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    What’s next for aftermarket in India?
    India’s automotive aftermarket industry returned to growth in fiscal year (FY) 2022 (April 2021–March 2022) after coming under pressure in the previous FY owing to the slowdown in the auto component and the overall automotive industry. In FY 2022, the aftermarket industry revenue grew at the fastest pace in five years, indicating a return to normalcy with the industry size surpassing pre-pandemic levels.   In FY 2022, the turnover of the automotive aftermarket stood at INR74,203 cror...
    What the work-from-home culture means for US vehicle miles traveled and can its recovery sustain?
    Vehicle miles traveled (VMT), which refers to the total annual miles of vehicle travel in a state or an urbanized area, is often looked at as a key indicator for the aftermarket. In addition to being a primary indicator of travel for policymakers and transportation professionals, VMT can be leveraged to derive opportunities for the vehicle service and maintenance sector. How the pandemic-induced work from home impacted VMT The year 2019 was the sixth consecutive year during which the US wi...
    Analysis: Fleet storms back as average age of cars and light trucks in the US climbs to 12.2 years in 2022
    The average age of light vehicles in operation (VIO) in the US rose to 12.2 years this year, increasing by nearly two months over the prior year, according to new research from IHS Markit. This is the fifth consecutive year that the average vehicle age in the US has risen. This year’s average age marks another all-time high for the average age, even as the vehicle fleet recovered, growing by 3.5 million units in the past year. The global microchip shortage, combined with associated supply c...
    India’s automotive aftermarket and its business opportunities
    The automotive aftermarket in India is undergoing a significant change with consumer sentiments, mobility requirements, and supply chains all experiencing transformation. There is an enhanced focus on localization and the pandemic has brought to the fore a need to have innovative solutions. To be successful, it will be important for each stakeholder to understand the impact of the disruptive effects and recognize the opportunities that the automotive aftermarket presents. Aftermarket overview...
    BEV VIO in Greater China: market size outlook for 2030
    Mainland China is the world’s largest market for battery electric vehicles (BEVs) and is expected to remain for the foreseeable future. The continued push toward new energy vehicle (NEV) adoption both for corporate and private Chinese buyers along with heavy subsidies by the central government have, to a large extent, driven this quick transition to electrified vehicles. In the Chinese context, NEVs refer to BEVs, plug-in hybrid electric vehicles (PHEVs), and fuel-cell electric vehicles (FCEVs...
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