Iran crisis, GST singe small auto parts firms
new delhi, June 3 -- Grey market operators and micro enterprises in India's automobile aftermarket are facing an existential threat as consumers increasingly shift towards organized brands that are better equipped to absorb rising costs and supply disruptions triggered by the West Asia war, according to several industry executives. At the same time, last year's goods and services tax cuts have narrowed the price gap between formal automotive spare parts and cheaper alternatives sold by unorganised players. Moreover, GST cuts have also sparked buyers moving to more premium segments which is helping in the sales of helmets and auto fluids and lubricants with a premium over local products. At least three auto ancillary companies-Studds Accessories, Ask Automotive and Motul India-said organiSed big brands have gained an edge owing to several factors which include reducing price gap and rising premiumization post GST cuts, and supply chain disruptions over the past three months. One area where smaller players are facing pressure is in the lubricant aftermarket due to dependence on refineries for oil to make the products....
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.