Indian auto component makers have huge export opportunities in markets of Brazil, Colombia, Poland, Africa: Report
- IBEF
- August 12, 2025
Indian auto component manufacturers are poised to capture significant export growth, particularly in the independent aftermarket segment, according to a recent EY-Parthenon report. The study highlights both mature and developing markets as high-potential opportunities. Among mature markets, Indonesia’s aftermarket is projected to reach US$ 7.76 billion by 2028, with demand favouring short lead times and flexible order quantities, and the strengths of Indian suppliers. Brazil, with its large ageing vehicle base, is expected to post an aftermarket value of US$ 12.09 billion. In comparison, Colombia’s is forecast at US$ 1.9 billion. These regions require organised supply chains through distributors and wholesalers, presenting scope for Indian exporters to expand their footprint. Poland, with an estimated US$ 4.77 billion aftermarket, is also notable, although the primary focus remains on Brazil, Indonesia, and Colombia.
Developing markets, particularly across Africa, also offer immense promise. North Africa’s aftermarket is projected at US$ 3.42 billion, South Africa at US$ 3.69 billion, East Africa at US$ 521 million, and West Africa at US$ 596 million. These regions prefer lower-cost parts over genuine components, giving Indian manufacturers a competitive edge, especially as prices can be up to 50% lower than Chinese-origin products. The growth of independent garages in North and South Africa further drives demand. Additionally, the United Arab Emirates (UAE), with an aftermarket size of US$ 888 million, serves as a strategic trade gateway to the Gulf Cooperation Council (GCC) countries and Africa, offering logistical efficiencies and faster turnaround times. Leveraging cost advantages, supply chain strengths, and rising global demand, Indian exporters are well-positioned to enhance their presence in Brazil, Indonesia, Colombia, Africa, and beyond.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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