15 April 2024
15 April 2024
The government has opened the door to higher vehicle sales with the removal of a key mandate
Partnership for platform cooperation with European OEM looks imminent
One of the contracts is the largest individual order in Mahle company history
Another week, more industry analysis, features, interviews and news
Will reportedly result in a reduction of more than 7,000 tonnes of CO2 per year
BMW says local assembly of X5 plug-in hybrid in Brazil from Q4 follows strong demand for the model
Ending of the 50% vehicle registration tax discount continued to be felt in the market
Will also explore how to encourage EV adoption in the country
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Per GlobalData, the automotive electric motors market is expected to grow at a CAGR of >3% during 2023-2028. The automotive industry’s surge in demand for superior machine control is a major driver of the electric motor market’s expansion. The key trends shaping the automotive electric motors industry are increased demand for HVAC systems, electric vehicles, and renewable energy integration.
Per GlobalData, the automotive electric motors market is expected to grow at a CAGR of >3% during 2023-2028. The automotive industry’s surge in demand for superior machine control is a major driver of the electric motor market’s expansion. The key trends shaping the automotive electric motors industry are increased demand for HVAC systems, electric vehicles, and renewable energy integration.
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