Forecast: Import of Work Trucks Except Electrically Powered to India

The forecast data for the import of work trucks to India indicates a consistent decline from 2024 to 2028. Starting from 541.66 thousand kilograms in 2024, the volume is expected to decrease to 439.14 thousand kilograms by 2028. If we refer to the actual data from 2023, while not provided here, it is critical as a baseline for comparison. The year-on-year percentage change reflects a negative growth trend, suggesting reduced import dependence on non-electrically powered work trucks over the period. The compound annual growth rate (CAGR) illustrates an average declining trend year over year.

Future trends to watch include expanding domestic production capabilities, growing preference for electric alternatives, and evolving regulatory environments that may influence these import dynamics. Enhanced efficiency and technological advancements in the industry could also shift market demand.

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