India - Automobile aftermarket products
This is a business opportunity from an overseas buyer. Pitch for the business and explain how your company meets their requirements.
Details
- Opportunity closing date
- 01 July 2024
- Opportunity publication date
- 29 April 2024
- Opportunity type
-
Private Sector
- Industry
- Automotive
- Enquiries received
- 0
- Value of contract
- £5m-50m
- Your guide to exporting
Description
An Indian company is looking to import automobile aftermarket components specific to the luxury premium segment vehicles market.
The company wants to engage with manufacturers or suppliers who can supply the below brands at a competitive cost:
- Hengst
- ATE
- Textar
- Lemforder
- Sachs
- Bilstein
- airmatic suspension brands avaliable in the UK
The Indian company wants to speak only to UK-based manufacturers or suppliers. They will not engage with third party intermediaries or consultants.
India is the world's third-largest automobile market, producing a total of 25 million vehicles including:
- passenger vehicles
- commercial vehicles
- 3-wheelers
- 2-wheelers
- quadricycles
India's luxury car market size was valued at £800 million in 2022 and is projected to reach £1.4 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030.
The Indian automotive industry is expected to reach £250 billion, where the auto components industry is expected to grow to £160 billion and the automotive aftermarket segment is expected to reach £25 billion by 2026 as per the government (IBEF).
- Opportunity closing date
- 01 July 2024
- Value of contract
- £5m-50m
- The buyer is happy to talk to
- manufacturers, wholesalers, distributors, agents
Express your interest
Express your interest to the Department for Business and Trade team in India.
All submissions will be reviewed and you will be notified of any potential next steps. You can only express your interest if you are a UK registered company.
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