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Auto majors are not just seeing a strong growth in vehicle sales, many are clocking a double-digit growth in sales of spare parts as well, thanks to a sustained campaign against fake parts and a growing vehicle population on the roads.
Maruti Suzuki, tcarmakery’s biggest car maker has clocked revenue of Rs 72.17 billion from spare parts and components during FY18, growing 10 per cent over the previous year. Apart from existing models, the company provides parts for various discontinued models as well.
Top two-wheeler maker Hero MotoCorp grew its parts business by 13 per cent last year. The reported
