New Delhi, April 5 -- Royal Enfield, maker of the iconic Bullet motorcycles, needed 15 years to grow its share of India's two-wheeler market from negligible to 5%. Electric two-wheeler makers in India achieved that in 4 years. These two journeys possibly outline what course India's two-wheeler market is likely to take the next few years.

Eicher Motors Ltd, the parent company of Royal Enfield, announced sales of over 1 million motorcycles last year-its best in over a century of existence. Last year, electric two-wheeler makers in India sold 1.14 million units, passing the million-units milestone for the first time. Enfield's sales grew 11% over the past year, while overall electric two-wheeler sales in India grew 21% in that same period....