The global market for gears and transmissions is projected to expand from ₹ 340,000-350,000 crore in 2025 to ₹ 485,000-495,000 crore by 2031 at a CAGR of 6% to 8%, driven by vehicle electrification, premiumization in two-wheelers, and demand for high-performance powertrains. Concurrently, the global e-bike market is forecasted to grow from 8.24 million units in 2024 to 12.5-14.5 million units by 2031 at a 6% to 9% CAGR, boosting addressable demand for bike powertrain solutions to ₹ 88,000-92,200 crore by 2031. [1]
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