In 2023, the import of diesel engines for motor vehicles to India was recorded at approximately 50 thousand units. The subsequent forecast from 2024 to 2028 indicates a declining trend: 44.1 thousand units in 2024, decreasing steadily to 19.09 thousand units in 2028. Year-on-year variations show declines of approximately 14.6% (2025), 16.79% (2026), 19.7% (2027), and 24.14% (2028). The compound annual growth rate (CAGR) over these five years demonstrates an average annual decline of around 16.06%.
Future trends to watch for include the impact of transition toward electric vehicles on diesel engine imports, potential policy changes in emission standards, and shifts in consumer preferences. Additionally, monitoring advancements in automotive technology and global trade dynamics will be crucial in understanding the market landscape.
