The ICRA Research compendium offers a summary of some of the most thought provoking research reports published during the month

Two-wheelers dominate India’s vehicle population in volume terms because of affordability and suitability for daily mobility. Commercial vehicles lead the aftermarket in value, driven by intensive usage cycles, higher wear-and-tear and frequent replacement of critical components.

Passenger vehicles also account for a substantial share of the aftermarket, supported by their large vehicle parc, rising feature sophistication and growing demand for quality replacement parts.