Lumic
Get app
NIFTY 50·22,888.95−1.11%SENSEX·73,852.90−1.17%BANK NIFTY·55,488.10−0.64%RELIANCE·1,202.00−0.76%HDFC BANK·712.00−2.31%ICICI BANK·1,381.00−1.15%BHARTI AIRTEL·1,875.20−1.56%INFOSYS·1,130.70−2.63%L&T·3,661.90+0.96%TCS·2,460.90−0.17%ITC·260.80−1.02%SBI·973.70+1.15%AXIS BANK·1,236.00−4.19%NIFTY 50·22,888.95−1.11%SENSEX·73,852.90−1.17%BANK NIFTY·55,488.10−0.64%RELIANCE·1,202.00−0.76%HDFC BANK·712.00−2.31%ICICI BANK·1,381.00−1.15%BHARTI AIRTEL·1,875.20−1.56%INFOSYS·1,130.70−2.63%L&T·3,661.90+0.96%TCS·2,460.90−0.17%ITC·260.80−1.02%SBI·973.70+1.15%AXIS BANK·1,236.00−4.19%

Industrials

India's EV Components Industry ready for a Eightfold Growth by 2032

3 months ago · Lumic

Infographic showing projected growth of India's EV components market from ₹41,000 crore to ₹3.55 lakh crore by 2032.
Lumic
3 months ago
India's EV Components Industry ready for a Eightfold Growth by 2032
KEY POINTS
India's EV components market is projected to jump from ₹41,000 crore to ₹3.55 lakh crore by 2032.
Battery will remain the largest segment, while motors and electronics see faster production growth
The sector is expected to grow at a 38% CAGR, driven by localisation, R&D and mobility investment
LUMIC INSIGHT
EV component makers could be the next manufacturing leaders.
business standard·3 months ago

This Lumic Fin Shorts piece dives into the electrifying future of India's Electric Vehicle (EV) components industry. Projections show a massive surge from ₹41,000 crore to ₹3.55 lakh crore by 2032, indicating phenomenal growth for EV ancillaries. While batteries are set to be the dominant segment, expect faster production expansion in motors and electronics. The Indian EV industry is gearing up for a remarkable 38% Compound Annual Growth Rate (CAGR). This boom is fueled by a strong push for localisation, increased investment in Research and Development (R&D), and the government's focus on mobility solutions. Lumic interprets this as a sign that EV component manufacturers could emerge as future manufacturing leaders in India's dynamic auto industry landscape.

More in Industrials

Indian defence stocks like BEL, HAL, Mazagon Dock face market pressure amidst sector fundamentals.
Lumic
12 days ago

Industrials

Defence Stocks Face a Reality Check as Bearish Markets Split the Sector

  • Broad market selling is weighing on defence stocks, despite strong sector fundamentals
  • Defence spending and indigenisation continue to support the sector’s long-term growth
  • Stock outlooks vary widely, with potential ranging from 39% downside to 37% upside
LUMIC INSIGHT
Defence still remains to be a growth theme
Economic Times·12 days ago
Flydubai aircraft in flight, symbolizing aviation safety and security concerns
Lumic
17 days ago

Industrials

Smit Machchhar’s Flydubai Ordeal Triggers Fresh Questions in Aviation

  • UAE investigators say the co-pilot attacked the captain and tried to seize flight controls
  • The aircraft plunged sharply before the captain and passengers helped regain control
  • Investigators are examining the suspect’s background, motive and possible security lapses
LUMIC INSIGHT
The incident puts crew and cockpit security under fresh scrutiny
Wall street Journal·17 days ago