Forecast: Import of New Pneumatic Tyres of Rubber for Motor Cars to India

In 2023, the import of new pneumatic tyres of rubber for motor cars to India stood at approximately 6.99 million units. The forecasted data from 2024 to 2028 shows a steady increase in imports, with a compound annual growth rate (CAGR) of around 2.25%. The year-on-year growth is consistent, demonstrating a diligent upward trend with percentages ranging from approximately 3% to 2.50% annually.

Future trends to watch for:

  • Technological advancements in tyre manufacturing may influence import demand.
  • Government policies on import duties and local production incentives could impact imports.
  • Rising environmental concerns may shift demand towards more sustainable tyre options.
  • Growth in the automotive sector will continue to drive the need for increased tyre imports.

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