Industry Review


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
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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


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