India: A restructuring aftermarket

The expansion of the vehicle fleet, combined with the increasing age of vehicles, is stimulating demand for preventive maintenance. According to the Automotive Component Manufacturers Association of India (ACMA), the aftermarket grew by around 6% in 2025, driven by improved infrastructure, demand for organised services and the emergence of more structured distribution channels.

The rise of service chains, e-commerce marketplaces and direct-to-consumer models is encouraging the adoption of premium parts, particularly in urban and semi-urban areas. India also benefits from strong export momentum: the automotive components industry recorded a trade surplus of around $453 million in fiscal year 2025, with exports close to $23 billion.

The highlight of 2025 remains the alliance between George Oakes Ltd., distributor for the Amalgamations group, which supplies more than 25,000 points of sale, and Groupauto International (GAI), with 2,100 distributors in 114 countries and more than €22 billion in turnover. The alliance aims to transform the Indian landscape through the digitalisation and integra- tion of a distributor-garage ecosystem. “The Indian market is growing at 7-8% per year, but is becoming more complex. Distributors need to evolve”, Ram Venkataramani, director of George Oakes, explained to
our colleagues at Motorindia.

Digitalisation is also progressing rapidly. MyTVS, a subsidiary of Ki Mobility Solutions (part of the $3 billion TVS Mobility group), presented three innovations at Bharat Mobility 2025: MyTVS Astra (Car2Cloud platform), MyTVS Hypermart (digital parts catalogue) and Nesh LIVE (fleet management). With more than 1,200 service centres covering 20% of India’s car population, MyTVS is positioning itself as a key player in the era of software-defined vehicles.

Its mobile app has been downloaded more than a million times, with 2,000 new customers per day and a 52% retention rate. This reality is all the more striking given the growth in electric vehicle sales (+20% in one year), a market that benefits brands from powerful neighbour China.