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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
To turn the wheel of the cart, the electric motor needs the appropriate amount of electricity. An uninterrupted supply of energy is required for the electric motor's relatively complicated mechanism to continue operating.
It functions in concert with other parts to provide the power needed to drive the cart. Golf carts have typically been powered by DC electricity, but this is starting to change as manufacturers start to see the advantages of employing AC electricity and motors.
The Global Electric golf cart motor market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
In India, Saera Electric launched an electric golf cart motor. The brand-new Saera golf cart has a monocoque chassis, an AC drive system that requires no maintenance, cabin lights, and bucket seats.
The vehicle's DRL includes an integrated LED system for the headlamps, taillamps, and indicators. A MacPherson suspension, 10-inch all-terrain tires, and a MacPherson suspension are other features of this new electric golf cart.
Additionally, it has hydraulic brakes, a brake pedal with an automated raise, and a digital speedometer with a service warning.
The brand-new electric golf cart, which resembles a buggy, is a supplement to the current lineup of EVs. Their growth in terms of productivity and market penetration is anticipated to accelerate.
Saera Electric asserts that it was the first company in India to release an electric rickshaw bearing the Mayuri name.
A vehicle approval certificate from the International Center for Automobile Technology was also given to it. Under the brand name Yogo Bikes, it also manufactures e-scooters at slow speeds.
There are currently three manufacturing facilities for Saera, located in Rajasthan, Haryana, and Uttar Pradesh. Cleaner, more environmentally friendly L3 category electric vehicles and low-speed electric two-wheelers are Saera's main products.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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