The powertrain offers power to the vehicle. It indicates an assortment of constituents that generate the power needed to locate the vehicle and convey it to the wheels. An EV powertrain has 60% fewer constituents than a powertrain of ICE vehicles. In the EV powertrain manufacturers, it usually comprises three prominent constituents, namely the electric motor, the power electronics, and the battery. Cohesively, these constituents operate pleasantly to offer an unstained, productive, and eco-friendly measure of powering an electric vehicle, decreasing dependence on conventional internal combustion engines and bringing about a more viable transportation future.
The main objective of a powertrain system is to create energy from a power source by converting a gadget and conveying it to the wheel. This procedure makes a vehicle run. In this blog, we will witness eco-friendly ways of running the machine and leading firms that are pivotal in the evolution of powertrains. Let us traverse and find out!
There are many advantages of EV powertrains. Some of them are zero emissions, which has a slight environmental influence. In the EV powertrain manufacturers, EVs process zero tailpipe discharge as they function on batteries and electric motors, which do not discharge varied contaminants, causing enhanced air quality and curtailed greenhouse gas emissions.
Electric motors are excessively productive, normally transforming over 80% of the electrical energy from the battery to the wheels' capacities. In comparison, internal combustion engines are less effective, with a notable chunk of energy transpiring as heat. Electric motors offer immediate torque, causing swift and seamless acceleration. This element improves driving involvement, particularly in city congestion and sports-specified EVs.
The global electric powertrain market is poised for steady growth. It was valued at USD 95.86 billion in 2023 and is projected to grow to USD 346.84 billion in 2032, exhibiting a compound annual growth rate (CAGR) of 15.39% during the forecast period 2024-2032.
Here’s a look at the top EV powertrain manufacturers that are driving the growth of the industry:
Bharat Heavy Electricals Limited (BHEL)
Founded: 1956
Headquarters: New Delhi, India
BHEL is involved in engineering, design, testing, construction, authorizing, and servicing a broad gamut of commodities, apparatus, and services for the fundamental sectors of the economy, namely transmission, power, transportation, industry, defense, renewable energy, and oil and gas.
Mahindra Electric
Founded: 1945
Headquarters: Bangalore, India
Mahindra Electric is a subsidiary of Mahindra & Mahindra, one of the spearheading automobile makers in India. They are skilled in making electric motor vehicles and have an assortment of EVs on the market. In the EV powertrain manufacturers, in spite of the upper hand in electric mobility, Mahindra has obtained electric car maker Reva even prior to electric vehicles becoming prevalent. Last year, the firm exhibited five contemporary electric vehicles to get going under its Born Electric Brand, of which the initial is anticipated sometime later next year.
Tata Motors
Founded: 1945
Headquarters: Mumbai, India
Tata Motors is India's biggest automobile maker and spearhead in configuring the Indian commercial vehicle topography, with the initiation of foremost powertrains and electric solutions parcelled for power presentations and user solace at the lowest lifecycle prices.
Ashok Leyland
Founded: 1948
Headquarters: Chennai, India
Ashok Leyland is the leading commercial vehicle maker in India. They have been producing electric vehicle motors since 2017. They have a gamut of electric buses and trucks in the market, including the Ashok Leyland Circuit-S and the Ashok Leyland Circuit-T.
Exide Industry Limited
Founded: 1947
Headquarters: West Bengal, India
Exide is a multinational storage battery mass-producing firm headquartered in Kolkata. It is the biggest maker of lead acid storage batteries and power repository solutions providers in India. The company boasts of ten international grade factories disseminated across five states in the country, out of which, eight factories are devoted to lead acid batteries and two factories produce home UPS systems.
The EV powertrain is a contemporary invention that ushers several advantages, such as ecologically friendly, productive, and superior performance. In the EV powertrain manufacturers, as technology continues to progress, electric cars are gaining momentum globally. With continuing research, one will observe even cooler progression in EV powertrains, rendering transportation cleaner, calmer, and more productive.
Attainment of client satisfaction being our motto, we at Polaris are happy to offer you multitude of reasons for why you should select us for your businesses.
Our commitment to our clients lies not only from the inception of our pre-on boarding discussions but also beyond the completion and delivery of our services.
We categorically offer custom-made/ tailored services for our syndicated research reports to provide you insights to meet the strategic requirements of your organization.
On lines of the industry best-practices, we offer our clients the finest in research and consulting services with the most reliable and accurate research findings.