In 2023, the import value of reciprocating spark ignition engines with a cylinder capacity not exceeding 50 cc to India was X thousand. From 2024 onwards, forecasts show a steady increase, with an average annual growth rate of approximately 4.9% over the five-year period. Year-on-year growth is consistent, indicating a stable upward trend in imports.
Future trends to watch for include:
- The impact of technological advancements in electric vehicles potentially reducing demand for spark ignition engines.
- Policy changes or incentives related to emission standards which may affect import patterns.
- Shifts in consumer preferences towards sustainable and efficient mobility solutions.