Talk to our Consultant - India Electric Vehicle Motor Market Size, Share & Forecast Analysis by 2030

India Electric Vehicle Motor Market Research Report Forecast: (2025-2030)

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... ... m & 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 Read more

Automotive
Mar 2025
Pages 134
Report Format: PDF, Excel, PPT

Market Insights & Analysis: India Electric Vehicle Motor Market (2025-30):

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 growth of the industry is motivated by rising electric vehicle sales supported by the emergence of environmental concerns, expanding charging infrastructure, reduced running costs, and a burgeoning middle class. The Federation of Automobile Dealers' Association has stated that in 2023, about 82,688 electric vehicles were sold in India, and by 2024, this figure is set to rise by nearly 20 percent to over 100,000 units. And with every such vehicle going with the motor, there will be a need for motors simultaneously.

Report Coverage	Details
Historical Years	2020-23
Base Years	2024
Forecast Years	2025-30
Market Value in 2024	USD 0.898 billion
Market Value by 2030	USD 2.889 billion
CAGR (2025-30)	21.5%
Top Key Players	ABB, Tata Motors, Kirloskar Electric, Nidec Corporation, Bharat Heavy Electricals Limited (BHEL), Bonfiglioli, Laxmi Hydraulics Pvt. Ltd., Robert Bosch GmbH, CG Power & Industrial Solution Ltd., Weg Industries India, and others
Key Report 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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Moreover, the Indian government is highly focused on promoting the production and use of electric vehicles. For instance, they introduced the PM E-DRIVE scheme in 2024 that promotes the production of electric vehicle and their components locally so that dependency on imports can be reduced. This can help companies to easily establish their production facility in India. Additionally, the government is also establishing charging points, that can help consumers charge their vehicles in a very short time. Their number has reached around 12,146 as of Feb 2024, with Maharashtra and Delhi having the most stations, and this number is continuously increasing, mainly in the developing states. This inclines various people to invest in electric cars. Also, the government is offering subsidies for the purchase of EVs. Such efforts will further increase the demand for motors that are used to provide power to electric vehicles, hence promising a growing environment for the market in the future.

Furthermore, various EV manufacturers are investing in innovating their vehicles. This is because of the increasing consumer demand for electric vehicles that have longer drive ranges, shorter charging times, low maintenance costs, etc., and that too at lower prices as compared to the present market. As such factors will be featured in electric cars, their sales will increase in the future. This will further increase the demand for robust motors. The rising demand for motors is mainly due to the accelerated demand for electric vehicles bolstered by programs initiated by the government and automotive industry, providing a good thrust to the market during the forecast period.

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
India Electric Vehicle Motor Market Policies, Regulations, and Product Standards
India Electric Vehicle Motor Market Trends & Developments
India Electric Vehicle Motor Market Dynamics
1. Growth Drivers
2. Challenges
India Electric Vehicle Motor Market Hotspot & Opportunities
India Electric Vehicle Motor Market Value Chain Analysis
India Electric Vehicle Motor Market Outlook, 2020-2030F
1. Market Size & Outlook
  1. By Revenues (USD Billion)
2. Market Share & Outlook
  1. By Vehicle Type
    1. Electric Passenger Cars- Market Size & Forecast 2020-2030, USD Billion
      1. Sedan- Market Size & Forecast 2020-2030, USD Billion
      2. Hatchback- Market Size & Forecast 2020-2030, USD Billion
      3. SUV- Market Size & Forecast 2020-2030, USD Billion
    2. Electric Commercial Vehicles- Market Size & Forecast 2020-2030, USD Billion
      1. Electric Light Commercial Vehicles- Market Size & Forecast 2020-2030, USD Billion
        
        Electric Light Trucks- Market Size & Forecast 2020-2030, USD Billion
        
        Electric Minivans- Market Size & Forecast 2020-2030, USD Billion
      2. Electric Medium & Heavy Commercial Vehicles- Market Size & Forecast 2020-2030, USD Billion
        
        Electric Trucks- Market Size & Forecast 2020-2030, USD Billion
        
        Electric Bus- Market Size & Forecast 2020-2030, USD Billion
    3. Electric Two Wheelers- Market Size & Forecast 2020-2030, USD Billion
      1. Electric Scooters- Market Size & Forecast 2020-2030, USD Billion
      2. Electric Motorcycles- Market Size & Forecast 2020-2030, USD Billion
    4. Electric Three Wheelers- Market Size & Forecast 2020-2030, USD Billion
  2. By Type
    1. AC Motor- Market Size & Forecast 2020-2030, USD Billion
    2. DC Motor- Market Size & Forecast 2020-2030, USD Billion
  3. By Motor Type
    1. Brushless Motors- Market Size & Forecast 2020-2030, USD Billion
    2. Brushed Motors- Market Size & Forecast 2020-2030, USD Billion
    3. Induction (Asynchronous) Motors- Market Size & Forecast 2020-2030, USD Billion
    4. Switched Reluctance Motors- Market Size & Forecast 2020-2030, USD Billion
    5. Synchronous Motors- Market Size & Forecast 2020-2030, USD Billion
  4. By Component
    1. Motor Stator- Market Size & Forecast 2020-2030, USD Billion
    2. Rotor, Shaft, and Bearing- Market Size & Forecast 2020-2030, USD Billion
    3. Permanent Magnet- Market Size & Forecast 2020-2030, USD Billion
    4. Casing- Market Size & Forecast 2020-2030, USD Billion
    5. Wiring & Connectors- Market Size & Forecast 2020-2030, USD Billion
    6. Others- Market Size & Forecast 2020-2030, USD Billion
  5. By Power Rating
    1. Up to 20 kW- Market Size & Forecast 2020-2030, USD Billion
    2. 21 kW to 100 kW- Market Size & Forecast 2020-2030, USD Billion
    3. 101 kW to 250 kW- Market Size & Forecast 2020-2030, USD Billion
    4. Above 250 kW- Market Size & Forecast 2020-2030, USD Billion
  6. By Region
    1. North
    2. South
    3. East
    4. West
  7. By Company
    1. Company Revenue Shares
    2. Competitor Characteristics
India AC Electric Vehicle Motor Market Outlook, 2020-2030F
1. Market Size & Outlook
  1. By Revenues (USD Billion)
2. Market Share & Outlook
  1. By Vehicle Type- Market Size & Forecast 2020-2030, USD Billion
  2. By Motor Type- Market Size & Forecast 2020-2030, USD Billion
  3. By Component- Market Size & Forecast 2020-2030, USD Billion
  4. By Power Rating- Market Size & Forecast 2020-2030, USD Billion
India DC Electric Vehicle Motor Market Outlook, 2020-2030F
1. Market Size & Outlook
  1. By Revenues (USD Billion)
2. Market Share & Outlook
  1. By Vehicle Type- Market Size & Forecast 2020-2030, USD Billion
  2. By Motor Type- Market Size & Forecast 2020-2030, USD Billion
  3. By Component- Market Size & Forecast 2020-2030, USD Billion
  4. By Power Rating- Market Size & Forecast 2020-2030, USD Billion
India Electric Vehicle Motor Market Key Strategic Imperatives for Success & Growth
Competition Outlook
1. Company Profiles
  1. ABB
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. Tata Motors
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. Kirloskar Electric
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. Nidec Corporation
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Bharat Heavy Electricals Limited (BHEL)
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. Bonfiglioli
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. Laxmi Hydraulics Pvt. Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Robert Bosch GmbH
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. CG Power & Industrial Solutions Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. Weg Industries India
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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