In 2023, India imported automobiles with diesel engines exceeding 2500 CC at a figure higher than 1.4243 million kilograms. The forecast from 2024 to 2028 suggests a consistent downward trend. The import value is expected to decrease significantly: 11.4% in 2025, 12.6% in 2026, 14.1% in 2027, and 16.1% by 2028. The overall compound annual growth rate (CAGR) over these five years is negative, indicating a consistent decline.
Future trends to watch for include a potential shift towards electric vehicles, stricter emission regulations, and changing consumer preferences, which could further impact the diesel vehicle market in India.
