After one year of successful
journey of Rico Auto in the aftermarket two-wheeler market, the Arvind
Kapur-controlled company has announced its foray in the 4- wheeler aftermarket
component segment. The announcement was made at a Distributor’s Meet organised
to celebrate Rico Auto’s one year success.
The company has established a
strong network of 40 channel partners across India and has made a strong
presence in Nepal and Sri Lanka as well. Last year Rico Auto after-market
vertical started with 28 products, and added 250 more new products to existing
lineup, taking the total product line up to over 400 products, in both the 2 &
4 wheeler component segment by end of 2018-19.
Arvind Kapur, Chairman, CEO
& MD, Rico Auto said, “With the success of over 35 years in manufacturing
components and success in the Indian OEMs auto component space it gives me
pleasure to announce our foray in the 4-wheeler aftermarket segment as we
cherished overwhelming response and acceptability of our 2W products in last
one year. We are highly optimistic and foresee a remarkable performance in the
4-Wheeler aftermarket. I would like to thank all our supporters, associates,
dealers and other stakeholders who have been our support system over the years
and look forward to developing close knit and mutually sustainable relationship
to add another chapter to the remarkable growth story of Rico Auto.”
The company sees tremendous
growth opportunity in the aftermarket, and hopes to meet its projected revenue
of over Rs 100 Cr by 2020. The aftermarket will have a range of products with
its International quality standards like clutch plates, clutch assembly, brake
shoes, disk brake pads, brake drum, alloy wheels, & other aluminum parts in
2 wheeler segment and brake drum, brake
pad, brake shoe & brake disc etc. in 4-wheeler segment.
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