PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Indian Automotive Aftermarket Poised for Strong Long-term Growth Finds Frost & Sullivan - Frost & Sullivan, inds that total manufacturer-level parts revenue in India will grow by a CAGR of 12.4 percent (2014-2021) to reach $16.5 billion by 2021. Volkswagen.co.in / Automotive.Frost.com
Indian Automotive Aftermarket Poised for Strong Long-term Growth Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Mountain View, CA, United States, 2015/03/23 - Frost & Sullivan, inds that total manufacturer-level parts revenue in India will grow by a CAGR of 12.4 percent (2014-2021) to reach $16.5 billion by 2021. Volkswagen.co.in / Automotive.Frost.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

New analysis from Frost & Sullivan, Strategic Analysis of the Indian Automotive Aftermarket, finds that total manufacturer-level parts revenue in India will grow by a CAGR of 12.4 percent (2014-2021) to reach $16.5 billion by 2021. Demand for routine maintenance parts such as motor oil, wiper blades and brake pads will increase at least 10 times faster across India than in North America and Europe.

“Global automakers operating in India are looking to source parts locally in order to cut costs in a market dominated by cheap small cars, thus opening up new growth opportunities for part providers,” said Frost & Sullivan’s Automotive & Transportation Principal Consultant, Avijit Ghosh. “For example, Volkswagen India (volkswagen.co.in) plans to develop engines and transmissions in India in a bid to raise locally-made content in its vehicles from 70 to 90 percent.”

However, aftermarket participants face several challenges that curb their potential in the Indian market:

The price-competitive unorganized sector which does not adhere to government stipulations and to a large extent does not pay excise duties and sales taxes eats into the revenues of organized aftermarket participants
Counterfeit components account for 45 percent of passenger car aftermarket part sales owing to the lack of a mandatory standard and the unchecked production and import of counterfeit parts
Close to 70 percent of customers shift to local independent aftermarket (IAM) service centers within two years of their car purchase

IAM suppliers can assist their service partners in seizing this opportunity by providing high-quality parts at a lower price. The anticipated inclusion of a section on aftermarket standards in the Motor Vehicles Act will help reduce the sale of counterfeit components.

“IAM vendors must focus on the mass supply of parts to multi-brand service chain outlets such as myTVS, Carnation and Castrol Pitstop in order to ensure that car owners receive value for money,” recommended Ghosh. “Venturing into the used car and car exchange businesses will also prove profitable for dealers in the Indian automotive aftermarket.”

Strategic Analysis of the Indian Automotive Aftermarket is a Strategic Insight part of the Automotive & Transportation (automotive.frost.com) Growth Partnership Service program. This study discusses vehicles in operation, key industry trends, consumer trends and major market participants in the Indian automotive aftermarket. It also offers a forecast of manufacturer-level revenue and evaluation of wholesale parts and service channels.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.

The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion | Join Us: Join our community | Subscribe: Newsletter on “the next big thing" | Register: Gain access to visionary innovation

Strategic Analysis of the Indian Automotive Aftermarket / P7A0-18

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Automotive/Trucking/RV articles,
CATCH Visitors via Your Competitors Announcements!


Indian Automotive Aftermarket Poised for Strong Long-term Growth Finds Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Frost & Sullivan | IAM Suppliers
Publisher Contact: Ravinder Kaur / Priya George - Frost.com 
+91 44 66814413 / +91 44 66814414 ravinder.kaur[.]frost.com / priyag[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Automotive/Trucking/RV via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Automotive/Trucking/RV Most Recent Related Newswires:

The NEOPLAN Skyliner is Celebrating An Anniversary - 50 Years of The Double-decker Touring Coach
Hitachi Joins Shell Eco-marathon to Help #MaketheFuture
First MAN TGX PerformanceLine Edition Delivered - No 001 For BFS/Stegmaier Group
New Business Models and Service Expansion in European Automotive Aftermarket eRetail Strengthen Growth Opportunities Finds Frost & Sullivan
Vehicle Parc and Market Dynamics Transform KSA Automotive Aftermarket, Forcing Vendors to Change Their Business Approach
First MAN TGX EfficientLine 3 Goes to Spedition Hillert
NEOPLAN Tourliner Wins iF Design Award 2017
Field Testing the New MAN Six-cylinder Naturally Aspirated Engine for Cogeneration Systems
Turkish Medium- and Heavy-duty Truck Manufacturers to Increase Production Volumes and Quality to Meet Evolving User Demands Finds Frost & Sullivan
MAN Truck & Bus Begins Selling The TGE
MAN Joins CharIN
Connected Truck Telematics Providers Focus on Partnerships to Keep Pace with Digital Transformation Finds Frost & Sullivan
MAN and CNL to Bring eTrucks to Our Roads
Automotive OEMs Prepare for 48v Power-net, Fuelled by Autonomous Driving and Stringent Emission Norms Finds Frost & Sullivan
Automotive OEMs Standardise Testing and Explore Alternative Powertrains to Comply with RDE Deadlines Finds Frost & Sullivan

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  MagLar, Inc.

Visit  BizJobs.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)