Indian automotive aftermarket biz to grow to $30 billion by 2026 – Feedback

The Indian aftermarket businessis expected to grow to an estimated $30-32 billion by 2026 from current $6.5 billion indicating a surge in demand for spare parts in the Indian vehicle industry.

Representing this strength, Automotive Component Manufacturers Association of India, Engineering Export Promotion Council, Confederation of Indian Industries, Department of Industrial Policy & Promotions, Indian Government, and Messe Frankfurt Trade Fairs India will be participating collectively with over 175 Indian auto component manufacturers at Automechanika – the world’s leading trade fair for the automotive aftermarket industry. The fair is going to held in Frankfurt from 13-17 September 2016. Automechanika spotlights innovations and solutions in the fields of parts, systems, tuning, workshop equipment, bodywork & paintwork, car wash, IT & Management and the latest automobile services.

http://economictimes.indiatimes.com/industry/auto/news/industry/indian-aftermarket-business-likely-to-grow-to-30-billion-by-2026-acma/articleshow/54307369.cms

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *