In 2023, India's import of bodies for passenger-carrying vehicles stood at a specific benchmark basis in volume. In 2024, the forecast indicates a value of 5.1987 million kilograms, marking the start of a consistently upward trend through 2028. Year-on-year growth is expected to be: 3.33% in 2025, 3.16% in 2026, 3.00% in 2027, and 2.87% in 2028. This steady rise reflects a positive compound annual growth rate (CAGR) over the five-year period.
Future trends to watch for include:
- Potential policy changes affecting the automotive import sector in India.
- Developments in domestic production capabilities which could influence import needs.
- Global supply chain dynamics and their impact on import logistics and costs.