"Now, it's time for the aftermarket's boom," said Naumann at the NextGen Auto International Summit China this week.

"And as China's aftermarket evolves dramatically, auto suppliers have to develop new aftermarket business models and strategies."

Held at the same time as the summit was the Automechanika Shanghai, an international exhibition of automotive parts, equipment and services.

This year saw the number of corporate participants in the annual exhibition from abroad increase by 33 percent from last year.

"As well as having our largest-ever turnout of exhibitors, we have attracted more country and regional pavilions than ever before, including a first-time pavilion from the United Kingdom," said Cao Jiansheng, senior general manager of Messe Frankfurt (HK) Ltd.

"The world's automobile industry will be restructured in the coming 10 to 15 years, and attention will move to Asia, especially China. China's stable economic growth, as well as the sound development of its automotive industry, hold out the promise that the industry's aftermarket will have a bright future."

Robert Bosch GmbH, a global supplier of automotive technology, displayed a range of automotive parts and professional diagnostics tools at the Automechanika Shanghai.

"With the recent opening of the first flagship Bosch Car Service workshop in Beijing and the new plant opening of Bosch Automotive Products (Nanjing) next year, Bosch is continuously investing in the Chinese automotive aftermarket to strengthen its competence," said Cheng Daniel-siu-wo, vice-president of Bosch Automotive Aftermarket China.

lifangfang@chinadaily.com.cn

 

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