Indian automotive aftermarket may touch Rs 75,000 cr by 2020

The domestic automotive aftermarket is expected to touch Rs 75,000 crore by 2020 driven by exponential rise in number of vehicles, according to a Confederation of Indian Industry report

The boosters

6 million units – India's vehicle market likely to grow by 2020, from 3.7 million units in 2016

6-7% – growth expected in the number of vehicles during the next year

5-7 mn – deployment of electric vehicles expected in the country by 2020

400,000 – passenger battery electric cars (BEVs) likely by 2020

$2 trillion – the new mobility solutions market likely by 2030

$1 trillion – plus revenue from the taxi cluster alone is expected by 2030