The
Indian Auto after-market, though a secondary market of the automotive industry
primarily related to the varied functionalities of all the vehicle parts and
accessories after the sale of the automobile, stands equally important to the
automotive industry. The after-market forms the basis of the auto industry as a
whole and as per the latest media reports, it is expected to enter into the
double-digit growth curve in the near future after its negative state of no
growth in the past couple of years.
The
industry data suggests that while presently the Indian auto after-market,
inclusive of all its categories, sizes at approx. USD 7 million dollars, it is
expected to achieve a growth of about 10-12 per cent going ahead, provided the
anticipated growth rates remain. Now that the scenario is changing fast for the
Indian auto market and there is sufficient vehicle populace in the country,
these predictions on the after-market growth rates seem acceptable despite the
technological changes incurred as well as the less important repair trend in
the auto industry.
In
the past 2-3 years, the utilization levels of vehicles were not adequate so as
to drive in progress for the auto after-market and that’s what majorly reasons
for the slow to no growth of the industry. Also, with the upcoming changes in
the wake of new trends, advanced technology and the rising digital influence,
the auto after-market is predicted to be undergoing enormous changes in
accordance. Moreover, for the industry to function smoothly, the after-market
ecosystem would require support with the technology, investment, OEMs and the
auto parts markers to cover the gap created in vehicle servicing.
Have a look on : Why Choose Shriram Automall For Used Three - Wheeler
There
are numerous players in the industry dealing with the restoration services for
the vehicles sold, who will also be witnessing ample progress in the arena corresponding
to these latest growth hike reports. Shriram Automall is one such recognized
player in the market, which is primarily a service provider of pre-owned
vehicles and equipment yet also provides its allied services for repairing, known
as ‘Refurbishment by New Look’. The company facilitates refurbishment of pre-ownedvehicles and equipment through an efficient repairing process, providing the
best price realization on assets.
In
case you or your acquaintance is on the lookout for such refurbishment services
or are interested with the buying or selling of pre-owned vehicles and
equipment, rest assured that you have reached the right platform, a one stop
solution to address all your similar requirements. Shriram Automall is a
pioneer in providing a magnificent variety of pre-owned vehicles and equipments
for years now, the trusted name customers rely on.
If you are looking to purchase any kind of used vehicles in India, simply submit your requirement and get a call back from Shriram Automall to assist you further.
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