India Electric Motor Market Industry Analysis and forecast

The demand for electric motors in India has experienced a firm growth. Strict power consumption standards & resolution in the reduction of greenhouse gas (GHG) emissions are the key reasons for the growth in industrial production & the development of the electric motor market. The domestic motors industry grew by 13% during the period April 2017 to January 2018. In terms of the domestic market size, the motors industry was worth Rs 69 billion in 2016- 2017.

Leave a Reply

Your email address will not be published. Required fields are marked *