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HOMAI Anti-Counterfeiting News

Jan 6, 2012

Only 41% auto components in Indian aftermarket are original

India: Only 41 per cent of the auto components consumed in the Indian aftermarket belong to original equipment manufacturers (OEMs). In fact, original equipment suppliers, with other manufacturers and imported parts, account for 23 per cent share of the aftermarket, says a study by The Automotive Component Manufacturers' Association of India (ACMA), the apex body representing the Indian auto component industry. It is estimated that almost 36 per cent of components in the aftermarket are counterfeit or fake, said Mr Soumitra Bhattacharya, ACMA Chairman for the Committee on Consumer Affairs & AfterMarket. Releasing the findings of the
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study, he said, The aggregate aftermarket around the globe is expected to cross $1 trillion by 2012, growing at over 5 per cent. The current size of the components business in the Indian automotive aftermarket is estimated at Rs 24,800 crore. The twowheeler segment, with 49.7 per cent leads the market, followed by passenger vehicles, commercial vehicles and three-wheelers at 24.7 per cent, 23.1 per cent and 2.5 per cent, respectively. Commenting on the challenges ahead in the aftermarket in India, the President ACMA, Mr Arvind Kapur, said, Only a small portion of vehicles here are serviced by OEMauthorised service centres; the rest are done by organised, semi-organised and a large number of small, unor-

ganised players. Therefore, to ensure better customer service, a process of accreditation needs to be devised. The study showed that by 2017, the market share of the OEM-authorised network of service stations will grow to 20-30 per cent from the existing 15-25 per cent and that of multi-brand organised service chains to 5-10 per cent from 1-2 per cent. Semi-organised service centres, accounting for 10-20 per cent of the market today, will account for 20-30 per cent in 2017, while the share of unorganised garages will drop to 45-55 per cent from the current 6070 per cent. Source: The Hindu

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