Manufacturers across the industrial and automotive sectors are rapidly migrating to brushless DC motors (BLDCs) for having a precisely controlled motor operation, improved performance, and less wear when compared with the conventional motors.
With the increasing usage of electronics in automobiles for safety control, communication & infotainment, power train, and body electronics, the number of electronic control units (ECU) is increasing as well.
Owing to rapidly evolving emission standards and the rise of fuel prices between 8 to 15%, the acquisition and operating cost of electric vehicles (EV) is expected to produce a downtrend of up to 4% for commercial EVs.
By 2030, the global electric vehicle (EV) market size is projected to grow from an estimate of 3 million units to 27 million units at a CAGR of 21.1%.
Syrma CEO Sreeram Srinivasan played a prominent role at a panel discussion presented at the ELCINA conference in New Delhi.