In 2023, India imported snowmobiles, golf cars, and similar vehicles totaling 202.50 thousand kilograms. The forecast for 2024 to 2028 shows a steady increase in imports, with values ranging from 206.55 to 223.57 thousand kilograms. The year-on-year growth rates display modest but consistent increases: 2.1% from 2024 to 2025, 2.03% from 2025 to 2026, 1.96% from 2026 to 2027, and 1.88% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 2.1%, indicating a progressive upward trend in imports.
Future trends to watch for include:
- The impact of technological advancements in vehicle manufacturing on import demand.
- Changes in India’s policies or incentives for electric or eco-friendly variants.
- Fluctuations in global supply chains potentially affecting import volumes.
