The import of locks for motor vehicles of base metal into India stood at 2.02 million kilograms in 2023. Forecasted data shows a consistent annual increase from 2024 to 2028, with the value rising each year: 2.12 in 2024, 2.15 in 2025, 2.17 in 2026, 2.19 in 2027, and 2.22 million kilograms in 2028. Year-on-year percentage variations indicate progressive growth, while the compound annual growth rate (CAGR) over five years suggests a moderate upward trend.

Future trends to watch for:

Expansion in India's automobile sector, which may drive higher imports.
Potential shifts towards electronic locks or local manufacturing affecting import volumes.
Trade policies and tariffs that could impact import dynamics.