Our Automotive Aftermarket Division is responsible for providing data-driven services and innovative plug-and-play solutions for transmission, engine, and chassis systems under the leading brands of LuK, INA, and FAG.
Revenue
18.3%
Schaeffler India Loyalty Index
SKUs added
Presence
The Automotive Aftermarket business has undergone a tremendous digital transformation in recent years, driven by changing preferences and the increasing tech-savviness of consumers. Traditional brick-and-mortar businesses have had to adapt to these trends to stay competitive.
As part of our innovative, customer-centric approach, our Automotive Aftermarket division has introduced the Parts4U application. This interactive app is designed specifically for mechanics and retailers, providing them with exclusive access to vehicle parts, training sessions, and repair solutions at their fingertips. Compatible with both iOS and Android, Parts4U is empowering customers across the entire value chain.
Tier 2 and 3 cities are becoming booming economic centres with GST implementation and rising per capita income. To capitalise on this market opportunity, we need to expand our presence in these cities and create more touchpoints to engage customers to create tailored solutions to meet their preferences.
y-o-y growth in industrial and warehousing absorption in tier 2 and 3 cities in CY22*
Of recognised start-ups are based in tier 2 and 3 cities#
*Source: Savills India | #Source: Inc42
The recent expansion of the pre-owned car industry now surpasses the growth of new cars. Consumers increasingly opt for pre-owned cars, driven by the convenience and trust provided by digital channels. Our business model is characterised by an S-shaped growth where profits increase with the age of the car, and it places us in a prime position to take advantage of this growth opportunity.
Projected used car sales by CY25 from 4.4 mn+ in CY22**
**Source: Autocar
REPXPERT is a one-of-a-kind initiative that combines physical and digital mode to reach our technician partners across India. The platform provides comprehensive training and support so that our consumers experience the best service possible.
With this initiative, we seek to prepare technicians for the changes in technology and regulations that will shape the future. We are further introducing the REPXPERT mobile application, which provides mechanics and garage workers with information on product types, fitment methods, and a range of applications.
Travelled in 81 days
Cities covered
Technicians trained
Garages covered
We sharpened our strategic focus in CY22, expanding our portfolio of foundation and branded products. The new products under the Schaeffler TruPower brand received excellent reviews and showed promising growth in their debut year. To increase our reach, we conducted more workshops and built a larger network of technician partners. These efforts enabled us to maximise our distribution and create lasting partnerships.
As we enter CY23, our goal is to reach new heights of success by expanding our reach, strengthening our market position, and delivering exceptional customer satisfaction through our cutting-edge products, innovative programs, and customer-focused approach. We are excited to see what the future holds and are ready to take on the challenges that come our way."
Debasish Satpathy
President (Automotive Aftermarket)
