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Auto Parts

It's time to call a fake a fake According to the Authentication Solution Providers’ Association (ASPA), the overall counterfeit products across various industries in India are causing losses to the tune of Rs 1 lakh crore annually.

The Indian automotive industry went through some tough times in the year 2019. The double digit de-growth and unprecedented slowdown were a result of several contributing factors. Among these, the growth of the Indian counterfeit auto parts market adversely affected the auto industry.

According to the Authentication Solution Providers’ Association (ASPA), the overall counterfeit products across various industries in India are causing losses to the tune of Rs 1 lakh crore annually. Despite many attempts at solving this problem, the fake auto parts market is unfortunately thriving in India and the ongoing slowdown has led to many OEMs struggling to find a solution for the same.

According to a FICCI-Cascade report, counterfeiting in the auto sector results in tax revenue loss of about Rs 2,200 crore to the government.

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Industries Helped by Us

FMCG
1

Fast-moving consumer goods (FMCG) packaging remains the worst affected industry due to counterfeiting which accounts for over 30% of business...

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Cosmetics
2

The rapid expansion of counterfeit cosmetics internationally and in India poses a public health risk for consumers and threatens...

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Consumer Electronics
3

Counterfeiting is a global phenomenon that has accompanied the rise to prominence of recognizable branded items...

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Auto Parts
4

It's time to call a fake a fake According to the Authentication Solution Providers’ Association (ASPA), the overall...

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Health Supplements
5

Counterfeiters never fail to shock us. As per the joint study by ASSOCHAM-RNCOS in 2020, about 65-75% of dietary supplements...

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