Auto component replacement demand estimated to grow 6-8% in FY24: Report.

The latest report on Friday indicates a substantial growth trajectory in the auto component replacement sector, with an estimated surge of 6-8 per cent in the upcoming fiscal year.

Such a tremendous increase in demand for auto component replacement denotes a highly perplexing and unpredictable trend.

The demand for used cars has also remained strong, supported by the growth of organized players.