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The Indian Passenger Cars market is expected to grow at a robust rate of 8 to 9% over the next 5 years; the tire market in India is also likely to grow at a robust rate; however, the replacement market is vital to success. Improvements in road infrastructure, customers opting to drive long distances, online retail, etc. directly impact the competit...

The study provides estimates of the Indian automotive aftermarket potential in 2016-17 generated by a total vehicle population of 228.7 million vehicles, which include, 2 and 3 wheelers, passenger cars, commercial vehicles and farm tractors. The estimated aftermarket potential comprises that of engine components, suspension and braking components, ...