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India’s automotive aftermarket is likely to grow to USD 14 billion by 2028: ACMA-E&Y study  | Autocar Professional

Baua Electric

JANUARY 29, 2024

The markets include Indonesia, Latin America, Poland, Brazil, Columbia and Bangladesh, as well as matured markets, including African countries and UAE, with a substantial number of aging vehicles. ACMA officials noted that India has signed 13 free-trade agreements in the last five years, improving trade with other nations.

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Indian automotive aftermarket expected to reach USD 14 billion by 2028: E&Y report – ET Auto

Baua Electric

JANUARY 29, 2024

Five of these markets namely Indonesia, LATAM, Poland, Brazil, Columbia and Bangladesh have matured aftermarket with a substantial number of ageing vehicles while another five markets, i.e., North Africa, South Africa, East Africa, West Africa and UAE are fast developing and offer high growth opportunities.

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