India Electric Vehicle Motor Market Scope Driven by Increasing Demand for EVs
India's Electric Vehicle Motor Market Poised for Robust Growth
The Indian Electric Vehicle (EV) Motor Market Scope is experiencing significant expansion, with projections indicating a substantial increase in market size over the next decade. Valued at USD 1.35 billion in 2023, the market is anticipated to reach USD 4.16 billion by 2030, reflecting a compound annual growth rate (CAGR) of 17.45%.
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