India’s Automotive Aftermarket Is Nearing ₹1 Lakh Crore — Here Are the Key Players Driving the Next Growth Phase
- Team Autopunditz
- 3 minutes ago
- 4 min read
India’s automotive aftermarket is no longer just a spare-parts replacement business. It is becoming a large, organised, technology-led ecosystem covering tyres, batteries, lubricants, filters, lighting, suspension, braking, electronics, accessories, genuine parts, service networks and e-commerce-led distribution.
There are several familiar names in India’s replacement and service ecosystem, including Bosch, TVS Group, Mahindra, Exide, Tata Motors, Uno Minda, Amara Raja, Ashok Leyland, Hero MotoCorp, Maruti Suzuki, Motherson, JK Tyre, Lumax, Sundram Fasteners, WABCO/ZF, Gabriel, CEAT, SKF, MRF and Apollo Tyres.
Market Snapshot: India Aftermarket Crosses ₹99,000 Crore
According to ACMA’s FY2024-25 industry review, India’s auto component industry posted a turnover of ₹6.73 lakh crore / US$80.2 billion in FY25, growing 9.6% year-on-year and nearly doubling over FY20-FY25 at a 14% CAGR. Within this, the domestic aftermarket grew 6% to ₹99,948 crore / US$11.8 billion, supported by a growing used-vehicle base, formalisation of the repair ecosystem, rural demand and e-commerce penetration.
This makes the aftermarket a strategically important part of India’s automotive value chain. While OEM component supplies still form the largest portion of the industry at ₹5.70 lakh crore, the aftermarket offers steadier replacement-led demand because vehicles require regular tyre, battery, lubricant, filter, brake, suspension and electrical replacements through their lifecycle.
Why India’s Aftermarket Is Expanding
India now has a large and ageing vehicle parc across two-wheelers, passenger vehicles, commercial vehicles and tractors. The rising used-car market, longer ownership cycles, increased highway usage, growth of rural mobility and higher penetration of digital parts ordering are all expanding the replacement market.
ACMA specifically highlights the expanding used vehicle base, formalisation of the repair ecosystem and stronger rural demand supported by e-commerce penetration as key aftermarket growth drivers.
Another major shift is vehicle complexity. Modern vehicles use more electronics, sensors, safety systems, turbochargers, automatic transmissions, connected features and emission-control systems. This increases the value of replacement parts and opens opportunities for organised players with branded, warranty-backed products.
India Automotive Aftermarket Key Players FY25 Snapshot
Segment-Wise Key Players in India’s Automotive Aftermarket
1. Tyres: MRF, Apollo, CEAT, JK Tyre
Tyres remain one of the largest and most visible replacement categories in India. High road usage, bad-road exposure, commercial vehicle utilisation and two-wheeler volumes make the tyre aftermarket a repeat-demand category.
MRF, Apollo Tyres, CEAT and JK Tyre have strong recall in the replacement market, with wide retail networks and multi-segment offerings across two-wheelers, passenger vehicles, commercial vehicles and off-highway applications. MRF describes itself as India’s largest tyre maker, while Apollo’s official India platform highlights car, SUV, van, two-wheeler, agricultural, truck, bus, industrial and earthmover tyre categories.
2. Batteries: Exide and Amara Raja
Automotive batteries are another high-frequency replacement category, especially in India’s climate and traffic conditions. Exide Industries and Amara Raja Energy & Mobility are among the most recognised names in this space.
Exide offers batteries for cars, SUVs, MUVs, two-wheelers, three-wheelers and commercial vehicles, while Amara Raja has widened its positioning beyond lead-acid batteries into energy storage, Li-ion cell manufacturing, EV chargers and battery packs.
3. Electricals, Electronics and Lighting: Bosch, UNO Minda, Lumax
As vehicles become more electronics-heavy, companies supplying lighting, switches, sensors, electronics, access systems and electrical distribution components gain importance.
Bosch India remains a key name in automotive technology and replacement parts. UNO Minda, formerly Minda Industries, is a leading Tier-1 automotive solutions supplier, while Lumax is strongly associated with automotive lighting and related components. UNO Minda’s official profile describes it as a global supplier of proprietary automotive solutions and systems to OEMs.
4. Suspension, Braking and Ride Control: Gabriel, SKF, WABCO/ZF, Sundram Fasteners
Suspension, braking and safety components are critical in both passenger and commercial vehicle maintenance. Gabriel India is a prominent ride-control brand and is active in OEM as well as independent aftermarket channels. SKF India plays in bearings and related systems, Sundram Fasteners is a major fastener and precision component player, while WABCO, now part of ZF’s ecosystem, remains associated with commercial vehicle safety and control systems. Gabriel’s official profile calls it one of India’s trusted aftermarket brands for ride-control products. (ANAND Group)
5. OEM Genuine Parts Networks: Maruti Suzuki, Tata Motors, Mahindra, Hero MotoCorp, Ashok Leyland, TVS
These companies are not “aftermarket suppliers” in the same way as tyre, battery or component makers, but they are highly relevant because they operate large authorised service and genuine parts networks.
For example, Maruti Suzuki, Tata Motors, Mahindra, Hero MotoCorp, Ashok Leyland and TVS benefit from India’s vast in-use vehicle base. Their branded genuine parts businesses compete with independent replacement parts by offering warranty assurance, fitment reliability and authorised service support.
This is especially important as vehicles become more software-linked and electronically complex. For newer-generation cars and two-wheelers, customers may increasingly prefer authorised or semi-authorised service channels for diagnostics, calibration and safety-related repairs.
The Big Shift: From Unorganised Repairs to Branded Service Ecosystems
Traditionally, India’s aftermarket was dominated by local garages, informal spare-part distributors and price-led replacement decisions. That structure is changing.
The organised aftermarket is gaining from:
Better customer awareness: Vehicle owners increasingly prefer genuine or branded parts for safety-critical replacements such as brakes, tyres, batteries and suspension.
Digital discovery: Online platforms and B2B e-commerce are helping workshops source parts faster.
Used-car formalisation: As used-car sales become more organised, refurbishment and warranty-backed servicing are creating new demand for quality parts.
Rural expansion: Rural and semi-urban mobility is increasing replacement demand for two-wheelers, tractors, small commercial vehicles and entry-level cars.
EV transition: EVs reduce demand for some engine-related parts, but create new demand for batteries, thermal management, electronics, tyres, braking systems, software diagnostics and charging-related components.
Outlook: Aftermarket May Become One of India Auto’s Most Resilient Profit Pools
India’s aftermarket has strong long-term fundamentals. The country’s on-road vehicle base continues to expand, the used-vehicle ecosystem is becoming more formal, and customers are gradually moving from cheapest-available parts to branded and warranty-backed solutions.
For component makers, the aftermarket offers a margin opportunity beyond OEM supply contracts. For OEMs, genuine parts and service networks can become stronger lifetime revenue channels. For tyre and battery companies, replacement demand will remain core to growth. For digital platforms, parts discovery, workshop aggregation and logistics can open new business models.
The next phase of India’s aftermarket will likely be defined by brand trust, distribution depth, digital availability, rural reach and EV-readiness. In that sense, the market is moving from “spares and repairs” to a more organised mobility support ecosystem.