Motors Market In India 2013
The
new report, Motors Market in India, states that expansion in the Indian power
sector will drive the demand for motors in the Indian market. Motors are a part
of the transmission and distribution equipment industry. The Indian motors
industry is characterized by the presence of a diverse product range and is a
highly fragmented market.
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TOC :
Key
hubs for the production of motors are concentrated in selected regions of the
country. Domestic demand for motors also varies across the regions.
Export
Import of motors in terms of volume and value varies across the different motor
segments. Some specific segments of motors are witnessing a decline in import
dependence while some are primarily import intensive.
The
development of the motors market is supported by rise in Infrastructure
investments in India. Industrial sector growth sector is also expected to
stimulate the demand for motors. Developments in the power sector will enhance
the requirement of motors. Growth in consumer durables will also aid the
sustainable development of the Indian motors industry.
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Increase
in usage of pumps in the agricultural sector will drive the demand for motors
in the market. Robust automotive sector in India will fuel the demand for
motors in the domestic market. Healthy economic outlook of the Indian economy
will support the development of the domestic motors market.
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