The aftermarket in India is projected to attain an Rs.85,500 crore valuation by 2025. To help the stakeholders of the automotive industry tap the growth potential of the aftermarket, the Society of Indian Automobile Manufacturers (SIAM) conducted a webinar. It urged the need to take a holistic approach covering every aspect of the segment. Evaluating the needs, possibilities, and challenges with an end objective of customer satisfaction, crucial topics were touched upon. These included quintessential quality, curbing counterfeit, vocal for local, simplifying the supply chain, amplifying accessibility, and evaluating e-commerce. Averred Prashant Banerjee, Executive Director at SIAM, “The Indian auto industry is bouncing back towards positive growth with growth in September and October at an estimated 30 per cent.” “We need a higher level of collaboration with stakeholders to be able to tap the aftermarket,” he exclaimed.
This story is from the January 2021 edition of Auto Components India.
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This story is from the January 2021 edition of Auto Components India.
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