In 2023, the import of dump trucks designed for off-highway use to India stood at a certain baseline. From 2024 onwards, the forecast predicts a steady annual growth in imports: 1.19% in 2025, 1.15% in 2026, 1.12% in 2027, and 1.07% in 2028. The compound annual growth rate (CAGR) over this five-year period is projected to be modest, indicating a stable market demand.
Future trends to watch for include technological advancements in off-highway vehicles, changes in India's infrastructure development policies, and global economic factors that could impact trade and import tariffs. These factors may influence the forecasted growth rates.
