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

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.

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.

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