The Indian automobile industry – comprising of the automobile and the automotive components segments – is one of the key drivers of economic growth of India with high participation in global value chains. The after-market or auto-component industry is concerned with manufacturing, remanufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories, after the sale of the automobile from Dealerships. Being deeply integrated with other industrial sectors, it is a major driver of the manufacturing gross domestic product (GDP), exports, and employment.
As on June, 2021, the industry had contributed 6.4 % as a whole including 2.3 % specifically through auto-components industry to the GDP, around 35 % to manufacturing GDP, supported over 8 million jobs directly (OEMs, suppliers and dealers) and as many as 30 million more in the value chain which also provides economic opportunities to thousands of MSMEs. With the significance it holds, and the boost it has received in the direction of self-reliance by means of the high level of localization proposed in manufacturing auto-components, the industry is expected to grow up to Rs. 16-18 trillion and become the world’s 3rd largest automotive industry by 2026.
MH GROUP
Moped’s House has always strived for expanding its reach and not just its wings. Our endeavors are focused on maintaining customer relationships by means of better service on parts availability, timely delivery, prompt response against queries and consistent follow-up for feedback and suggestions. Our efforts are in sync with what an ideal organisation must lay its foundation on. We are of a firm belief that if we take the responsibility for a task, we give our best to uphold the trust we carry in executing it.
Since our establishment in the year 1984, the group has grown multifold by collaborating with relevant automobile vendor associates and OEMs among its portfolio, which enabled us in offering a broad range of products and options for customers, while giving best of our services.
Despite being witness to robust and challenging developments in the automobile industry over the course of time, we have stood firmly every time by gearing up and developing ourselves to suit the prevalent market scenario and match the demands of our customers.