The import of automobiles with spark-ignition internal combustion reciprocating piston engines with a cylinder capacity of 1500-3000 CC to India shows a declining trend from 2024 to 2028, with values decreasing from 2.7886 million kilograms to 2.5893 million kilograms. In 2023, the imports were recorded at a slightly higher level, emphasizing this downward trajectory.
- Year-on-Year Variation:
- 2024 to 2025: -1.84%
- 2025 to 2026: -1.84%
- 2026 to 2027: -1.84%
- 2027 to 2028: -1.84%
The Compound Annual Growth Rate (CAGR) over this five-year period indicates a continuous average annual decrease in imports.
Future trends to watch for include the impact of India's push towards electric vehicles, possible changes in import tariffs, and the global shift in manufacturing focuses which could further influence these figures.
