Press release
India Automotive Aftermarket: Rising Focus on Vehicle Maintenance, Upgrades, and Enhanced Customer Experiences
India Automotive Aftermarket
The India Automotive Aftermarket represents a critical pillar of the country's mobility ecosystem, encompassing replacement parts, accessories, diagnostics, maintenance, and repair services for vehicles already in operation. Valued at USD 10.3 billion in 2023, the market is benefiting from India's expanding vehicle parc of over 340 million vehicles, increasing vehicle age, and rising consumer awareness around preventive maintenance. The aftermarket plays a vital role in extending vehicle life cycles, improving safety, and reducing total cost of ownership across two-wheelers, passenger vehicles, commercial vehicles, and agricultural machinery.
Market Performance & Forecasts
The India Automotive Aftermarket is projected to grow at a CAGR of 7.2% between 2024 and 2030, reaching approximately USD 16.76 billion by 2030. Growth momentum is supported by steady new vehicle sales, a rapidly expanding pre-owned vehicle market, and increasing penetration of organized service networks and e-commerce platforms. Two-wheelers and passenger vehicles remain the largest contributors, while digital service models are reshaping revenue streams.
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Key Market Trends for 2026
Digitalization of Aftermarket Services: Rapid adoption of e-commerce platforms, mobile apps, and online marketplaces for spare parts and servicing.
Shift Toward Diagnostics & Data-Driven Maintenance: Growth in connected vehicles and IoT-enabled sensors driving predictive maintenance services.
Rising Organized Aftermarket: Expansion of branded workshops, OEM-authorized service centers, and multi-brand service chains.
EV Aftermarket Emergence: Growing demand for EV batteries, charging components, software diagnostics, and retrofitting services.
Private Label & Certified Parts Growth: Increasing preference for cost-effective certified parts over unbranded components.
Market Dynamics: What's Driving Growth
The market dynamics are shaped by a combination of vehicle population growth, technological innovation, evolving consumer behavior, and regulatory oversight. While traditional wear-and-tear components remain essential, future growth is increasingly driven by digital services, diagnostics, and advanced electronics rather than mechanical replacements alone.
Key Market Drivers
Rising Vehicle Sales & Parc Expansion: Continuous growth in two-wheelers, passenger vehicles, and tractors.
Growth of Pre-Owned Vehicle Market: Used car sales projected to grow at ~17.5% CAGR through 2030.
Improved Road Infrastructure: Higher vehicle utilization leading to increased maintenance cycles.
Rural Demand Upsurge: Strong agricultural income and government incentives supporting vehicle ownership.
OEM-E-commerce Partnerships: Direct-to-consumer spare parts availability improving accessibility and transparency.
Market Opportunities
Connected Vehicle Solutions: Remote diagnostics, fleet management, and predictive maintenance services.
Electric Vehicle Aftermarket: Battery servicing, thermal management, charging infrastructure, and power electronics.
ADAS Calibration & Installation Services: Rising demand for safety feature upgrades.
Export Growth Potential: Strong opportunities in LATAM, Africa, Southeast Asia, and the Middle East.
Customization & 3D Printing: Personalized accessories, performance upgrades, and rapid prototyping.
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Major Market Challenges
Stringent Regulatory Compliance: AIS, BIS, emission norms, and certification requirements increase costs.
Market Fragmentation: Dominance of unorganized players affects pricing transparency and quality consistency.
High Inventory Pressure: Dealer-level inventory challenges impacting working capital.
Technological Skill Gaps: Limited availability of trained technicians for advanced diagnostics and EVs.
Supply Chain Volatility: Dependence on imported components and raw materials.
Market Segmentation
By Replacement Parts
Tires
Batteries
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 (Delegated to OEMs)
By Distribution Channel
OEMs
Repair Shops
Wholesalers & Distributors
Leading Global & Domestic Players
Bosch India
TVS Group
Mahindra & Mahindra
Tata Motors
Maruti Suzuki
Hero MotoCorp
Ashok Leyland
Exide Industries
Amara Raja Batteries
Motherson Sumi Systems
MRF Limited
Apollo Tyres
CEAT Ltd.
JK Tyre & Industries
SKF India
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Regional Dominance
North India: Dominates due to high vehicle density, logistics hubs, and agricultural machinery demand.
West India: Strong presence of automotive manufacturing clusters and high aftermarket spending in urban centers.
South India: Rapidly growing organized service networks and technology-driven aftermarket adoption.
East India: Emerging market with significant untapped potential and increasing vehicle penetration.
Recent Developments & Industry Trends
Expansion of OEM-authorized multi-brand service networks
Increased investment in EV aftermarket infrastructure
Strategic collaborations between OEMs and online marketplaces
Growth of private-label spare parts by large distributors
Adoption of AI-powered diagnostics and service scheduling tools
FAQs
Q1. What is the current size of the India Automotive Aftermarket?
The market was valued at USD 10.3 billion in 2023.
Q2. What is the expected growth rate of the market?
It is expected to grow at a CAGR of 7.2% from 2024 to 2030.
Q3. Which segment dominates the market?
The tire segment dominates due to frequent replacement cycles and high vehicle usage.
Q4. What are the key growth opportunities?
Connected vehicles, EV aftermarket services, diagnostics, ADAS calibration, and exports.
Q5. Which region leads the India Automotive Aftermarket?
North India leads due to high vehicle density and diversified demand.
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