Auto spare revenues may drop 11% as lockdown persists in 75 key districts

Crisil Research says the 75 districts together account for a huge chunk of automobile sales by OEMs and 46% of the automobiles sales in the country

Revenues in the auto aftermarket segment are expected to drop by around 11 per cent in Fiscal 2021, with industry experts attributing the decline to a partial or full lockdown continuing in top 75 districts that account for nearly 43 per cent of industry's top line.

Aftermarket refers the automotive industry's secondary market which catering to replacement of original equipment (OE) parts. The categories include tyres, engine oil and lubes, parts, electricals, brakes and suspension among others. 

Ajay Srinivasan, Director, Crisil Research said that the 75 districts together account for a significant chunk of automobile sales by OEMs and 46 per cent