Indian Automobile Aftermarket To Reach USD 14 Million By 2028

Indian Automobile Aftermarket To Reach USD 14 Million By 2028

The Indian automobile aftermarket is slated to reach a value of USD 14 million by 2028, informed Automobile Components Manufacturer’s Association (ACMA) officials in a recent press conference held at Delhi in the run up to ACMA Automechanika aftermarket fair scheduled to be held from 1 February to 3 February at Pragati Maidan. 

The figures – insights from the organisation’s Global Automotive Aftermarket Research Report that was conducted in partnership by Ernst & Young – point at an aftermarket expansion in the wake of a consistent rise in the vehicle population, currently standing at 340 million and anticipated to exhibit a compound annual growth rate (CAGR) of eight percent till FY2028. 

Notably, the two-wheeler and passenger vehicles segments are poised for substantial growth, with projections indicating an increase from 257 to 365 million units and from approximately 47 to over 72 million units, respectively, by 2028. 

Pre-owned car sales are forecasted to experience a robust 17.5 percent CAGR until FY2028, propelled by organised businesses and online platforms. Furthermore, the commercial vehicle parc is set to expand from 13 million units to 19 million units by 2028. 

In the tractor segment, which presently contributes nearly USD 1 billion to the Indian aftermarket, the parc is expected to escalate from 14 million units to over 19 million units during the period.

The study, centering on seven key product categories including engine parts, suspension and braking parts, transmission parts, rubber components, cooling systems and filters—reveals that the Indian automotive aftermarket reached a valuation of USD 10 billion in 2023. 

Internationally, the study spanned 39 countries, concentrating on 10 significant export markets and pinpointing export opportunities exceeding USD 35 billion. Among these markets, Indonesia, LATAM, Poland, Brazil, Colombia and Bangladesh feature as a mature aftermarket with a significant number of aging vehicles. 

In contrast, North Africa, South Africa, East Africa, West Africa and the UAE are rapidly evolving markets, presenting substantial growth prospects. The collective export potential to these ten markets is projected to surpass USD 35 billion by 2028.

Speaking about the market potential for the industry, ACMA President, Shradha Suri Marwah, said, "The insights from the research highlight unique opportunities for the Indian auto component aftermarket players. The Indian components suppliers need to focus on building partnerships with international buying groups to gain market access, invest in marketing and branding, increase digital presence and build collaboration amongst the industry players to provide their joint offerings to tap the global market opportunities.”

Expressing his views on the performance of the industry, Director General of ACMA, Vinnie Mehta, said, “The Indian auto component makers witnessed a promising 7.5 percent growth in the first half of FY24 due to increased demand for pre-owned vehicles, preferential shift towards larger vehicles and the increasing formalisation of the repair and maintenance market. On the back of fast-growing aftermarket opportunities, we are thrilled with the response for participation, from both domestic and international players, at the ACMA Automechanika 2024. The event gives auto component manufacturers from across the world a platform to connect and demonstrate capabilities in the aftermarket. The exhibition has been seamlessly integrated into Bharat Mobility Global Expo 2024.”

Navnit Motors Inaugurates BMW Service Workshop In Mumbai

BMW Group - Navnin Motors

BMW Group India and Navnit Motors have opened a service workshop facility in Mumbai, designed in accordance with the manufacturer's Retail.NEXT standards.

Located in Andheri East, the facility covers approximately 115,000 square feet and operates 53 service bays, comprising six consultation bays, three diagnostic bays, 21 mechanical and electrical bays, and 23 body and paint bays.

The centre incorporates infrastructure for electric vehicle maintenance, high-voltage equipment, solar power generation covering 20 percent of electricity needs, rainwater harvesting and water recycling systems. Digital integrations include service scheduling via the MyBMW App, personalised video repair estimates with digital payment options, and real-time vehicle tracking. BMW Group India currently operates 56 service workshops across its national network.

Ralf Hattler, Senior Vice-President of Customer Support and Aftersales, BMW Group, said, "Aftersales is a strategic pillar of the BMW Group’s long-term relationship with its customers. As mobility evolves, our focus is to build a service ecosystem that is ready for every drivetrain, intelligently connected and consistently centred on individual customer needs. The new Retail.NEXT service workshop in Mumbai translates this global ambition into a powerful local reality - combining scale, specialist competence and responsible operations to safeguard vehicle performance. For our customers, this means peace of mind: knowing that BMW is always by your side and keeps you mobile throughout the entire ownership journey."

Hardeep Singh Brar, President and CEO, BMW Group India, said, "Customer experience does not end with the purchase of a BMW, it continues throughout the ownership journey. With Navnit Motors, we have established one of India’s largest automotive service workshops and the country’s largest BMW service workshop facility, bringing together scale, digital innovation, sustainability and future-ready expertise under one roof. It is a significant expression of our ‘Relax. We Care.’ promise and our commitment to making BMW ownership effortless, transparent and rewarding."

Krishna Kachalia, Dealer Principal, Navnit Motors, said, "As we celebrate 30 years of a strong and enduring partnership with the BMW Group, this landmark facility is a significant milestone in our shared journey. Our deep understanding of Mumbai and the evolving needs of BMW customers have shaped our vision to create this world-class service facility. As the largest BMW service workshop, it reflects our commitment to setting new benchmarks in aftersales excellence. With significantly enhanced service capacity, advanced diagnostic systems, dedicated EV facilities, connected service technologies and highly skilled specialists, the facility combines scale with precision and personalised care for BMW customers across Mumbai."

Taiwanese Suppliers To Showcase Automotive Solutions At AAPEX 2026

Taiwan - APPEX 2026

Over 200 suppliers from Taiwan will participate in AAPEX 2026, North America’s leading automotive aftermarket exhibition, scheduled to take place at the Venetian Expo in Las Vegas from 3rd November to 5th November.

Presented by the International Trade Administration and the Taiwan External Trade Development Council, the delegation will exhibit under the Team Taiwan banner at Booth V19622.

The display features products across categories including components, electronics, lighting, tools and collision repair parts. The showcase incorporates an industry scenario zone, digital kiosks, and scheduled presentations.

The events during the exhibition include an opening ceremony, networking sessions, procurement meetings and pitch demonstrations focusing on maintenance equipment, diagnostics and advanced driver assistance systems.

Image for representational purposes only.

Indraprastha Gas Deploys Nawgati Automated Safety Framework For CNG Stations

Indraprastha Gas - Nagwati

Indraprastha Gas has introduced Nawgati's artificial intelligence (AI) vehicle recognition and safety verification system at fuel stations in Delhi.

The rollout was inaugurated at the Shantipath CNG facility by Sanjay Kumar Singh, Joint Chief Controller of Explosives for the North Circle at the Petroleum and Explosives Safety Organisation (PESO). The initiative implements a three-pronged compliance framework to verify compressed natural gas cylinder hydrotest validity before refuelling.

The system incorporates the consumer-facing Nawgati app, the Aaveg compliance application used by queue marshals and automated license plate recognition cameras linked to digital LED displays and public announcement systems. Non-compliant vehicles with expired certifications trigger automated alerts to station staff to halt refuelling operations.

Ambuj Singh, Senior Vice President of Business and Operations, Nawgati, said, "Fuel retail safety relies on robust enforcement and friction-free technology. Having senior leadership inaugurate this rollout at IGL Shantipath is a testament to the urgency and impact of our solution. By combining our proprietary technology, the Aaveg Compliance app for queue marshals, and consumer-facing transparency through the Nawgati app, we are helping operators eliminate manual blind spots, prevent unverified cylinders from refuelling, and set a new benchmark for smart infrastructure safety."

The safety deployment is accompanied by public awareness campaigns across media channels and operational protocols implemented by Indraprastha Gas to support national energy targets and infrastructure expansion.

AXOR Introduces Agera Full-Face Helmet With Integrated Aerodynamic Rear Spoiler

Axor Agera

AXOR, the premium helmet brand from Vega Auto, has launched the Agera, a full-face helmet designed with aerodynamic engineering and ventilation features for high-speed riding.

The helmet features a shell profile with an integrated rear spoiler engineered to manage airflow, reduce aerodynamic drag, and lower neck strain at high speeds. The rear spoiler functions as an integrated exhaust vent to assist with thermal management and interior airflow extraction. The product will be retailed in domestic markets and exported across AXOR's international distribution network.

The Agera features a double D-ring retention system and an Emergency Quick Release System for cheek pad removal during emergency situations. The helmet is equipped with an optically correct, scratch-resistant, UV-protected Revo outer visor featuring a tool-free quick-release mechanism and Pinlock anti-fog compatibility, alongside an integrated internal smoke sun visor for glare reduction.

Uttam Chandak, Joint MD and Head of Research and Development, AXOR, said, "Aerodynamic engineering plays a critical role in the overall riding experience, particularly at higher speeds. With the Agera, our focus has been on developing a shell profile that manages airflow effectively. By combining aerodynamic considerations with functional ventilation and a race-inspired design, we aim to deliver a helmet that reflects our continued focus on engineering-led product development."