India's spare parts market, valued at $10 billion in 2024 (IBEF), faces a growing menace - counterfeit products that account for 30-35% of the aftermarket (FICCI CASCADE 2023). These fake components not only cause ₹15,000 crore in annual losses but also pose serious safety risks. Anti-counterfeit labeling has emerged as the most effective solution, with leading manufacturers adopting advanced technologies to protect their brands and consumers.
The Counterfeit Spare Parts Crisis in India
Alarming Industry Statistics
Introduction
India’s spare parts market, valued at $10 billion in 2024 (IBEF), faces a growing menace – counterfeit products that account for 30-35% of the aftermarket (FICCI CASCADE 2023). These fake components not only cause ₹15,000 crore in annual losses but also pose serious safety risks. Anti-counterfeit labeling has emerged as the most effective solution, with leading manufacturers adopting advanced technologies to protect their brands and consumers.
The Counterfeit Spare Parts Crisis in India
Alarming Industry Statistics
1 in 3 automotive spare parts sold is counterfeit (ASSOCHAM 2023)
40% of industrial equipment failures traceable to fake components (Indian Machine Tools Manufacturers’ Association)
