India - Automobile aftermarket products for luxury or premium segment vehicles
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
- 31 March 2024
- Opportunity publication date
- 21 March 2024
- Opportunity type
-
- Industry
- Automotive
- Enquiries received
- 1
- Value of contract
- to be confirmed
- 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
- 31 March 2024
- Value of contract
- to be confirmed
- The buyer is happy to talk to
- manufacturers, wholesalers, distributors
The deadline to apply for this opportunity has passed.
Visit the
opportunities page
to find another.