The Indian auto components sector has grown significantly over the years and ironically the counterfeit market has also been on a parallel rise, raising grave concerns about vehicle quality, performance and safety that consequently not only hurt the brand value of the manufacturer but also endanger human lives.
Counterfeit versions are relatively much cheaper than genuine parts, hence comfortably absorbed in the market. These counterfeits have extensively spread their deadly tentacles into cars, two-wheelers, buses and trucks segments particularly and the challenge is there are no adequate means to identify counterfeit components and the end-users are unaware of buying a non- genuine part.
Unfortunately, the counterfeit parts attract higher margins hence; they are preferred by many retailers and mechanics. Compounding the problem, our country lacks adequate safety standards for the after-market products and it is not possible to measure the unorganised sector production and counterfeit parts trading.
Spear pack with its revolutionary & in-replicable packaging technology supported by stringent, regulated & completely controlled distribution format provide solution to this menace.
