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India Multi-Brand Car Service Market report 2025-2033

India Multi-Brand Car Service Market report 2025-2033

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India Multi-Brand Car Service Market report 2025-2033
India Multi-Brand Car Service Market...
Report Code
RO10/147/1112

Publish Date
18/Mar/2025

Pages
200
PRICE
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​The India Multi-Brand Car Service Market is poised for significant growth from 2025 to 2033, driven by the increasing number of vehicles exceeding their warranty periods, rising vehicle ownership, and consumer demand for cost-effective maintenance solutions

Market Size and Growth: In 2023, the market was valued at approximately INR 15,000 crore. Projections indicate that by FY'2025, the market will reach about INR 73,162 crore, reflecting a compound annual growth rate (CAGR) of approximately 11.9% during the forecast period. This growth is attributed to factors such as the increasing number of post-warranty vehicles and the rising cost of maintenance at authorized service centers, prompting consumers to seek more affordable alternatives.​ 

Key Growth Drivers:

  • Increase in Out-of-Warranty Vehicles: A growing number of vehicles are surpassing their warranty periods, leading owners to opt for multi-brand service centers that offer cost-effective maintenance solutions. 
  • Rising Vehicle Ownership: The surge in vehicle ownership, particularly in Tier 2 and Tier 3 cities, has expanded the customer base for multi-brand service providers. ​ 
  • Cost-Effective Services: Multi-brand service centers typically offer services at prices approximately 40% lower than authorized dealerships, appealing to cost-conscious consumers. ​ 
  • Technological Advancements: The adoption of digital platforms for service bookings, real-time service tracking, and customer engagement has enhanced the customer experience and operational efficiency. ​Market Segmentation:
  • By Vehicle Type:
    • Hatchbacks​ 
    • Sedans​ 
    • SUVs​ 
    • Luxury Cars​ 
    • Electric Vehicles​
  • By Service Type:
    • Periodic Maintenance​ 
    • Mechanical and Electrical Repairs​ 
    • Collision Repairs​
    • Car Detailing and Care​ 
  • By Region:
    • Northern India​ 
    • Southern India​
    • Western India​
    • Eastern India​

Competitive Landscape: The market is characterized by a mix of organized multi-brand service chains and numerous unorganized local garages. Key organized players include:​

  • GoMechanic: Offers a network of technology-enabled service centers providing standardized services. ​
  • Mahindra First Choice Services: A subsidiary of Mahindra Group, providing multi-brand car servicing with a focus on quality and reliability. ​
  • Bosch Car Service: A global network offering comprehensive car services and solutions. ​ 
  • MyTVS: Provides a range of car services with a strong presence in South India. ​

Future Outlook (2025-2033): The India multi-brand car service market is expected to continue its robust growth trajectory, driven by:​

  • Expansion into Tier 2 and Tier 3 Cities: Organized service chains are likely to penetrate smaller cities to tap into the growing vehicle population.​
  • Enhanced Service Offerings: Providers may diversify their services to include value-added offerings such as pick-up and drop-off services, extended warranties, and insurance partnerships.​
  • Sustainability Initiatives: Adoption of eco-friendly practices and waste management solutions in service operations.​

Overall, the market is set to evolve with a focus on customer-centric services, technological integration, and strategic expansions to cater to the diverse needs of vehicle owners across India.

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