India Automotive Aftermarket Industry is Likely to Expand at a CAGR of 7.6% Over the Forecast Period i.e.2017-2025
According to Goldstein Research, Rising working population & growing middle class are anticipated to remain key growth drivers for automotive industry in the country. Further, government’s initiatives for e-mobility are expected to attract new market players in the Indian automotive industry which is likely to expand the automotive industry growth. India Automotive Aftermarket Industry Outlook also includes new business models, product developments and capital investment as the key strategies adopted by the major players for significant expansion of business in India. Further, India is developing as global hub for auto component sourcing and its geographical location has provided the advantage to expand its export base to South East Asian countries and Middle East & Africa region. However, presence of large number of unorganized market players is the key factor for the stagnant automotive aftermarket growth. Browse Full Report: https://www.goldsteinresearch.com/report/indi...