automotive aftermarket

Indian auto industry poised to reach USD 300 Billion by 2026; Revving up for innovation and expansion

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Indian auto industry poised to reach USD 300 Billion by 2026; Revving up for innovation and expansion

India’s rapidly growing auto market is poised to hit a milestone, with projections indicating it will reach USD 300 billion by 2026. This growth is fueled by various factors, including rising income levels, urbanization, and a burgeoning middle class with increasing purchasing power.In March 2024, the Indian auto industry produced a total of 2,325,959 units, … Read more

Domestic auto component aftermarket expected to touch $14 bn mark by 2028: ACMA study

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Domestic auto component aftermarket expected to touch bn mark by 2028: ACMA study

New Delhi, The domestic auto component aftermarket is expected to touch USD 14 billion mark by 2028 on the back of robust growth in vehicle parc in the country, a report commissioned by industry body ACMA in partnership with Ernst & Young said. As per the Global Automotive Aftermarket Research Report, the size of the … Read more