The import of motorcycles with other than a spark ignition engine to India is forecasted to decrease from 37.63 thousand kilograms in 2024 to 22.38 thousand kilograms by 2028. This represents a significant year-on-year decrease, signaling a consistent downward trend over the forecast period with an average compound annual growth rate (CAGR) of a decline from 2024 onwards.
Future trends to watch for include:
- Potential shifts towards domestic production as a substitute for imports.
- Impact of policy changes favoring electric vehicles over traditional engine types.
- Technological advancements in motorcycle design that may influence import needs.