India Automotive Traction Motor Market (2025-2031) Outlook | Revenue, Forecast, Share, Industry, Analysis, Trends, Companies, Size, Growth & Value
Market Forecast By Motor Type (PMSM, AC Induction), By Type (AC, DC), By EV Type (BEV, HEV, PHEV) And Competitive Landscape
| Product Code: ETC4573765 | Publication Date: Jul 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
India Automotive Traction Motor Market Import Shipment Trend (2020-2024)
The India automotive traction motor market import shipment demonstrated a steady expansion with a notable CAGR from 2020-2024. However, there was a slight slowdown in growth between 2023 and 2024. Overall, the market maintained a positive momentum, indicating a stable growth trend despite the minor dip in growth rate towards the end of the period.
India Automotive Traction Motor Market Overview
The India Automotive Traction Motor Market is experiencing growth as electric and hybrid vehicles become more popular. Traction motors are a key component in electric powertrains, and the transition to electric mobility in India is driving the demand for these motors. As the automotive industry embraces electrification and consumers seek eco-friendly alternatives, the traction motor market is poised for significant expansion.
Drivers of the Market
The demand for electric vehicles is significantly impacting the automotive traction motor market. Government incentives, rising environmental awareness, and the need for cleaner and more efficient transportation are driving the growth of electric vehicles, which, in turn, fuels the demand for traction motors.
Challenges of the Market
The automotive traction motor market in India confronts challenges in terms of electric vehicle adoption and technology advancement. Ensuring affordable electric vehicle traction motors that meet the performance expectations of consumers is crucial. The market also needs to overcome challenges related to battery technology and charging infrastructure development. Additionally, the integration of traction motors into existing vehicle platforms and regulatory compliance are ongoing challenges.
COVID-19 Impact on the Market
COVID-19 disrupted the India Automotive Traction Motor Market as vehicle production and sales decreased. Nevertheless, the shift toward electric and hybrid vehicles in response to environmental concerns and regulatory pressures is expected to drive the traction motor market`s growth as automakers continue to invest in electric propulsion technology.
Key Players in the Market
Key players in the India automotive traction motor market are Mahindra Electric, Tata Motors, Ashok Leyland, and Bharat Forge.
Key Highlights of the Report:
- India Automotive Traction Motor Market Outlook
- Market Size of India Automotive Traction Motor Market, 2024
- Forecast of India Automotive Traction Motor Market, 2031
- Historical Data and Forecast of India Automotive Traction Motor Revenues & Volume for the Period 2021-2031
- India Automotive Traction Motor Market Trend Evolution
- India Automotive Traction Motor Market Drivers and Challenges
- India Automotive Traction Motor Price Trends
- India Automotive Traction Motor Porter's Five Forces
- India Automotive Traction Motor Industry Life Cycle
- Historical Data and Forecast of India Automotive Traction Motor Market Revenues & Volume By Motor Type for the Period 2021-2031
- Historical Data and Forecast of India Automotive Traction Motor Market Revenues & Volume By PMSM for the Period 2021-2031
- Historical Data and Forecast of India Automotive Traction Motor Market Revenues & Volume By AC Induction for the Period 2021-2031
- Historical Data and Forecast of India Automotive Traction Motor Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of India Automotive Traction Motor Market Revenues & Volume By AC for the Period 2021-2031
- Historical Data and Forecast of India Automotive Traction Motor Market Revenues & Volume By DC for the Period 2021-2031
- Historical Data and Forecast of India Automotive Traction Motor Market Revenues & Volume By EV Type for the Period 2021-2031
- Historical Data and Forecast of India Automotive Traction Motor Market Revenues & Volume By BEV for the Period 2021-2031
- Historical Data and Forecast of India Automotive Traction Motor Market Revenues & Volume By HEV for the Period 2021-2031
- Historical Data and Forecast of India Automotive Traction Motor Market Revenues & Volume By PHEV for the Period 2021-2031
- India Automotive Traction Motor Import Export Trade Statistics
- Market Opportunity Assessment By Motor Type
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By EV Type
- India Automotive Traction Motor Top Companies Market Share
- India Automotive Traction Motor Competitive Benchmarking By Technical and Operational Parameters
- India Automotive Traction Motor Company Profiles
- India Automotive Traction Motor Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the India Automotive Traction Motor Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the India Automotive Traction Motor Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Automotive Traction Motor Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Automotive Traction Motor Market Revenues & Volume, 2021 & 2031F |
3.3 India Automotive Traction Motor Market - Industry Life Cycle |
3.4 India Automotive Traction Motor Market - Porter's Five Forces |
3.5 India Automotive Traction Motor Market Revenues & Volume Share, By Motor Type, 2021 & 2031F |
3.6 India Automotive Traction Motor Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 India Automotive Traction Motor Market Revenues & Volume Share, By EV Type, 2021 & 2031F |
4 India Automotive Traction Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electric vehicles in India |
4.2.2 Government initiatives promoting the adoption of electric vehicles |
4.2.3 Growing focus on reducing carbon emissions and achieving sustainability goals in the automotive industry |
4.3 Market Restraints |
4.3.1 High initial costs associated with electric vehicles and traction motors |
4.3.2 Lack of charging infrastructure for electric vehicles in India |
4.3.3 Limited awareness and consumer education about the benefits of electric vehicles and traction motors |
5 India Automotive Traction Motor Market Trends |
6 India Automotive Traction Motor Market, By Types |
6.1 India Automotive Traction Motor Market, By Motor Type |
6.1.1 Overview and Analysis |
6.1.2 India Automotive Traction Motor Market Revenues & Volume, By Motor Type, 2021-2031F |
6.1.3 India Automotive Traction Motor Market Revenues & Volume, By PMSM, 2021-2031F |
6.1.4 India Automotive Traction Motor Market Revenues & Volume, By AC Induction, 2021-2031F |
6.2 India Automotive Traction Motor Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 India Automotive Traction Motor Market Revenues & Volume, By AC, 2021-2031F |
6.2.3 India Automotive Traction Motor Market Revenues & Volume, By DC, 2021-2031F |
6.3 India Automotive Traction Motor Market, By EV Type |
6.3.1 Overview and Analysis |
6.3.2 India Automotive Traction Motor Market Revenues & Volume, By BEV, 2021-2031F |
6.3.3 India Automotive Traction Motor Market Revenues & Volume, By HEV, 2021-2031F |
6.3.4 India Automotive Traction Motor Market Revenues & Volume, By PHEV, 2021-2031F |
7 India Automotive Traction Motor Market Import-Export Trade Statistics |
7.1 India Automotive Traction Motor Market Export to Major Countries |
7.2 India Automotive Traction Motor Market Imports from Major Countries |
8 India Automotive Traction Motor Market Key Performance Indicators |
8.1 Percentage increase in the number of electric vehicles on Indian roads |
8.2 Number of government policies and incentives supporting the adoption of electric vehicles |
8.3 Growth in the number of charging stations for electric vehicles across India |
9 India Automotive Traction Motor Market - Opportunity Assessment |
9.1 India Automotive Traction Motor Market Opportunity Assessment, By Motor Type, 2021 & 2031F |
9.2 India Automotive Traction Motor Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 India Automotive Traction Motor Market Opportunity Assessment, By EV Type, 2021 & 2031F |
10 India Automotive Traction Motor Market - Competitive Landscape |
10.1 India Automotive Traction Motor Market Revenue Share, By Companies, 2024 |
10.2 India Automotive Traction Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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