The Indian automotive motor market is projected to grow at a double-digit CAGR during the forecast period. Considerable prospects for the growth in the Indian automotive market can be witnessed during the forecast period, which will augment the automotive motor market. The electric vehicle market in the country is at the nascent stage as most of the electric vehicles sold are two-wheelers & light commercial vehicles (E-rickshaw) and very few electric cars are on the road. With the new launch of EVs in the country, substantial growth in the Indian automotive motor industry is expected to be witnessed during the forecast period.
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In April 2020, Bharat VI emission norms were introduced in the country. It has caused a price increase for the vehicle, which will restrict the market growth however, on the other side; the stricter emission norms have opened a new export market for the companies from India. For instance, after the implementation of new Bharat VI norms, Honda Motorcycle and Scooter India (HMSI) has announced the export of its two-wheeler to developed economies also. As of August 2020, HMSI exports to Nepal, Sri Lanka, and Latin American countries which are only 6% of the total production of HMSI. With the increase in export from the country, the automakers are likely to create more demand for automotive motors and thereby create a scope for the growth of the Indian automotive motor market over the forecast period.
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• Market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- By Type, By Vehicle Type, By Distribution Channel
• Regions Covered- The US
• Competitive Landscape- Continental AG, Robert Bosch GmbH, and Siemens AG, Minda Corp. Ltd., Tata AutoComp Systems Ltd.
Key questions addressed by the report
• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region/segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
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India Automotive Motor Market – Segmentation
• Brushless DC Motor & Stepper Motor
• Brushed DC Motor
• AC Induction Motor
By Vehicle Type
• Passenger Vehicles
o Passenger Car
• Commercial Vehicles
o Light Commercial Vehicles (LCVs)
o Heavy Commercial Vehicles (HCVs)
o Others (Buses & Coaches)
• Electric Vehicles
By Distribution Channel
• ABB Ltd.
• Continental AG
• Denso Corp.
• Hyundai Mobis Co., Ltd.
• Johnson Electric Holdings Ltd.
• Jumps Auto Industries Ltd.
• Mahle GmbH
• Minda Corp. Ltd.
• Nidec Corp.
• Robert Bosch GmbH
• Siemens AG
• Tata AutoComp Systems Ltd.
• Valeo SA
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