The import of motorcycles with reciprocating internal combustion piston engines exceeding 800 CC to India is projected to rise consistently from 2024 to 2028, with values increasing from $45.031 million to $52.663 million. As we are currently in 2024, data for 2023 is not specified, but significant year-on-year growth can be anticipated, reflecting a robust demand in this sector. Projections for consecutive years suggest notable increases of around 4% annually. The compound annual growth rate (CAGR) over these five years stands at approximately 4.1%.
Future trends to watch include the impact of regulatory changes on import duties, advancements in electric vehicles that could shift preferences, and potential economic factors influencing consumer purchasing power, which may alter these forecasted growth rates.
