By 2015, the Indian automotive aftermarket business will increase to $9.4 billion from its present estimated share of $3.7 billion, said R. Dinesh, Chairman, Auto Serve 2010, on Monday.
Talking to reporters, he said: “The key factor for this growth will be the high growth in vehicle sales and vehicle population. This calls for increasing the number of drivers and technicians and upgrading their skills. We will sensitise the government on the importance of the sector and highlight how Public-Private-Partnership can further generate employment but also employable people.”
Organised by the Confederation of Indian Industry (CII), the 4th edition of Auto Serve 2010 will be held for three days from November 19 at Chennai Trade Centre. It will feature a three-day educative, interactive and demonstrative exhibition; one-day conference and educational sessions on automotive maintenance, care, collusion and repairs, aftermarket, safety etc.
Leading players from the automotive services; aftermarket products; components and spare parts; tyres; batteries; lubricants; garage and service equipments, garage tools, car care products and accessories numbering about 100 will exhibit their products and services at the exhibition. About 700-800 delegates will take part in the conference.
Mr. Dinesh said that the objective of Auto Serve was to showcase the opportunities in automotive aftermarket business and provide a platform and education platform for companies in this sector. It would take up the issues faced by the stakeholders such as regulatory issues, inefficiency, size of individual players who control the network and share of profits by different segments.
McKinsey will release a paper on the future structure of automotive aftermarket industry in India.
At the valedictory session, KPMG will come out with an update on the Skill Gap report.
