In 2023, the import volume of diesel-powered automobiles with engine capacities between 1500-2500 CC into India stood at 7.2749 Million Kilograms. Forecasts anticipate a steady growth in imports, with volumes expected to reach 8.4603 Million Kilograms by 2028. The year-on-year growth rates from 2024 onwards are projected at approximately 3.3% annually. Over the five-year forecast period, the compound annual growth rate (CAGR) is calculated at around 2.97%, indicating consistent growth in this import segment.
The future trends to watch for include potential shifts in consumer preferences towards electric and hybrid vehicles, which could alter the demand for diesel automobiles. Additionally, changes in import policies or tax regulations, as well as advancements in engine efficiency and performance, could significantly impact import volumes.
