Consistent Export Growth: 13.05% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 8707 have grown at a compound annual rate of 13.05% over 7 fiscal years, rising from ₹186.03 Crore in FY 2018-19 to ₹388.35 Crore in FY 2024-25.
HSN Sub Chapter 8707 represents Motor vehicle bodies under GST classification. This code helps businesses identify Motor vehicle bodies correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8707, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Motor vehicle bodies.
Join our guided walkthrough to see how BUSY can transform your business operations.
GST Rate for Motor vehicle bodies under HSN Code 8707. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Motor vehicle bodies.
India’s Exports
FY 2024-25₹388 Cr
0.0105% of India’s total exports
India’s Imports
FY 2024-25₹1,517 Cr
0.0249% of India’s total imports
Trade Balance
FY 2024-25−₹1,128 Cr
Surplus rank #967 of 1233 subchapters
% of Chapter 87
FY 2024-250.20%
Share of Chapter 87’s total exports in FY 2024-25
Import side: 2.17% of Chapter 87’s imports
Rank Within Chapter 87
FY 2024-25#12 of 16
Position by export value among subchapters in Chapter 87
Import-side rank: #4 of 16
At a glance
13.05%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#580
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+81.01%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.20%
Contribution to Ch. 87
Share of Chapter 87 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−678.79
Exports
186.03 ₹ Cr
0.0081% share
— YoY
0.15% of Ch. 87
Imports
864.82 ₹ Cr
0.0241% share
— YoY
2.01% of Ch. 87
Balance
−377.07
Exports
132.71 ₹ Cr
0.0060% share
−28.66% YoY
0.11% of Ch. 87
Imports
509.78 ₹ Cr
0.0152% share
−41.05% YoY
1.37% of Ch. 87
Balance
−308.89
Exports
101.61 ₹ Cr
0.0047% share
−23.43% YoY
0.10% of Ch. 87
Imports
410.50 ₹ Cr
0.0141% share
−19.48% YoY
1.20% of Ch. 87
Balance
−632.37
Exports
183.92 ₹ Cr
0.0059% share
+81.01% YoY
0.12% of Ch. 87
Imports
816.29 ₹ Cr
0.0179% share
+98.85% YoY
1.73% of Ch. 87
Balance
−1,083.89
Exports
256.90 ₹ Cr
0.0071% share
+39.68% YoY
0.15% of Ch. 87
Imports
1,340.79 ₹ Cr
0.0233% share
+64.25% YoY
2.32% of Ch. 87
Balance
−1,349.55
Exports
281.43 ₹ Cr
0.0078% share
+9.55% YoY
0.16% of Ch. 87
Imports
1,630.98 ₹ Cr
0.0290% share
+21.64% YoY
2.59% of Ch. 87
Balance
−1,128.15
Exports
388.35 ₹ Cr
0.0105% share
+37.99% YoY
0.20% of Ch. 87
Imports
1,516.50 ₹ Cr
0.0249% share
−7.02% YoY
2.17% of Ch. 87
CAGR · 7-Year
Exports
13.05% /yr
Imports
9.81% /yr
reference, FY 2024-25
Export
₹1,91,608.67 Cr
Import
₹69,864.41 Cr
Trade Balance
+1,21,744.26
India's exports under HSN Sub-Chapter 8707 have grown at a compound annual rate of 13.05% over 7 fiscal years, rising from ₹186.03 Crore in FY 2018-19 to ₹388.35 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 8707 ranks #580 out of 1233 subchapters by total export value. Within Chapter 87, it ranks #12 of 16. By trade surplus, it ranks #967 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 8707 was recorded in FY 2021-22, when exports surged by 81.01% over the prior year.
In FY 2024-25, India's imports of ₹1,516.50 Cr exceeded exports of ₹388.35 Cr, resulting in a trade deficit of ₹1,128.15 Crore — ranking #967 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 8707 have grown at 9.81% CAGR, reaching ₹1,516.50 Crore in FY 2024-25.
Among the 16 subchapters under Chapter 87, HSN Sub-Chapter 8707 ranks #12 by export value — accounting for 0.20% of the chapter's total exports in FY 2024-25. On the import side, it holds 2.17% share (rank #4).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Sub Chapter 8707 and GST compliance.
It includes Motor vehicle bodies
Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Motor vehicle bodies is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.
Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.
Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.
Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.