gaining share in other segments
Other battery tech: LMFP, solid-state, sodium-ion
Motor in 2-wheelers: BLDC – 71% market share
Motor in passenger EVs: PMSM – over 90% market share
BLDC full form: Brushless Direct Current
PMSM full form: Permanent Magnet Synchronous Motor
Study by: Indian Energy Alliance + Customized Energy Solutions
Release event: 12th India Energy Storage Week, New Delhi (8–10 July)
Focus areas: Localisation, supply chain, component manufacturing, outlook to 2034
Month: Current Affairs - May 15, 2026
Category: EVBatteryDemand