Thriam
Thriam

Do you want to advertise here? Contact us

OEM Play Store
OEM Play Store

Do you want to advertise here? Contact us

OEM Update
.

Auto part makers hit hard by duplicate parts

By October 21, 2009 6:50 am IST

Just when top auto component makers are seeing good OEM business, aftermarket sales, once the most stable revenue stream, has been hit hard by spurious parts. Bosch India is feeling such an impact that the company has created a secret team that tracks such parts with police help. The problem is old, but the last couple of months have seen a spurt in spurious parts. “They are mostly made around Delhi and Ludhiana,” says K. Ravi, Head, automotive aftermarket division of Bosch India.
The company, whose aftermarket sales are around Rs 1,200 crore, has seen 15-20 per cent of its market taken away by spurious parts makers. “This might negate the recent rise in orders from OEMs,” says Vaishali Jajoo, an analyst with Angel Broking who tracks the automotive sector. The new-found urgency to combat spurious parts comes even as the OEM sector recovers quite slowly from its heydays.
The auto-component industry is roughly worth Rs 41,000 crore, which puts the fake market between Rs 15,000 crore and Rs 19,000 crore. The government sees loss of revenue in the form of excise duties, Vat and other local taxes. Currently, the government is incurring a loss of approximately Rs 4,250 crore, according to ICRA Management Consultancy Services.

Advertising

OEM Android App

Your future advertising space? Our media data

Cookie Consent

We use cookies to personalize your experience. By continuing to visit this website you agree to our Terms & Conditions, Privacy Policy and Cookie Policy.

Tags:
Webinar
Webinar

Do you want to advertise here? Contact us

OEM Update QR Code
OEM Update QR Code

Events

Hannover Messe 2025
Hannover Messe 2025
Diemex
Diemex
Metal Forming Expo
Metal Forming Expo
ChemProTech India 2025
ChemProTech India 2025
Aerodef India Manufacturing Expo
Aerodef India Manufacturing Expo
Blech India
Blech India
Intralogistic & Warehousing Expo
Intralogistic & Warehousing Expo
Wiretech 2025
Wiretech 2025
India Fastener Show
India Fastener Show
India Manufacturing Show
India Manufacturing Show
Factory Automation Expo 2025
Factory Automation Expo 2025

eMagazine March 2025

eMagazine March 2025
eMagazine March 2024

Do you want to advertise here? Contact us

Our Sponsors

B&R Automation
B&R Automation
Pragati Gears
Pragati Gears
Pilz India
Pilz India
Carl Zeiss India
Carl Zeiss India
Inovance Technology
Inovance Technology
Mallcom
Mallcom
igus
igus
Delta Electric
Delta Electric
Vega India Level Ltd
Vega India Level Ltd
Studer
Studer
ENS Oils & Lubricants
ENS Oils & Lubricants
Super Slides
Super Slides
Aard Wolf
Aard Wolf
Widma
Widma
Silasers
Silasers
Velvex
Velvex
Chicago Pneumatic Tools
Chicago Pneumatic Tools
MMC Hardmetal Pvt Ltd
MMC Hardmetal Pvt Ltd
TruCut
TruCut
Voestalpine
Voestalpine
LMW
LMW
Ugro
Ugro
Deceler
Deceler
EAPL
Red Lion
Exor
Exor
Wika Instruments India
Wika Instruments India
Carol
Carol