Indian aftermarket industry FY 2023 turnover at $10.6 billion, up 6% YOY

Overall component turnover at $69.7 billion, up 23.3% over the previous year on the back of significant vehicle sales, a robust aftermarket and steady exports

The Automotive Component Manufacturers Association of India (ACMA) has reported the turnover of India’s aftermarket at $10.6 billion for the period of April 2022 to March 2023, registering a growth of 6% year over year, according to a press release dated August 7.