Automotive aftermarket spending to fall 11% in FY21: Crisil report

According to the report, aftermarket automotive spends are typically driven by annual running and replacement frequency

The coronavirus pandemic-induced nationwide lockdown is expected to squeeze automotive aftermarket spending by 11 per cent this fiscal, a report has said.

Based on the analysis of 75 mega districts in the country, which account for 43 per cent of the segment's total revenue, Crisil Research expects the annual running of vehicles (in kilometres) to decline, with three-wheelers likely to see the highest decline of 22 per cent and passenger vehicles and tractors seeing the lowest decline of 4 per cent during the fiscal.

These districts together account for a significant chunk of automobile sales by original equipment manufactures (OEMs)