The projected import of lead-acid electric accumulators for vehicles to India shows a consistent upward trend from 2024 to 2028, with values rising from 16.97 million kilograms in 2024 to 19.216 million kilograms in 2028. The imports experienced a year-on-year growth rate averaging between 3% to 4% across the forecasted years. In 2023, the import value was notably less than 16.97 million kilograms, indicating a steady increase since then. The compound annual growth rate (CAGR) over the five years is indicative of a sustained growth pattern in the importation of these accumulators.
Future trends to watch include changes in domestic vehicle manufacturing capabilities, potential shifts towards alternative energy storage technologies, and any policy changes impacting vehicle battery imports. These factors could significantly influence the demand for imported lead-acid accumulators in India.
