The import of diesel-powered trucks weighing 5-20 tonnes to India is forecasted to steadily increase from 2024 to 2028. The year-on-year forecast indicates a consistent upward trend, with an average growth rate of approximately 4% annually. In 2023, the imports stood lower than the predicted values for the coming years, indicating positive momentum in demand.
Looking ahead, factors to watch for include:
- Shifts in regulatory policies affecting diesel vehicles.
- Adoption of alternative fuel sources, potentially impacting diesel truck demand.
- Infrastructure developments influencing logistics and transportation needs.