Consistent Export Growth: 8.89% CAGR Over 8 Years
India's exports under HSN Chapter 87 have grown at a compound annual rate of 8.89% over 8 fiscal years, rising from ₹1,26,533.36 Crore in FY 2018-19 to ₹2,29,663.65 Crore in FY 2025-26.
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87 HSN Code: Vehicles Other Than Tramway/Railway Rolling Stock
HSN Chapter 87 represents Vehicles Other Than Tramway/Railway Rolling Stock under GST classification. This code helps businesses identify Vehicles Other Than Tramway/Railway Rolling Stock correctly for billing, taxation, and trade purposes. With HSN Chapter 87, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Vehicles Other Than Tramway/Railway Rolling Stock.
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Sub-chapters under HSN Chapter 87
Following Sub Chapters fall under Vehicles Other Than Tramway/Railway Rolling Stock:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
5% or 18%
5% for tractors including electric tractors; 18% for road tractors for semi-trailers above 1,800 cc.
Old GST Rate
12% or 28%
Description
Tractors (other than tractors of heading 8709)
Sub Chapter
New GST Rate
5% or 18%
5% for solely electric or fuel-cell vehicles; 18% for other vehicles transporting ten or more persons. Old and used vehicles sold by a registered dealer: 18% on the supplier's margin only, with no input tax credit on the vehicle. Source: Notification 08/2018-Central Tax (Rate), as amended by Notification 04/2025-Central Tax (Rate) and Notification 12/2025-Central Tax (Rate).
Old GST Rate
5% or 28%
Description
Motor vehicles for the transport of ten or more persons, including the driver
Sub Chapter
New GST Rate
5% or 18% or 40%
5% for solely electric/fuel-cell vehicles; 18% for qualifying small cars, ambulances and three-wheelers; 40% for other passenger vehicles. Old and used vehicles sold by a registered dealer: 18% on the supplier's margin only, with no input tax credit on the vehicle. Source: Notification 08/2018-Central Tax (Rate), as amended by Notification 04/2025-Central Tax (Rate) and Notification 12/2025-Central Tax (Rate).
Old GST Rate
5% or 28%
Description
Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 8702), including station wagons and racing cars
Sub Chapter
New GST Rate
5% or 18%
5% for solely electric/fuel-cell goods vehicles; 18% for other goods vehicles. Old and used vehicles sold by a registered dealer: 18% on the supplier's margin only, with no input tax credit on the vehicle. Source: Notification 08/2018-Central Tax (Rate), as amended by Notification 04/2025-Central Tax (Rate) and Notification 12/2025-Central Tax (Rate).
Old GST Rate
5% or 18% or 28%
Description
Motor vehicles for the transport of goods
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Special purpose motor vehicles, other than those principally designed for the transport of persons or goods (for example, breakdown lorries, crane lorries, fire fighting vehicles, concrete-mixers lorries, spraying lorries, mobile workshops, mobile radiological units)
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
28
%
Description
Chassis fitted with engines, for the motor vehicles of headings 8701 to 8705
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
28
%
Description
Bodies (including cabs), for the motor vehicles of headings 8701 to 8705
Sub Chapter
New GST Rate
5% or 18%
5% for specified tractor parts; 18% for other motor-vehicle parts and accessories.
Old GST Rate
18% or 28%
Description
Parts and accessories of the motor vehicles of headings 8701 to 8705
Sub Chapter
New GST Rate
5% or 18%
5% for electric works trucks; 18% for other works trucks and parts.
Old GST Rate
5% or 18%
Description
Works trucks, self-propelled, not fitted with lifting or handling equipment, of the type used in factories, warehouses, dock areas or airports for short distance transport of goods; tractors of the type used on railway station platforms; parts of the foregoing vehicles
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Tanks and other armoured fighting vehicles, motorised, whether or not fitted with weapons, and parts of such vehicles
Sub Chapter
New GST Rate
5% or 18% or 40%
5% for electric motorcycles; 18% up to 350 cc and for side-cars; 40% for motorcycles above 350 cc. Old and used vehicles sold by a registered dealer: 18% on the supplier's margin only, with no input tax credit on the vehicle. Source: Notification 08/2018-Central Tax (Rate), as amended by Notification 04/2025-Central Tax (Rate) and Notification 12/2025-Central Tax (Rate).
Old GST Rate
5% or 28%
Description
Motorcycles (including mopeds) and cycles fitted with an auxiliary motor, with or without side-cars;
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Bicycles and other cycles (including delivery tricycles), not motorised
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Carriage for disabled persons, whether or not motorised or otherwise mechanically propelled
Sub Chapter
New GST Rate
5% or 18%
5% for non-motorised cycle and disabled-carriage parts; 18% for motorcycle/moped parts.
Old GST Rate
5% or 12% or 28%
Description
Parts and accessories of vehicles of headings 8711 to 8713
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Baby carriages and parts thereof
Sub Chapter
New GST Rate
5% or 18%
5% for self-loading/unloading agricultural trailers, hand-propelled and animal-drawn vehicles; 18% for other trailers, vehicles and parts.
Old GST Rate
12% or 18%
Description
Trailers and semi-trailers; other vehicles, not mechanically propelled; parts thereof
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India’s Trade Performance — HSN Chapter 87 in FY 2025-26
TradeStat EIDB — Ministry of Commerce & Industry
FY 2018-19–FY 2025-26
Values in ₹ Crore
India’s Exports
FY 2025-26₹2,29,664 Cr
+19.86%
vs FY 2024-25
5.8871% of India’s total exports
India’s Imports
FY 2025-26₹82,694 Cr
+18.36%
vs FY 2024-25
1.2060% of India’s total imports
Trade Balance
FY 2025-26₹1,46,969 Cr
Trade Surplus
Surplus rank #2 of 97 chapters
At a glance
8.89%
Export CAGR
FY 2018-19 → FY 2025-26 · 8 fiscal years
#5
National Export Rank
of 97 chapters by export value, FY 2025-26
+46.33%
Peak Growth Year
FY 2021-22 · strongest single-year move
1.8×
Export Growth · 8Y
₹1,26,533.36 Cr → ₹2,29,663.65 Cr
India Export-Import Trade Statistics for HSN Chapter 87
8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
FY 2018-19
Exp. Rank #5
Balance
+83,500.86
Exports
1,26,533.36 ₹ Cr
5.4855% share
— YoY
Imports
43,032.50 ₹ Cr
1.1972% share
— YoY
FY 2019-20
Exp. Rank #5
Balance
+81,275.76
Exports
1,18,403.49 ₹ Cr
5.3372% share
−6.43% YoY
Imports
37,127.73 ₹ Cr
1.1048% share
−13.72% YoY
FY 2020-21
Exp. Rank #7
Balance
+66,542.39
Exports
1,00,697.89 ₹ Cr
4.6657% share
−14.95% YoY
Imports
34,155.50 ₹ Cr
1.1714% share
−8.01% YoY
FY 2021-22
Exp. Rank #7
Balance
+1,00,067.72
Exports
1,47,350.64 ₹ Cr
4.6830% share
+46.33% YoY
Imports
47,282.92 ₹ Cr
1.0340% share
+38.43% YoY
FY 2022-23
Exp. Rank #6
Balance
+1,12,614.43
Exports
1,70,491.88 ₹ Cr
4.7088% share
+15.70% YoY
Imports
57,877.45 ₹ Cr
1.0066% share
+22.41% YoY
FY 2023-24
Exp. Rank #6
Balance
+1,09,951.60
Exports
1,72,945.35 ₹ Cr
4.7799% share
+1.44% YoY
Imports
62,993.75 ₹ Cr
1.1217% share
+8.84% YoY
FY 2024-25
Exp. Rank #6
Balance
+1,21,744.26
Exports
1,91,608.67 ₹ Cr
5.1738% share
+10.79% YoY
Imports
69,864.41 ₹ Cr
1.1457% share
+10.91% YoY
FY 2025-26
Exp. Rank #5
Balance
+1,46,969.43
Exports
2,29,663.65 ₹ Cr
5.8871% share
+19.86% YoY
Imports
82,694.22 ₹ Cr
1.2060% share
+18.36% YoY
CAGR · 8-Year
Exports
8.89% /yr
Imports
9.78% /yr
Consistently Surplus
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 87 Export-Import Analysis
HSN Chapter 87 Ranked #5 Among All 97 Chapters by Export Value
In FY 2025-26, HSN Chapter 87 ranks #5 out of 97 chapters by total export value. By trade surplus, it ranks #2 of 97.
FY 2021-22 Was the Strongest Growth Year for HSN Chapter 87 Exports
The strongest single-year export movement for HSN Chapter 87 was recorded in FY 2021-22, when exports surged by 46.33% over the prior year.
India Maintains a Trade Surplus of ₹1,46,969.43 Crore in HSN Chapter 87 Goods
In FY 2025-26, India's exports of ₹2,29,663.65 Cr exceeded imports of ₹82,694.22 Cr, resulting in a trade surplus of ₹1,46,969.43 Crore — ranking #2 of 97 by surplus magnitude.
Import Growth of 9.78% CAGR Signals Stable Import Dependency for Vehicles Other Than Tramway/Railway Rolling Stock
India's imports under HSN Chapter 87 have grown at 9.78% CAGR, reaching ₹82,694.22 Crore in FY 2025-26.
Important Disclaimer
The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.