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India Electric Motor Market Outlook 2025–2034
The electric motor industry in India is entering a transformative growth phase, supported by rapid industrialization, electrification, and the rising adoption of electric vehicles. In 2024, the market size stood at around INR 118.30 billion, and projections suggest that it will nearly triple to INR 335.90 billion by 2034, expanding at a healthy CAGR of 11% between 2025 and 2034. Electric motors...
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