The import of radiators for motor vehicles to India is projected to grow steadily from 2024 to 2028, with values increasing from $40.362 million in 2024 to $45.371 million in 2028. This represents a compound annual growth rate (CAGR) over the five-year period. In comparison, the import value for 2023 was approximately lower, highlighting a positive growth trajectory. Year-on-year growth is consistent, averaging around a 3% increase annually.
Future trends to watch for include:
- Impact of domestic policies on automotive part imports
- Technological advancements in radiator efficiency impacting demand
- Fluctuations in global trade relations and potential tariff changes
- Shifts towards electric vehicles possibly altering future import trends
