The Role of Artificial Intelligence (AI) in shaping the Automotive Aftermarket
By Mr. Anand Kumar The automotive aftermarket industry is in resurgence after the pandemic, and now thriving. The Automotive Component Manufacturers Association of India (ACMA) recently reported that in FY 2022-23, it registered its highest-ever turnover of ₹ 85,333 crore (USD 10.6 billion), signifying a growth of 15% as compared to ₹ 74,203 crore (USD 10.0 billion) in FY22, This is attributed to unleashing of restrained vehicle demand which has boosted sales, easing of supply shortages, and sales mixes favoring larger vehicles. Furthermore, in India, mounting desire for group...