The Indian automobile industry continues to be a key pillar of the nation’s economy, contributing around 6% to India’s GDP, while the auto component industry accounts for about 2.3% of GDP.
The Indian automotive aftermarket is expected to witness sustained growth, driven by expanding service networks and increasing preference for genuine and reliable spare parts.
Revenue growth
India Motor Parts & Accessories Ltd (IMPAL) reported a revenue growth of 6.12% during FY26 against the previous year, despite competitive pressures and disruptions arising from the West Asia crisis.
To strengthen its market presence, the company opened 10 new branches during the year, taking its distribution network to 90 branches across the country.
Business performance
Chairman Srivats Ram said in his address to shareholders IMPAL remained focused on supplying high-quality automobile spare parts despite economic uncertainties and other business challenges.
The growing vehicle population in both the passenger vehicle and commercial vehicle segments is expected to drive demand for high-quality and affordable replacement parts in the coming years.
Expansion plans
“Our focus will remain on expanding our reach by increasing our network and improving the availability of genuine parts across the country,” he said.
The company said liquidity conditions continue to remain tight but are expected to improve during the second half of the current financial year.
Monsoon concern
It also cautioned that the El Niño phenomenon could delay the onset of the southwest monsoon, which may affect consumption in rural and farm sectors.