India Automotive After Market Overview:

The India automotive aftermarket is witnessing robust growth, fueled by the nation’s rapidly expanding vehicle parc, which stands at 340 million and is projected to grow at a compound annual growth rate (CAGR) of over 8% in the next five years. This surge is largely driven by the rising number of two-wheelers and passenger vehicles, anticipated to increase from 257 million to 365 million and 47 million to over 72 million units, respectively, during the same period. A thriving pre-owned vehicle market, bolstered by organized businesses and digital platforms, is another critical growth driver, with the aftermarket segment expected to achieve a CAGR of approximately 17.5% by FY2030. Additionally, Indian manufacturers are capitalizing on export opportunities in established markets such as Indonesia and Brazil, as well as emerging regions across Africa and the Middle East, paving the way for substantial global growth.

What are India Automotive After Market Dynamics?

The dynamics of the India automotive aftermarket are characterized by evolving consumer preferences, technological advancements, and an increasing focus on export potential. Rising vehicle ownership, driven by rural demand and a growing middle class, is creating a fertile ground for aftermarket growth. Concurrently, the pre-owned car market's expansion, aided by digital platforms, has amplified demand for vehicle maintenance and replacement parts. Partnerships between OEMs and online platforms, such as Bosch’s collaboration with TMall, highlight a trend toward digital sales channels, which are reshaping the competitive landscape and revenue generation strategies.

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What is India Automotive After Market Segmentation?

by Replacement

Parts Tire
Battery
Brake Parts
Filters
Body parts
Lighting & Electronic Components
Wheels
Exhaust components
Turbochargers
Others

by Certification

Genuine Parts
Certified Parts
Uncertified Parts

What is India Automotive After Market Regional Insight?

Along with the other nations in the region, Asia Pacific comprises important nations like China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, and Pakistan.

Europe: Contains key countries such as France, Germany, Italy, Spain, Sweden, Austria, and the United Kingdom, among others.

The United States, Canada, and Mexico make up North America.

South Africa, the Gulf Cooperation Council (GCC), Egypt, Nigeria, and other MEA nations are all included in the Middle East and Africa (MEA) area.

South America: Consists of Argentina, Brazil, and other countries in the region.

𝐊𝐧𝐨𝐰 𝐌𝐨𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐓𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.maximizemarketresearch.com/market-report/india-automotive-aftermarket/29939/ 

Some of the current players in the India Automotive After Market are:

1. Bosch India
2. TVS Group
3. Mahindra & Mahindra
4. Exide Industries
5. Tata Motors
6. Minda Industries
7. Amara Raja Batteries
8. Ashok Leyland
9. Hero MotoCorp
10. Maruti Suzuki
11. Motherson Sumi Systems
12. JK Tyre & Industries
13. Lumax Industries
14. Sundram Fasteners
15. WABCO India

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