Company Spotlight | Published Date : 31-July-2026
India Electric Motor Market Size, Share and Forecast Trends - Growth Analysis and Outlook Report (2026-2035)
The India electric motor market was valued at approximately INR 131.31 Billion in 2025 and is expected to expand at a CAGR of 11.00% during 2026–2035, reaching nearly INR 372.84 Billion by 2035.
Electro-mechanical devices, such as electric motors, operate on the principle of electromagnetic induction. They are highly efficient, long-lasting, low-maintenance, energy-efficient, and can endure strong voltage fluctuations. These are substantially less expensive than fossil-fuel engines.
Looking for Market Size, Pricing & Forecast: Get Free Sample Report
The market growth is driven by the increased construction activity across the country. The market is also being aided by the government's current focus on adopting energy-efficient motors. The market is gaining momentum as the population of tier II and tier III cities is growing due to growing urbanisation. By implementing initiatives such as Make in India, Smart City Mission, AMRUT, affordable housing, and others, the government of India has played a significant role in the growth of this market. This is expected to boost the electric motor market in India during the forecast period.
India's electric motor market is supported by the country's growing construction activity. The biggest markets for electric motors in India are Gujarat, Maharashtra, and Madhya Pradesh. These states have played a critical part in the market's income generation. In the forecast period, the market will be boosted by many government programmes such as the Green Energy Corridor in Gujarat, Maharashtra, and Madhya Pradesh.
In July 2026, BHEL turned profitable in the first quarter of FY27 with a net profit of ₹377 crore, as revenue from operations rose 40 percent to ₹7,698 crore.
In July 2026, Kirloskar Electric announced a private placement of shares worth about ₹40 crore to Kirloskar Power Equipments to strengthen its balance sheet.
In May 2026, Bharat Bijlee reported its FY26 results, recommending a dividend on steady growth across its electric motors and transformers segments.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
| Headquarters: | New Delhi, India |
| Establishment: | 1964 |
| Website: | https://www.bhel.com/ |
| Chairman and Managing Director: | Nalin Shinghal |
| Stock Ticker: | NSE: BHEL / BSE: 500103 |
| Manufacturing: | 16 manufacturing facilities across India |
BHEL is one of India's largest manufacturing and engineering enterprises in the infrastructure and energy sectors and a leading power equipment manufacturer. BHEL provides a comprehensive portfolio of systems, products, and services to customers in transmission, power, transportation, water, renewables, defence and aerospace, oil and gas, and industry. With a widespread network of four regional offices, 16 manufacturing facilities, three active joint ventures, one subsidiary, three overseas offices, BHEL manufactures a wide range of high quality and reliable products adhering to national and international standards. In May 2026, BHEL reported Q4 FY26 net profit up 155 percent year-on-year to ₹1,290 crore, with revenue rising about 37 percent to ₹12,310 crore, and recommended a dividend.
| Headquarters: | Bengaluru, Karnataka, India |
| Establishment: | 1946 |
| Website: | http://kirloskarelectric.com/ |
| Chairman and Managing Director: | Vijay Ravindra Kirloskar |
| Stock Ticker: | NSE: KECL / BSE: 533193 |
| Key Products: | AC motors, DC machines, AC generators, traction equipment, switchgear, transformers |
Kirloskar Electric Company is one of India's leading manufacturers of power and electrical equipment. Kirloskar Electric manufactures AC motors, DC machines, AC generators, traction equipment, electronics, switchgear, transformers and undertakes turnkey electrical projects. The company has built on its core capabilities of prime engineering and technological skills complemented by world-class manufacturing facilities. The company's products have made a significant contribution to India's rapidly growing economy. In July 2026, Kirloskar Electric announced a private placement of shares worth about ₹40 crore to Kirloskar Power Equipments to support its growth and strengthen its balance sheet.
| Headquarters: | Tokyo, Japan |
| Establishment: | 2003 |
| Website: | https://www.tmeic.com/ |
| Parent Company: | Mitsubishi Electric (wholly-owned since 2024) |
| Key Products: | Large AC and DC motors, variable frequency drives, automation systems, PV inverters |
| Key Industries: | Metals, material handling, oil & gas, mining, renewable energy |
TMEIC (Toshiba Mitsubishi-Electric Industrial Systems Corporation) designs, develops, and engineers’ large AC and DC motors, advanced automation systems, photovoltaic inverters, and variable frequency drives. TMEIC specialises in metals, material handling, oil and gas, renewable energy, mining, testing, and other industrial markets worldwide. The company also specialises in rotating machinery, automatic stacking cranes, design, build, commission and test, and drive and control upgrades, among others.
| Headquarters: | Beloit, Wisconsin, United States (Regal Rexnord) |
| Establishment: | 1913 |
| Website: | https://www.regalrexnord.com/ |
| Parent Company: | Regal Rexnord Corporation (formerly Regal Beloit) |
| Key Product Lines: | Electric motors and generators |
| Associated Brands: | Marathon, LEESON |
Marathon Electric has been providing customers with quality products for targeted applications. The company has two strategic product lines: generators and motors. Marathon Electric is a part of the Regal Beloit family of companies. Regal Beloit Corporation is a global leader in electrical and mechanical motion control and power generation products.
| Headquarters: | Airoli, Navi Mumbai, Maharashtra, India |
| Establishment: | 1946 |
| Website: | https://www.bharatbijlee.com/ |
| Stock Ticker: | NSE: BBL / BSE: 503960 |
| Business Segments: | Electric motors, transformers, drives & automation, magnet technology machines, projects |
| Flagship Motor Brand: | SynchroVERT (IE4 Super Premium Efficiency motors) |
Bharat Bijlee is a public-listed electrical engineering company. Its primary business segments are projects, electric motors, transformers, magnet technology machines, and drives and automation. The company has a sales and service network across India and global markets. The company's manufacturing facilities are located in Airoli, Navi Mumbai, on a 1,93,000 square meters campus. It is the first company to manufacture Super Premium Efficiency IE4 motors in India under the brand name SynchroVERT. In May 2026, Bharat Bijlee reported its FY26 results, with third-quarter revenue up 10.6 percent to ₹568 crore, supported by demand for its electric motors and transformers.
Latest Updates on Thriving Economically in a World of Constant Innovation
To place an order through our website, select the license type mentioned on the report details page. Click on the ‘Buy Now’ button and fill in your details. Select your preferred mode of payment after which you will be redirected to the selected payment gateway. Follow the steps and proceed to checkout.
www.expertmarketresearch.com
Enlisting all your requirements and queries along with details that include billing and delivery address and the preferred payment mode. Our customer service representative will revert to you within 24 hours.
sales@expertmarketresearch.com
To place an order through telephone, call our sales team on the following numbers and our customer service representative will help you regarding the same.
+61 291 889 415
Share