GST cut and West Asia war squeeze grey-market auto parts; Studds, Ask, Motul capture share
GST rationalisation from 28% to 18% and West Asia supply disruptions are narrowing price arbitrage for unorganised auto aftermarket players. Branded leaders Studds (25% helmet share), Ask Automotive (50% braking) and Motul (50% lubricants) gain as unorganised share slides from 30% to 10-15%.
What happened
Studds Accessories · GST rationalisation and West Asia war supply disruptions are squeezing grey-market auto aftermarket players, accelerating consumer shift to
Key facts
- ₹2,000 crore market cap
- 25% helmet volume share
- 30% to 10-15% unorganized share
- 10-25% price gap
- GST cut 28% to 18%
- ₹9,000 crore market cap
- 50% braking market share
- 50% lubricant share
Why this matters
Hunt for bolt-on acquisitions of mid-tier unorganised aftermarket suppliers losing pricing power before consolidation premiums reprice the category.