Industry forecast to see 9% CAGR over 2016-2021 thanks to strong demand for new cars, forming used car market and expanding car fleet, supporting demand for car maintenance and fuel
Number of car dealerships in India expected to increase, lifted by growing new car market and automotive manufacturers’ investments into dealership networks
Supply of spare car parts remains fragmented, providing new growth opportunities for online retailers
Growing new car sales, combined with rising demand for automotive fuel, sustain industry’s growth
Industry’s turnover expands by 8% in 2016 to INR2.9 trillion
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