According to the report, McKinsey, a consultancy, (McKinsey&Company) has in a report said that by the year 2015, India after the auto parts market industry output value is expected to from the current 280 billion rupees ($5.068 billion) to grow to 370 billion rupees ($6.697 billion).
McKinsey, a consultancy, recently released a report said: "at present, the auto parts market in India after the overall output is about 280 billion rupees ($5.068 billion), the automobile service market value of about 100 billion rupees ($1.8 billion), it is estimated that by 2015, India after the auto parts market output will grow to 370 billion rupees ($6.697 billion).
After the car market is refers to the car sales later, around the car in the process of using all kinds of products and services, including replacement parts, accessories, lubricant, appearance products, tires, collision repair and for the maintenance tools and equipment.
India after the parts in the market, motorcycle industry after the whole market the proportion about 49%, and the passenger car market value after about 70 billion rupees ($1.267 billion), accounting for the proportion which the whole place was 26%, the commercial vehicle market outlook places the proportion is about 25%.
The report also pointed out that the India market for safety, navigation and multimedia function growing demand will promote the rapid growth of automobile electronic market, it is estimated that by 2016, India's automotive electronic market value will increase to 4.5 billion us dollars, and used in automotive electronic equipment costs accounted for the proportion of the total cost of the car will reach 40%.