore for electric two- and three-wheelers, providing subsidies of ₹5,000 per kWh (limited to 15% of the vehicle’s factory price). While this is lower than what previous programs offered, it still helps boost demand and promotes local manufacturing.
Key Players and Their Market Performance
- Bajaj Auto: Chetak Leads the Pack
Bajaj Auto’s Chetak electric scooter has emerged as India’s best-selling e-scooter in March 2025, with record monthly sales of 34,863 units and a total of 230,761 units sold in FY2025—a 116% increase from the previous year. Bajaj now commands a 20% market share, nearly double its previous year’s share, thanks to new product launches and a robust distribution network.
- Ola Electric: Aggressive Expansion and Investor Interest
Ola Electric Mobility Ltd. is another frontrunner in the sector, known for its innovative products and rapid expansion. According to expert forecasts, Ola Electric’s share price target for 2025 ranges between ₹100 and ₹120, reflecting expectations of strong growth, increased production capacity, and new model launches. Some sources are even more bullish, projecting a target range of ₹240 to ₹300 by the end of FY2025, citing product diversification and deeper market penetration as key drivers.
- Scooters India Ltd.: Steady Growth Trajectory
Scooters India Ltd., a legacy player, is also expected to see steady growth. Share price predictions indicate a gradual rise throughout 2025, with the stock forecasted to close at around ₹81.32 by December 2025, up from approximately ₹74.65 in March 2025. This suggests moderate but consistent investor confidence in the company’s ability to adapt to the evolving market landscape.
Share Price Targets: 2025 Forecasts at a Glance
| Company | Share Price Target 2025(₹) | Key Drivers |
| Ola Electric | 100-120 / 240-300 | Production expansion, new models, market penetration |
| Scooters India Ltd. | 81.32 | Steady adoption, legacy presence |
| Bajaj Auto(Chetak) | Not listed, but strong sales | Market leadership, product innovation |
Factors Influencing Share Price Targets
Several factors are shaping the “electric scooters India share price target 2025”:
- Government Policies: Ongoing subsidies, though reduced, continue to incentivize both manufacturers and buyers.
- Product Innovation: The Introduction of new models and battery technologies is expanding consumer choice and boosting sales.
- Market Expansion: Companies are aggressively expanding distribution networks, targeting both urban and rural markets.
- Consumer Sentiment: Growing environmental awareness and rising fuel prices are accelerating the shift to electric scooters.
Conclusion: The Road Ahead for Investors
The outlook for electric scooter companies in India remains highly positive for 2025. Bajaj Auto’s Chetak and Ola Electric are leading the charge, with robust sales and optimistic share price targets reflecting the sector’s growth potential. While Scooters India Ltd. is expected to deliver steady gains, the real momentum lies with innovative, aggressive players like Ola and Bajaj.
For investors, the “electric scooters India share price target 2025” signals a dynamic market with significant upside, provided companies continue to innovate and capitalize on favorable policy environments. As India accelerates towards an electric future, the coming year promises both excitement and opportunity in the EV sector.
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