Indian Automotive Aftermarket

The Indian automotive aftermarket is expected to grow to around US $ 9.4 billion by 2015 from its present estimated size US $ 3.7 billion. The key factor driving this growth would be the growth in the vehicle pool in India. As per the Automotive Mission Plan 2006-2016, the size of the Indian automotive industry is expected to vary between US $ 122 billion to 159 billion by 2016. This would mean a domestic vehicle market of US $ 82 billion to 119 billion by 2016. This indicates the kind of demand for an automotive aftermarket would be in coming days.

There is strong potential for both OEM and IAM parts in the Indian aftermarket. The counterfeit components account for as much as 30-40% percent of passenger car aftermarket sales and 10-15% percent of commercial vehicle aftermarket sales.

 

 

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