The aftermarket expertise of ANAND Group companies needs no intro-duction. Through an exclusive interaction with Mr. Tanuj Goyal, Vice President - Group Aftermarket, we try to get a grasp of latest trends and happenings in the aftermarket space, from the vantage points of the automotive conglomerate and the replacement market in general.
With an aftermarket basket of 50+ products over 6,000+ SKUs and a distribution network comprising over 2,500 dealers and 12 pivotal centres, ANAND Group is one of the major auto spares players in the Indian aftermarket. Its offerings span across all vehicular segments and customer bases, including spares categories of vehicle maintenance, chassis and powertrain, motor oils and transmission fluids, thermal management, and emission control systems.
In the last two years, the automotive aftermarket space has been facing multiple threats and undergoing humongous changes out of macro-economic reforms – especially demonetisation and GST regime. The market outlooks are also wavering to extreme ranges, along with changing buyer preferences, making the replacement market highly volatile and dynamic than even before. In the outset of FY2020, we tend to ask the quintessential question – is this dreary scenario likely to extend further or can we expect some stability in the period ahead?
Back on track
Mr. Tanuj Goyal of ANAND Group Aftermarket is optimistic that exciting times are ahead for this sector, way past any major doldrums from outside the confines of automotive industry. The externality impacts in the last two years unravelled a mixed bag of impacts, he says, involving a heavy backlash due to the aforementioned policy reforms, along with some gains and course correction. “Especially with GST, there were issues with compliance, but nothing gets transformed in a quick span of time either. We have come out of rough times now”, he adds.
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Denne historien er fra February 2019-utgaven av MOTORINDIA.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
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