The Indian automotive motors market is projected to grow at a double-digit CAGR during the forecast period. Considerable growth in vehicle sales (both cars and two-wheeler), exponential growth in the electric vehicle sales, and high export volume are some of the major factors for the substantial market for the automotive motor market in the country. Moreover, rising disposable income & so rising demand for higher-end models, and increasing the availability of the options of electric vehicles will further provide the growth to the market during the forecast period. 

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As per the International Organization of Motor Vehicle Manufacturers, India was the fifth largest vehicle manufacturer all across the globe with a production of 4.51 million vehicles (cars and commercial vehicles combined) in 2019. Moreover, the country is the largest two-wheeler market all across the globe. A downfall of 12.2% in vehicle manufacturing was witnessed in 2019 due to lower demand in the domestic as well as international market and a substantial demand was expected in 2020. However, due to COVID-19, a significant drop on YoY basis in vehicle sales and so automotive motor will be witnessed in the country in 2020. Although, in the upcoming year a significant growth is expected in the country. 

The Indian automotive motors market is segmented by type, vehicle type, and distribution channel. By type, the market is segmented into brushless dc motor & stepper motor, brushed dc motor, ac induction motor, and others. By vehicle type, the market is divided into passenger vehicles, commercial vehicles, and electric vehicles. Passenger vehicle is expected to maintain a substantial market share during the forecast period. Passenger vehicle segment is further sub-segmented into passenger cars and two-wheelers. Commercial vehicles segment is sub-segmented into light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), and others. On the basis of distribution channel, the market is segmented as OEM and aftermarket. 

Global, as well as domestic companies, are working in the automotive motor industry. Continental AG, Mitsubishi Electric Corp., Robert Bosch GmbH, Siemens AG, Minda Corp. Ltd., Tata AutoComp Systems Ltd., are some of the prominent players functioning in the Indian automotive motors market. New product launches & developments, partnerships, and acquisitions are some of the growth strategies adopted by the players in order to sustain in the highly competitive market. 

Research Methodology

The market study of the Indian automotive motors market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to bring more authenticity to the reports.

Secondary sources include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report is intended for automotive motors manufacturing companies, auto-ancillary companies automakers, research institutes, government, venture capitalists, and other related companies for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. India Automotive Motors Market Research and Analysis by Type
2. India Automotive Motors Market Research and Analysis by Vehicle Type 
3. India Automotive Motors Market Research and Analysis by Distribution Channel

The Report covers:

• Comprehensive research methodology of India automotive motors market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting India automotive motors market.
• Insights about market determinants which are stimulating the Indian automotive motors market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
•     • Extensive profiles and recent developments of the market players.