Motors industry to grow at a CAGR of 5percent
The estimated size of Indian Rotating Machines industry is Rs 6,400 crore. Followed by 3-phase induction motors at Rs 2,300 crore and in capacity or mege watt (MW) terms it is 16,000 MW - about 12,500 MW motors manufactured in India and 3,500 MW of imports.
Some companies are adopting global standards
Only about 10% of motor production in the country is adapted to IE2 & above level. The country is losing a great opportunity of energy conservation. With just shifting to IE2 level as mandatory, at current levels of motor production, in the fMEPSirst year itself India can save about Rs.500 crore.
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