The automotive market in India has witnessed tremendous growth in the past few years. This rise in the auto market has also witnessed the rise of the car services industry as well. Car service industry is huge and it includes auto spare parts and accessories, car finance and insurance, car service centers, car rentals and many more. Each and every aspects of car services industry are discussed below:
- Car Spare Parts and Accessories: spare parts are very essential as it forms the part of routine maintenance of a vehicle. There are several auto component manufacturers that are engaged in making various types of automotive components. These components are then sold at various authorized retail outlets from where these are sold to the owner of a vehicle. Same thing applies to Auto accessories as well, which are meant to enhance the look of a vehicle. These are basically some extra add-ons that are stylish and offer a classy look to a vehicle.
- Car finance and insurance: these are mostly done by banks or financial institutions and it is meant to help a person to buy his or her new car. Insurance is provided along with the finance that is meant to safe guard the vehicle either from theft or from any accidental damage. Some of the financial institutions that are known to offer such car services are ICICI Bank, SBI Car Loan, Kotak Mahindra Bank, HDFC Bank and many more.
- Car Service Centers: these are the places where a car is taken for routine services and also in case of emergency repairs. Some of the leading car manufacturers like Maruti, Tata, Ford, Hyundai, Chevrolet, etc have their very own authorized service centers for the service of their respective vehicles. Apart from this there are also some multi brand car service centers that offer their service to any brand. Some of them are Bosch Car Service and My TVS.
- Car rentals: people can also hire a car if they are unable to own a car and they can have it for a specific period of time. There are various car rental agencies that offer such services.