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Increasing Competition, Growth in Emerging Markets and Technological Necessities to drive Global Automotive Aftermarket
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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, drive, transmission and steering components, cooling systems, electricals and electronics, rubber components and consumables. The study further highlights the share of the total potential by the different component buckets and by vehicle segment, thereby serving as a handy read reckoner for organizations that are considering an entry into the Indian auto component aftermarket, or for companies that are looking to expand to new product lines.
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