As of 2023, the import volume of wheels, including parts and accessories for motor vehicles to India, stood at 38.5 million kilograms. Starting in 2024, forecasts suggest a consistent growth in this sector with a projected volume of 40.356 million kilograms, increasing gradually each year to reach 47.787 million kilograms by 2028. Year-on-year percentage variation reveals a steady growth pattern: 4.74% in 2024, 4.75% in 2025, 4.43% in 2026, 4.16% in 2027, and 3.91% in 2028. The compound annual growth rate (CAGR) over this period is estimated at 4.39%.

Future trends to watch for include:

Technological advancements and innovation in wheel manufacturing processes.
Shift towards electric vehicles impacting the wheel accessory market dynamics.
Potential changes in trade policies and tariffs that may influence import levels.
Environmental regulations pushing for recycled materials in wheel production.
Increasing demand from domestic automotive growth correlating with GDP expansion.