Indian Auto Aftermarket Set To Hit Rs 1.6 Lakh Crore By 2030: Industry Expert
New Delhi: India is the world’s third-largest automobile market, which is also driving rapid growth in the auto component aftermarket. According to the Automotive Component Manufacturers Association of India (ACMA), the aftermarket grew by 6% to Rs 99,948 crore (USD 11.8 billion) in FY 2024-25, driven by an expanding used vehicle base, formalisation of the…