Automobile Aftermarket Products for Luxury or Premium Segment Vehicles – Exporting Opportunity

Type of document: Contract Notice
Country: United Kingdom

1. Title: AUTOMOBILE AFTERMARKET PRODUCTS FOR LUXURY OR PREMIUM SEGMENT VEHICLES – EXPORTING OPPORTUNITY
2. Awarding Authority: Secretary of State for Business, Innovation & Skills acting on behalf of UK Trade & Investment (UKTI), GB. Web:
3. Contract type: Supply contract
4. Description: Industry
Automotive
Indian company looking to import automotive aftermarket products specific to luxury or premium segment vehicles.
An Indian company is looking to import the automobile aftermarket components specific to the luxury / premium segment vehicles (JLR, BMW, Mini, Benz, Rolls-Royce and other sports cars).
The Indian company wants to speak only to UK-based manufacturers or suppliers. They will not engage with third party intermediaries or consultants.
India is the world’s third-largest Automobile market producing a total 25 million vehicles including:
passenger vehicles
commercial vehicles
3-wheelers
2-wheelers
quadricycles
India’s luxury car market size was valued at £800 Million in 2022 and is projected to reach £1.4 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030.
The Indian automotive industry is expected to reach £250 billion, where the auto components industry is expected to grow to £160 billion and the automotive aftermarket segment is expected to reach £25 billion by 2026 as per the government (IBEF).
5. CPV Code(s): 34000000
6. NUTS code(s): UKC, UKD, UKE, UKF, UKG, UKH, UKI, UKJ, UKK, UKL, UKM, UKN
7. Main site or location of works, main place of delivery or main place of performance: India
8. Reference attributed by awarding authority: Not provided.
9. Estimated value of requirement: Not provided.
10. Opportunity closing date 31.3.2024.
11. Address to which they must be sent: For further information regarding the above contract notice please visit:
12. Other information: TKR-2024226-EX-1707511