India’s motorcycle parts exports surge, imports decline as domestic industry grows stronger due to PLI scheme
- IBEF
- March 19, 2025
India’s motorcycle parts exports have grown significantly over the past three years, supported by government initiatives such as the Production-Linked Incentive (PLI) scheme, which has strengthened domestic manufacturing and expanded the sector’s global presence. Official data from the Ministry of Commerce shows that exports of motorcycle parts and accessories rose from Rs. 4,833.27 crore (US$ 558.05 million) in April-January of FY22 to Rs. 6,142.55 crore (US$ 709.22 million) in the same period of FY25, marking a 27.09% increase. In FY24, exports reached Rs. 6,421.79 crore (US$ 741.46 million), up 13.5% from Rs. 5,658.23 crore (US$ 653.30 million) in FY23. This growth reflects India’s deeper integration into global supply chains and increasing competitiveness against major suppliers like China and Thailand. Meanwhile, imports of these components declined from Rs. 4,281.91 crore (US$ 494.39 million) in FY22 to Rs. 2,978 crore (US$ 343.84 million) in FY24, indicating a greater reliance on domestic production.
The overall export of auto components, including motorcycle parts, grew from Rs. 59,588 crore (US$ 6.88 billion) in FY22 to Rs. 66,690 crore (US$ 7.70 billion) in FY24, with key markets such as the US, Turkey, Germany, Mexico, and Brazil. The PLI scheme, launched on September 15, 2021, with a budget of Rs. 25,938 crore (US$ 2.99 billion) for five years until FY27, aims to boost domestic manufacturing, attract investment, and reduce import dependence. Major export destinations for motorcycle parts include Bangladesh, Germany, the US, UK, Indonesia, the UAE, Brazil, Turkey, Thailand, Sri Lanka, Italy, Egypt, Colombia, Congo, Guinea, Vietnam, and China. As India advances its manufacturing capabilities, the rising exports to both developed and developing economies highlight its growing role in the global supply chain.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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