Indian auto component manufacturers have substantial export potential in the global market, particularly in the independent aftermarket segment, according to a report by EY-Parthenon.
The report identifies strong growth prospects for Indian suppliers in countries such as Brazil, Indonesia, Colombia, Poland, and across various African regions. It divides these opportunities into two categories: mature markets with large consumption and developing markets with strategic trade advantages.
In mature markets, Indonesia is projected to reach an aftermarket size of $7,759 million by 2028, with demand favoring short lead times and flexible order quantities. Brazil’s aftermarket, expected to be worth $12,091 million, benefits from a high number of vehicles on the road and older vehicle fleets. Colombia, with an anticipated $1,999 million aftermarket, offers scope for organized supply through large distributors and wholesalers. Poland, projected at $4,769 million, also presents opportunities, though Brazil, Indonesia, and Colombia remain the primary focus for Indian exporters.

Developing markets, especially in Africa, hold significant promise. North Africa’s aftermarket is estimated at $3,415 million, South Africa at $3,685 million, East Africa at $521 million, and West Africa at $596 million. These regions typically prefer lower-priced components over genuine parts, giving Indian manufacturers a competitive edge. In East and West Africa, customers are highly price-sensitive and often choose parts up to 50% cheaper than Chinese-origin alternatives.
The UAE, with an aftermarket size of $888 million, also serves as a strategic gateway to the Gulf Cooperation Council (GCC) countries and Africa, offering logistical benefits and faster turnaround times.
According to the report, Indian exporters can capitalize on these opportunities by leveraging cost advantages, meeting varied market demands, and strengthening their presence in high-growth regions such as Brazil, Indonesia, Colombia, and Africa.
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