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India’s Motorcycle Parts Exports See Strong Growth: Fueled by PLI Scheme

Written by: Sachin GuptaUpdated on: Mar 20, 2025, 11:49 AM IST
The growth in exports showcased India’s deeper integration into global supply chains and its increasing competitiveness against major suppliers like China and Thailand.
India’s Motorcycle Parts Exports See Strong Growth: Fueled by PLI Scheme
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Over the past three years, India has experienced growth in motorcycle parts exports, driven by government initiatives such as the Production-Linked Incentive (PLI) scheme. This program has bolstered domestic manufacturing and enhanced the sector’s global presence.

Period Exports (₹ Crore) Exports (US$ Million) YOY (%)
April-January FY22 4,833.27 US$ 558.05
April-January FY25 6,142.55 US$ 709.22 27.09%
FY23 5,658.23 US$ 653.30
FY24 6,421.79 US$ 741.46 13.5%

This growth underscores India’s deeper integration into global supply chains and its increasing competitiveness against major suppliers like China and Thailand. At the same time, imports of these components fell from ₹4,281.91 crore (US$ 494.39 million) in FY22 to ₹2,978 crore (US$ 343.84 million) in FY24, signalling a growing reliance on domestic production.

The overall export of auto components, including motorcycle parts, rose from ₹59,588 crore (US$ 6.88 billion) in FY22 to ₹66,690 crore (US$ 7.70 billion) in FY24, with key markets including the US, Turkey, Germany, Mexico, and Brazil. The PLI scheme was introduced on September 15, 2021, with a ₹25,938 crore (US$ 2.99 billion) budget for five years until FY27, aiming to strengthen domestic manufacturing, attract investment, and reduce import dependence.

Major export destinations for motorcycle parts include Bangladesh, Germany, the US, the UK, Indonesia, UAE, Brazil, Turkey, Thailand, Sri Lanka, Italy, Egypt, Colombia, Congo, Guinea, Vietnam, and China. As India enhances its manufacturing capabilities, increasing exports to both developed and developing economies highlight its growing role in the global supply chain.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Published on: Mar 20, 2025, 11:49 AM IST

Sachin Gupta

Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.

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