The forecast for the import of automobiles with spark-ignition internal combustion engines under 1000 cc into India shows a consistent decline from 2024 to 2028. The value starts at 456.25 thousand USD in 2024 and is projected to decrease annually, reaching 266.01 thousand USD by 2028. Compared to 2023, there is a downward trend with a significant drop observed each year. The compound annual growth rate (CAGR) over this five-year period reflects a negative growth trajectory.

Future trends to watch for:

The impact of electric vehicle adoption and government policies favoring greener alternatives might further reduce imports in this segment.
Fluctuations in foreign exchange rates, as well as changes in local manufacturing capacities, could influence future import volumes and values.
Economic conditions influencing consumer purchasing power might also affect demand for smaller vehicle imports in India.