Two-wheeler aftermarket services industry generated a revenue of Rs 40,000 Crore in FY’22. Will India aftermarket services industry continue this growth trajectory? 1.Extension of Warranty Period and Free Service is a major growth driver of After Sale service in two-wheeler market. Two-wheeler manufacturers such as Hero, Honda and Yamaha announced the extension of warranty period and free service by two months during FY’21 due to the health crisis faced by consumers followed by the advent of COVID-19.… Read More »
Two-wheeler aftermarket services industry in India expanded at a CAGR of 7.9% in between FY’17 and FY’22. Will India aftermarket services industry continue this growth trajectory? 1. Enhancement of online presence is gaining traction among the existing players Trends and Developments in Two-wheeler Aftermarket Services Online Ecosystem COVID-19 era has witnessed businesses strengthening their digital presence in order to attract consumers as their preferences have shifted from availing services through face-to-face interaction to an online experience. Therefore, automotive aftermarket firms must… Read More »
