Auto component aftermarket grows 5% in H1FY25: driven by rising used vehicle parc, market formalisation: ACMA
New Delhi [India], December 15 (ANI): The auto component aftermarket grew by 5 per cent due to an increase in used vehicle parc and formalisation of the repair and maintenance market, according to the findings of the Automotive Component Manufacturers Association of India (ACMA).
The aftermarket in the first half (H1) of the financial year (FY) 2024 stood at Rs 45,158 crore (USD 5.5 billion) which grew to Rs 47,416 crore