Indian Automotive Service & Repair Industry Overview

This article provides insight into challenges and conflicts in the Indian automotive service and repair industry and the industry’s inherent potential to overcome them.

The Indian automotive industry is expected to reach US$300 bln by 2026 growing at CAGR of almost 11% since 2020.

One of the fastest growing segments in the Indian automotive industry is the passenger car. The Indian passenger car market was valued at US$32.70 bln in 2021, and it is expected to reach a value of US$54.84 bln by 2027, while registering a CAGR of over 9% between 2022-27.

The auto-component market in India is growing at CAGR of 3.28% and the industry is expected to reach US$200 bln by FY26. This industry accounts for 7.1% of India’s Gross Domestic Product (GDP) and employs as many as 5 mln people directly and indirectly.

The automobile repair industry is highly fragmented and is catered by both organised and unorganised players including OEM and multi-brand repair outlets.

While the potential looks very promising and encouraging, unfortunately, many players operating in this passenger car repair & service sector are forced to compromise with mediocre business results.?

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