As of 2023, the import of motor vehicle chassis fitted with engines to India stood at 11.8 thousand units. The forecast for the subsequent years shows a consistent upward trend, with a projected volume of 12.41 thousand in 2024, increasing to 14.82 thousand by 2028. This represents a compound annual growth rate (CAGR) of 3.94% over the forecast period.

Year-on-year growth is expected to maintain a positive trajectory, with a 4.99% increase from 2024 to 2025, 4.68% from 2025 to 2026, followed by 4.41% from 2026 to 2027, and finally a 4.07% rise to 2028.

Future trends to watch for include:

The impact of governmental policies on automotive imports.
Technological advancements in the automotive industry influencing chassis design.
Fluctuations in fuel prices and their effect on import volumes.
Shifts in consumer preferences towards electric and alternative fuel vehicles.