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We know what a stressful experience searching for spare parts is; getting the right part of the correct specifications and in the right quantity and fitment – it’s just a horrendous task in today’s market. We have set up our B2B online spare-parts marketplace to provide you with 100% genuine Original Equipment Manufacturer (OEM) spares. You are welcome to browse the multiple industry-specific spare categories in our online catalog and make your choice. If you’re still not convinced, here are three reasons why BookMySpares.com is the ideal solution to your spare parts dilemma.



  1-  100% Genuine Brands


Our online marketplace’s virtual library is stocked only with 100% genuine spare parts, manufactured by the Original Equipment Manufacturers (OEMs) themselves. For example, if you are looking for a crucial part for a top-brand front loading washing machine, we have it, from the same brand as the machine. This ensures that the part fits the washing machine and you’re able to deliver to your customer seamlessly. It’s a simple task to look up the part and make the purchase on our marketplace.



2-  Industry-specific Product Listing


The spares listed in our online marketplace’s virtual library are categorized based on different industries. It’s not like wading through a huge warehouse looking for the spares to fit a particular machine belonging to a specific industry. All you do with us is to open the virtual catalog, scroll down to your specific industry and select your required spare. It’s that easy.



3-  Door-step Delivery and Easy returns


Whether you want a single spare or multiples just make your purchase and we will deliver it to your door in a few business days. You can count on our delivery and go ahead and commit to your stakeholders. We have strategically designed our online marketplace in order to enable you to source genuine OEM parts at economical rates. We deliver to your door no matter in which part of India you’re located.


If, for some reason, you realize that you’ve made the wrong purchase, then you can return the spares to us just as easily and we can replace them with the parts you actually need. Either that or you can return them, ask for a refund, and shop for different parts with us. Please read the terms and conditions for easy returns on our site. Believe it or not, purchasing spares for complex engineering can be as simple as shopping for market goods.



Conclusion

We would like to reduce the chance of returns, given your critical time-to-market constraints. Our online customer support is happy to help you select your spares. If you’re still not sure about something, or if you have doubts with regard to our ordering or fulfillment process, please feel free to call us and we’ll help you through the process. Once you get accustomed to the online marketplace, you’ll continue to shop for spares like a pro. 

0 Comment | Posted By Manish Chaubey

 



Interesting Facts About Spare Parts Industries in India


India is quickly emerging as an international hub for spare component sourcing. The spare parts industry is able to deliver cost-effective, super-quality spare components by maintaining low manufacturing costs. In fact, Indian spare parts cost 10-25 percent less than the parts that come out of operations in Europe and Latin America. Also, India is located at a geographically advantageous location, closer to key automotive markets such as Europe and the Middle East.

International players in the spare parts industry are increasingly using OEMs (Original Equipment Manufacturer that produce equipment and spares to be marketed by another manufacturers) to furnish their manufacturing demands.

Here are some very interesting facts about the Indian spare parts industry, in terms of growth, turnover and foreign investments.

 

 

 


Spare Parts Industry – Growth Facts:

  1. By 2020, the Indian government expects the Indian auto-components industry to show a turnover of US $100 billion.
  2. By 2026, the Indian spare parts industry is expected to export US$ 80- US$ 100 billion worth spares.
  3. The Indian auto spares market is responsible for 7% of India’s GDP

 


Growth and Revenue Estimations in The Spare Parts Industry

  1. By 2021, India's auto spare export could account for as much as 26% of itstotal spare parts market.
  2. The Indian domestic spares market is expected to account for 71% of the total global market size of US$115 billion in spare parts by the end of 2021.
  3. By 2021, India's spares exports could account for as much as 26% of the market.

 


Global Investments in Indian Spare Parts Industry

  1. The Indian arm of German automotive plants supplier HELLA is putting up its second spare parts manufacturing plant in India, with a first-phase investment of US$ 5.36 million.
  2. French auto parts maker Valeo is in the process of deciding to invest US$ 100 billion in India’s spare parts OEM in the next year.  This investment will act like a major boost to the industry and will enable it to grow further.
  3. By 2019, the Canadian giant Magna International plans to open 3 new plants in India for producing spare parts for automobiles.

 


Government Policies and Growth in The Spare Parts Industry

  1. The spare parts industry employs as many as 19 million people throughout the country, both in public and private sector manufacturing units.
  2. From 2007-2017, the spare parts industry has phenomenally scaled up. Especially, the automotive sector has scaled thrice to achieve US$ 39 billion. Exports have grown faster in the past decade, showing US$10.8 billion in FY 2015-16.
  3. India's GDP is enhanced by almost 7% by the Indian components market.

 


Conclusion

The unprecedented growth of the spare parts industry has transformed India into a preferred designing and manufacturing base for spare parts. The growth in foreign investment in the spare parts industry is proof that Indian spare parts sector has achieved a consensus of opinion for consistent quality. 

0 Comment | Posted By www.bookmyspares.com