Forecast: Import of Gas Turbine Powered Automobiles to India

In 2023, India's import of gas turbine powered automobiles was valued at approximately 15 million USD. From 2024 forecast to 2028, a declining trend is evident with values dropping from 12.322 million USD in 2024 to 2.7547 million USD by 2028. The year-on-year decrease averages around 26% over the five-year span, reflecting a significant reduction in import demand for these vehicles.

Future trends to watch:

  • Shift in consumer preference towards electric and hybrid vehicles may reduce reliance on gas turbine powered vehicles.
  • Enhancements in domestic automobile manufacturing could further decrease import necessity.
  • Policy changes influencing alternative technology adoption may significantly impact future imports.

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