India Automotive Aftermarket Outlook and Future Trends: Projected Growth at a CAGR of 7.2% from 2024 to 2030

India Automotive Aftermarket size was valued at USD 10.3 billion in 2023 and the total India Automotive Aftermarket revenue is expected to grow at a CAGR of 7.2% from 2024 to 2030, reaching nearly USD 16.76 Billion.

India Automotive After Market Overview:

The India Automotive Aftermarket is witnessing rapid growth as vehicle ownership continues to rise across the country. This market encompasses spare parts, accessories, maintenance services, and repair solutions for passenger vehicles, commercial vehicles, and two-wheelers. Increasing demand for extended vehicle life, rising consumer awareness about regular maintenance, and growth in organized service networks are key factors driving the aftermarket. Additionally, the rising number of aging vehicles on Indian roads has boosted the requirement for replacement parts and aftermarket services. E-commerce platforms and mobile applications have further enhanced access to genuine parts and services, allowing vehicle owners to conveniently source components and schedule maintenance.

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India Automotive After Market Outlook and Future Trends:

The outlook for the India Automotive Aftermarket is positive, with steady growth expected over the next decade. Trends such as digitalization of service bookings, the expansion of online parts retail, and the integration of connected vehicle diagnostics are shaping the market. Increasing adoption of electric vehicles is creating new opportunities in specialized service segments, including battery replacements and EV-specific maintenance. Organized service centers and branded accessory offerings are gaining popularity, while advancements in predictive maintenance technologies are enabling proactive vehicle care.

India Automotive After Market Dynamics:

Key dynamics driving the market include the growing number of vehicles, rising awareness about scheduled maintenance, and increasing preference for high-quality spare parts. The expansion of organized workshops, along with competitive pricing strategies, is encouraging consumers to opt for professional maintenance services. However, challenges such as counterfeit spare parts, fragmented distribution channels, and limited awareness in rural areas can hinder growth. Market players are investing in supply chain optimization, quality assurance, and customer education programs to address these issues and enhance market reliability.

India Automotive After Market Key Recent Developments:

Recent developments in the India Automotive Aftermarket emphasize digital transformation, quality assurance, and sustainability. Companies are introducing online platforms for spare parts sales, maintenance scheduling, and service tracking. Investments in advanced diagnostic tools, EV servicing infrastructure, and branded accessories are enhancing service quality. Collaborations with e-commerce companies and OEMs are expanding reach and improving consumer convenience. Additionally, initiatives to combat counterfeit parts, promote certified workshops, and integrate eco-friendly practices are strengthening market credibility. These developments collectively support growth and position the Indian Automotive Aftermarket for long-term expansion.

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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

by Service Channel

DIY (Do it Yourself)
DIFM (Do it for Me)
OE (Delegating to OEM's)

by Distribution Channel

OEMs
Repair Shops
Wholesalers & Distributors

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
16. Gabriel India
17. Ceat Ltd.
18. SKF India
19. MRF Limited
20. Apollo Tyres

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