Overview of the India Electric Vehicle Motor Market: Key Statistics and Trends:
According to the latest report by MarkNtel Advisors, titled “India Electric Vehicle Motor Market By Vehicle Type (Electric Passenger Cars [Sedan Hatchback SUV] Electric Commercial Vehicles [Electric Light Commercial Vehicles Electric Medium & Heavy Commercial Vehicles] Electric Two Wheelers [Electric Scooters Electric Motorcycles] Electric Three Wheelers) By Type (AC Motor DC Motor) By Motor Type (Brushless Motors Brushed Motors Induction (Asynchronous) Motors Switched Reluctance Motors Synchronous Motors) By Component (Motor Stator Rotor, Shaft, and Bearing Permanent Magnet Casing Wiring & Connectors Others) By Power Rating (Up to 20 kW 21 kW to 100 kW 101 kW to 250 kW Above 250 kW) and others, The India Electric Vehicle Motor Market size was valued at around USD 0.898 billion in 2024 and is projected to reach USD 2.889 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 21.5% during the forecast period, i.e., 2025-30. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
India Electric Vehicle Motor Market Growth and Scope:
Base Year: 2024
Forecast Period: 2025-30
Historical Data: 2020-23
CAGR (2025-2030): 21.5%
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India Electric Vehicle Motor Market Trend:
Integration of IoT in Motors – There is increasing use of the Internet of Things in motors that are employed in Electric vehicles as they provide real-time control of the motor and allow accurate adjustments to increase efficiency, thereby optimizing performance. These motors are equipped with sensors and collect data on vibration, temperature and energy consumption. This data is then transmitted to a base monitoring system for predictive maintenance and reduction of downtime with performance optimization. For instance, the Hyundai Kona Electric and Tata Nexon EV employ IoT-enabled smart motors for performance optimization and increased energy efficiency.
A Comprehensive Analysis of Leading Companies of India Electric Vehicle Motor Market by MarkNtel Advisors:
- ABB
- Tata Motors
- Kirloskar Electric
- Nidec Corporation
- Bharat Heavy Electricals Limited (BHEL)
- Bonfiglioli
- Laxmi Hydraulics Pvt. Ltd.
- Robert Bosch GmbH
- CG Power & Industrial Solutions Ltd.
- Weg Industries India
- Others
Key India Electric Vehicle Motor Market Segmentation:
Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/india-electric-vehicle-motor-market.html
-By Vehicle Type
- Electric Passenger Cars
- Electric Commercial Vehicles
- Electric Medium & Heavy Commercial Vehicles
- Electric Two Wheelers
- Electric Three Wheelers
Based on the type of vehicle, electric two-wheelers are the major users of motors, thus holding a market share of around 60%.
-By Motor Type
- Brushless Motors
- Brushed Motors
- Induction (Asynchronous) Motors
- Switched Reluctance Motors
- Synchronous Motors
Based on the type of motor, brushless motors dominate the market with a share of around 48%. The main reason behind this growth is their high utility in electric scooters, which is the leading vehicle segment of this market.
-By Type
- AC Motor- Market Size & Forecast 2020-2030, USD Billion
- DC Motor- Market Size & Forecast 2020-2030, USD Billion
-By Component
- Motor Stator- Market Size & Forecast 2020-2030, USD Billion
- Rotor, Shaft, and Bearing- Market Size & Forecast 2020-2030, USD Billion
- Permanent Magnet- Market Size & Forecast 2020-2030, USD Billion
- Casing- Market Size & Forecast 2020-2030, USD Billion
- Wiring & Connectors- Market Size & Forecast 2020-2030, USD Billion
- Others- Market Size & Forecast 2020-2030, USD Billion
-By Power Rating
- Up to 20 kW- Market Size & Forecast 2020-2030, USD Billion
- 21 kW to 100 kW- Market Size & Forecast 2020-2030, USD Billion
- 101 kW to 250 kW- Market Size & Forecast 2020-2030, USD Billion
- Above 250 kW- Market Size & Forecast 2020-2030, USD Billion
Geographical Analysis
-By Region
- North
- South
- East
- West
Key Reports Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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Key Advantages of the Report by MarkNtel Advisors:
- Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
- Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
- Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.
Note: If you need additional information not included in the report, we can customize it to suit your requirements.
About Us –
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 21.50+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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