Aftermarket’s success increasingly hinges on regional integration, working closely with local governments and suppliers, rather than treating Asia Pacific as one uniform market. Asia Pacific’s aftermarket revenue is envisaged to reach $239.8 billion by 2032, growing 6.9% annually, more than twice the pace of vehicle population growth, as vehicles age and grow more complex. China […]
The aftermarket is evolving beyond simple part replacement, playing a vital role in keeping vehicles reliable, efficient and connected throughout their life. The global automotive parts aftermarket is quietly entering a phase of steady and sustained expansion. As vehicles stay on the road longer and usage continues to rise, the need for regular maintenance and part replacement […]
At ACMA Automechanika New Delhi, interviews with Ferdinand Bilstein’s senior management spotlighted India’s role in the aftermarket and sourcing landscape. From market expansion and procurement to manufacturing confidence, the discussions reflected a unified message – India is central to the company’s growth strategy, reinforced by the launch of its subsidiary. Mr. Philipp Hess, Global Sales […]
Daimler India Commercial Vehicles (DICV), a wholly-owned subsidiary of Daimler Truck AG (“Daimler Truck”), today reflected on its resilient and transformative performance in 2024. Despite the Indian commercial vehicle market experiencing an overall ten percent decline due to macroeconomic challenges, elections, erratic monsoon, and sectoral uncertainties, DICV strengthened its core operations and laid a strong […]
In an exclusive interview with Rajesh Rajgor, Udit Sheth, Vice Chairman of Setco Auto Systems, shared insights into the company’s leadership in the clutch industry, its technological advancements, and future growth plans. Setco Auto has firmly established itself as a dominant player in the commercial vehicle market, particularly in the clutch segment. “Our objective has […]