India’s exports of HS Code 870840, comprising gear boxes and parts for tractors, heavy passenger vehicles, heavy commercial vehicles, special purpose vehicles, etc., have recorded a noticeable growth, rising from US$ 189 million in 2011 to US$ 353 million in 2020, logging a CAGR of 7% during this period. This report has been prepared with the overarching objective of providing an in-depth assessment of India’s exports of HS Code 870840. The business intelligence and strategic insights provided in this report are aimed at facilitating international business strategy formulation through identification of new geographies for business expansion. Broadly, the report analyses the trends in India’s revealed comparative advantage (RCA) of this specific product category and also shortlists the top 10 importing countries that constitute optimum export markets for this product category. The report also studies in detail other aspects worthwhile to be considered by Indian exporters while formulating their export plans. These include analysis of export competitors, tariffs levied on imports from India and export competitor countries, non-tariff measures and import requirements and list of national tariff lines (NTLs) to indicate customisations and specifications, if any. A key differentiator of this report is the list of the importing companies/buyers in the top 10 importing countries, along with contact details of key personnel, which could prove to be extremely useful for Indian companies to establish the first touch point with prospective buyers/clients.
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