'Automotive aftermarket industry may grow to $9.4 bn by 2015'

"The Indian automotive aftermarket is expected to grow to around USD 9.4 billion by 2015 from its present estimated size of USD 3.7 billion.

"With the population of automobiles in India exceeding 110 million and growing at the rate of 10-12 per cent per annum, the automotive aftermarket business in India is poised for an immense growth", T V Sundram Iyengar and Sons Joint Managing Director R Dinesh said.

Entry of global players in the Indian automotive market coupled with major expansion plans of domestic industry would further aid the growth of the automotive aftermarket business in India, Dinesh also the Chairman of Auto-Serve 2012 said.

Confederation of Indian Industry is organising the Auto-Serve 2012, three-day conference featuring automotive care, maintenance, service, parts and garage equipment and commercial vehicles from November 16 here.