Studds, Ask, Motul gain ground as GST cut and West Asia war squeeze grey-market auto parts
GST reduction from 28% to 18% and West Asia conflict-driven input cost spikes are tightening the 10-25% price gap that unorganised players relied on. Studds (25% helmet share, ₹2,000 cr m-cap), Ask Automotive and Motul India are positioned to absorb share as the unorganised segment shrinks from 30% toward 10-15%.
What happened
Studds Accessories · GST rate cuts and West Asia war-driven input cost surges are squeezing India's grey-market auto aftermarket, helping organized brands like
Key facts
- ₹2,000 crore market cap
- 25% helmet market share
- 30% unorganised share declining to 10-15%
- 10-25% price gap
- GST cut 28% to 18%
Why this matters
Window is open to acquire regional unorganised parts makers or distribution assets at compressed multiples before listed leaders consolidate the 15-20 point share migration.