|
INDIAN
AUTOMOBILE INDUSTRY
- Largest Three Wheeler Market in the World
- 2nd Largest Two Wheeler Market in the World
- 4th Largest Passenger Vehicle Market in Asia
- 4th Largest Tractor Market in the World
- 5th Largest Commercial Vehicle Market in the World

With
the automobile population in India exceeding 90 million and growing at a
rate of 12% p.a, the
automotive aftermarket business in India is poised for an immense
growth. There are tremendous
opportunities in Automotive Services, Maintenance, Care and Aftermarket
Products.
THE
AFTERMARKET BUSINESS
The
Growth Factors
- Growth in Vehicle Sales, Vehicle Population, Replacement Parts &
Aftermarket Products
- Huge Demand for Servicing, Repairs & Maintenance
- Expansion of Service Networks by Vehicle Manufacturers
- Branded Service Networks being set up both by Vehicle
Manufacturers and other players
- Entry of Private Fuel Stations to add to the Servicing
Aftermarket Network
- Non Vehicle Manufacturers getting into Automotive Services
Business
- Emergence of One-Stop-Shop for Vehicle Owners to meet their needs
Servicing, Spares, Accessories, Insurance,
Warranty, etc. under one roof
- Increased Customer Awareness on Vehicle Maintenance


|