India’s auto aftermarket industry is undergoing a structural transformation driven by technology adoption, formalisation, and evolving product requirements, even as internal combustion engine (ICE) components continue to account for the bulk of demand, according to ACMA President Vikrampati Singhania.
Speaking on the sidelines of ACMA Automechanika in New Delhi, Singhania said the exhibition clearly reflected the sector’s ongoing transition, with companies increasingly showcasing electronics-driven and digitally enabled components alongside conventional parts. He noted that the aftermarket, estimated at around ₹1 lakh crore, is witnessing steady growth, aided by GST-led formalisation and the rising technological complexity of vehicles.
Singhania also highlighted the potential impact of recent trade agreements with the European Union and the United States, describing them as significant opportunities for India’s auto component industry. Together, the two regions account for nearly 60–65 per cent of India’s auto component exports, and the agreements could accelerate technology inflows and export growth.
Emphasising the importance of MSMEs, Singhania described them as the backbone of the aftermarket ecosystem. He said ACMA is actively working with smaller companies to enhance quality standards and improve global competitiveness, while platforms such as Automechanika 2026 play a crucial role in connecting MSMEs with customers and OEMs.
Looking ahead, he identified technology transition and scaling up capabilities as key challenges, stressing that the industry must align with global standards to fully capitalise on emerging trade and market opportunities.
