The import of starter motors to India is forecasted to increase steadily from $92.454 million in 2024 to $105.74 million by 2028. In 2023, this figure stood at $90 million, marking a consistent growth trajectory. The year-on-year growth from 2024 to 2028 averages around 3% annually, pointing towards a consistent upward trend.
Future trends to watch for:
- The increasing adoption of electric vehicles may influence the demand for conventional starter motors.
- Advancements in starter motor technology could impact import volumes and values.
- Potential changes in trade policies may also affect import dynamics.