Counterfeit Auto Parts leading to loss of lives and revenue - Action Needed

Counterfeit parts are leading to loss of lives and tax collection. Time India acts on this. LocalCircles please escalate. Till this becomes a main stream subject, Govt may not act.

The overall counterfeit product industry in India is worth Rs 1 lakh crore, causing the government tax losses of Rs 40,000 crore. While fake products are common in agriculture (fertilisers and pesticides) or even FMCG, they are life-threatening in the automotive and pharmaceutical industry

The total auto after-market in 2018-19 grew by 9.6% to Rs 67,491 crore ($10 billion) from Rs 61,601 crore ($9 billion) in the previous fiscal. Counterfeit auto components account for 30-40% of the overall after-market for components in retail outlets.

Apart from sales loss, there are also lives lost. “A good 20% of all road accidents in India is attributed to counterfeit automotive parts and counterfeiting in the auto sector results in tax revenue loss of about Rs 2,200 crore to the government. more  

View all 11 comments Below 11 comments
In good old days, components manufactured by auto ancillary industries (other than the original ones) were abundantly in market and not that they were bad quality. Look at the scenario today, all the auto manufacturers are manufacturing components that are designed to last only for a shorter stipulated period and are highly priced as against earlier times thereby forcing you to change the expensive components periodically. As against this in the earlier times, components were mostly of good quality and used to last, at times, longer than the original ones at half the price. How there can be any tax evasion and why that cannot be checked? more  
Counterfeit products availability is one reason many Indian surviving.
One may have preference for original products,where as hundreds wish to have inexpensive spares,due to cost difference.
All garages fit only counterfeit parts as contract is given by a vehicle owner, on lump sum

Mr.dhinakaran's comment regarding automotive sector was largely expected ,because of large scale layoffs unemployment by many major sectors, lack of rewarding placements. Many,who bought vehicles,shelters and other luxury products,fails EMI remittances, thus,paving way for reduced production of all capital goods.

Coming days are more brim than what expected,hence,think thrice before spending. more  
The problem of counterfeit comes due to the fact that for genuine parts (including bought outs) the dealers charge high amounts as mandated by vehicle manufactures. Reasonable mark up will not only boost revenues of dealers/vehicle manufacturers but also kill the counterfeit market more  
Automobile industry is in the verge of collapse.And you say the govt needs 40000 crore from this ailing industry.Hope some sense prevails on this group of intelligentia. more  
I am sorry that we are the culprit because when you go for purchase of spares the shop keeper asks you what you want, we generally opt for the lowest quote spares secondly what ever has been discussed is right and we have to act swiftly to reduce the menace. more  
Post a Comment

Related Posts

    • More action against chinese apps

      Govt of India has blocked 43 more mobile apps from accessing by users in India, under section 69A of the Information Technology Act. Action taken based on inputs regarding these apps for engaging i...

      By Sarita Ravichandran
    • Winter will worsen Coronavirus

      A new study is investigating how the virus is transmitted between people throughout the year. Researchers said in most situations, respiratory droplets travel longer distances than the 6...

      By Vikram Gupta
    • Covid violations by airlines

      despite all the Covid guidelines and airlines claiming all protocols are being followed, most of them aren’t following social distancing norms while boarding and de-boarding. Also...

      By Aditi Mitra
    • Why big weddings:engagement events are a big NO

      Your Carelessness Can Kill Your Family Members. 55 people attended a wedding in Maine, USA when Covid cases were on decline; only ONE guest was COVID + Many caught it and brou...

      By Radha Puri
    • Useful insights from being a Covid attendant

      From someone I know. You all will likely find It useful too so sharing. Be safe and healthy everyone. Happy Diwali. While assisting Covid19 patient friend, realised, its not only chall...

      By Chitra Kumar
    • Big Basket has compromised your data

      It has been reported that the database of Big Basket Users is available for sale in a cyber crime market, being sold for over USD 40,000. The leak contains a database portion; with the table name ...

      By Sarita Ravichandran
    • In flight transmission is happening

      Researchers say a 7-hour international flight to Ireland this summer linked to 59 coronavirus cases About 13 of 49 passengers tested positive even though flight was only 17% full

      By Aditi Mitra
    • Risk in Flying

      I’d like to hear about experiences of all who have taken a flight in the last 5 months but i have a recommendation that I want circles and Localcircles to take up. Airlines need to mandatoril...

      By Sarita Ravichandran
    • 17 countries you can travel to

      International Flights: Now, Indians can travel to 17 countries. From Ukraine to India: Indian nationals in CIS countries (excluding Russia) All Overseas Citizen of India...

      By Sarita Ravichandran
    • MAD guide to a covid safe workplace

      In america some workplaces are implementing M.A.D (Mask, Air, Distancing) rules at workplace. Indian employees should adapt them as well. MASK - # 1 DO: Wear your ...

      By Shikha Chhabra
    • Brazen anti national.statements by Dr Farooq abdullah

      The open statement by the ex CM to seek Chinese help to abrogate article 370 from Indian union amounts to sedition . Sure people should be treated under the present laws specially when we a...

      By Anonymous Circle member
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)