The automobile aftermarket refers to the market for spare parts, components and other accessories. The auto aftermarket has registered solid growth within the country, in rise with the increasing demand for automobiles. The market has also expanded as people with higher disposable incomes are opting for greater customisation of their vehicles. In India, automobile aftermarket industry can be broadly categorised into vehicle electronic, chassis, thermal and consumer-based accessories. The industry is fast becoming organised and people are displaying a preference for quality, branded accessories. However, at the same time, a large part of the industry remains highly fragmented with unorganised players dominating the scenario. This has led to large scale availability of substandard parts and components. The market that caters to both new and used vehicles is proving to be a highly profitable one in the long run. Hide this