Indian aftermarket industry FY 2024 turnover at $11.3 billion, up 6.6% YOY

An increase in the movement of vehicles post-pandemic and surge in demand for used vehicles led to buoyancy in the aftermarket across all segments

The Automotive Component Manufacturers Association of India (ACMA) has reported the turnover of India’s aftermarket at $11.3 billion for the period of April 2023 to March 2024, registering a growth of 6.6% year over year from $10.6 billion in the previous year, according to a press release dated July 25.