A latest EY-Parthenon document highlights substantial export possibilities for indian vehicle element producers, mainly within the impartial aftermarket segment, with billion-greenback ability in markets like brazil, indonesia, colombia, Africa, and the UAE. the worldwide vehicle thing market, worth $2 trillion, offers good sized increase possibilities due to India’s competitive pricing, quick transport, and great products.
Mature markets like brazil ($12,091 million by using 2028), indonesia ($7,759 million), and colombia ($1,999 million) show excessive call for for substitute parts, driven by way of huge automobile populations and getting older fleets. indian suppliers excel right here because of their capability to meet quick lead instances and flexible order portions. In growing markets, Africa presents large potential, with North Africa’s aftermarket at $three,415 million and south africa at $three,685 million. price-touchy regions like east and West Africa prefer indian parts, which can be as much as 50% cheaper than chinese alternatives. The UAE, with an $888 million aftermarket, serves as a logistical hub for the gulf and Africa.
India’s value advantage is terrific, with additives up to 15% cheaper than jap eu providers in germany and 20-25% less than chinese products inside the U.S. because of price lists. The automobile factor producers association (ACMA) and BCG report similarly initiatives exports should reach $one hundred billion via 2030, driven through traditional components and rising EV parts like battery management structures.
To capitalize, indian manufacturers must enhance checking out, automation, and ESG compliance while integrating into worldwide deliver chains. regardless of challenges like U.S. tariffs, diversifying into those high-increase markets can solidify India’s function as a global car hub.
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