A growing new vehicle parc and an ageing fleet are drawing a number of new players into the Indian aftermarket. Amit Panday met a few at the ACMA Automechanika New Delhi 2017 trade fair.
The Indian automotive component industry had reported a turnover of US$ 39 billion in FY2015-16, which marked its contribution to the GDP to 2.3 percent. Besides supplies to OEMs and the aftermarket, the turnover also included export business fetching foreign exchange earnings worth US$ 10.81 billion, which was four percent of India overall exports for that fiscal.(…)
