In 2023, the import of reciprocating spark ignition engines with a cylinder capacity of 50-250 cc to India was at 2.91 thousand units. The forecast for 2024 suggests a decrease to 2.87 thousand units, continuing to decline each year to reach 2.71 thousand units by 2028. This illustrates a subtle but consistent decrease with a calculated compound annual growth rate that signifies a negative growth trend.
Future trends to watch for include potential shifts in governmental policies towards supporting more sustainable engine technologies and changes in consumer preferences towards electric vehicles, which may further influence the decline of this import segment. Additionally, any supply chain adjustments or trade agreements could also impact these forecasts.
