In India, the spurious automobile parts market accounts for around 36 per cent of the Rs 33,000 crore aftermarket. The Automotive Component Manufacturers Association of India (ACMA) and Society of Indian Automobile Manufacturers (SIAM) have been regularly organising workshops across the country to spread awareness about the impact of counterfeit automotive products. Usage of spurious automotive parts is not only responsible for accidents, increases the costs for vehicle owners but also reduces the life of the vehicle.
Hero MotoCorp Ltd, the...
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Updated Date: Apr 04, 2016 15:15:12 IST