India's domestic two-wheeler market is slowing, with ICE bikes expected to stagnate at 3% CAGR over FY26-35. In contrast, electric two-wheelers (E-2Ws) are poised for exponential growth, projected to rise 13-15x in the next decade. Falling battery costs, FAME-II incentives, and expanding EV adoption are driving this shift, signalling a major transformation in India's 2W industry.