In 2023, the import of reciprocating spark ignition engines of a cylinder capacity of 250-1000 cc to India stood at 2.4802 million kilograms. From 2024 to 2028, the forecasted import volume for these engines shows a steady growth trajectory. The year-on-year percentage increase is calculated as follows: 4% from 2024 to 2025, 3.78% from 2025 to 2026, 3.57% from 2026 to 2027, and 3.37% from 2027 to 2028. Over this five-year period, the compound annual growth rate (CAGR) is approximately 3.55%, indicating a consistent upward trend.
Future trends to watch for include potential shifts in consumer preferences towards electric vehicles, policy changes affecting the automotive sector, and global supply chain dynamics. These elements could significantly impact import volumes and the market landscape for reciprocating spark ignition engines in India.
