Automobile
Industry

Impact of Counterfeiting in Automobile Industry

In valuation c๐—ผ๐˜‚๐—ป๐˜๐—ฒ๐—ฟ๐—ณ๐—ฒ๐—ถ๐˜ ๐—ฎ๐˜‚๐˜๐—ผ parts ๐—ฎ๐—ฐ๐—ฐ๐—ผ๐˜‚๐—ป๐˜ ๐—ณ๐—ผ๐—ฟ ๐—ฎ๐—ฟ๐—ผ๐˜‚๐—ป๐—ฑ ๐Ÿฏ๐Ÿฌ-๐Ÿฐ๐Ÿฌ% ๐—ผ๐—ณ ๐˜๐—ต๐—ฒ ๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ฎ๐—น๐—น Indian auto market- ACMA (2019)

Counterfeit auto parts resulted in a tax revenue loss of Rs 2,200 crore to India Govt.- FICCI (2019)

Around 20% of road accidents in India are attributed to fake auto parts- FICCI (2019)

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