AISIN shared its plans for the future of its global aftermarket segment during AAPEX 2024. In their discussions, the company discussed their goal of becoming a total parts and service provider and introduced a new Americas-focused aftermarket company: AISIN Aftermarket & Service of America, Inc.
This new company will form through a merger between AWTEC—an AISIN company focused on transmission remanufacturing—and the aftermarket division of AISIN World Corp. of America (AWA).
To meet customer needs globally, AISIN is expanding its product lines in various regions, focusing on being a one-stop shop for automotive parts. Until now, AISIN's aftermarket products have been limited to in-house brands. Going forward, AISIN will grow its inventory and become a universal service provider of parts for the automotive aftermarket. They hope that new additions will complement and enhance their current lineup which includes cooling systems, drivetrain products, steering and suspension, chemicals and fluids, and more. AISIN will also look to source maintenance-related items to bolster its portfolio.
"This evolution in the way we do business in the global aftermarket will transform the experience for our customers, giving them access to a wider variety of parts and more comprehensive service offerings,” said AWA President and CEO, Scott Turpin. “There are many exciting developments underway at AISIN.”
The AISIN Aftermarket business currently has 36 locations in 17 countries; each region will determine which parts best serve their respective customers.
"AISIN first began serving the automotive aftermarket in the 1970s. Since then, our product lineup has steadily grown to meet customer demand,” said Masahiro Shiiya, president of AISIN Corporation’s Global Aftermarket company. “What we’re seeing in today’s market is an opportunity to evolve – to leverage our comprehensive strengths and global network to further support the global automotive community.”
AISIN Aftermarket & Service of America, Inc. is set to operate as a stand-alone company focused on both the aftermarket sales business and the growing remanufactured product business. The restructuring is planned to be completed in April 2025.
With its creation, AISIN leadership will expand its manufacturing capabilities for service parts, leveraging and uniting the combined expertise of AWTEC and AWA Aftermarket Sales. Operations will also be streamlined and optimized to increase efficiencies and better position the aftermarket team for growth.
“Agility has become key to success in the aftermarket business and this merger makes us more nimble and more flexible,” said AWA Senior Vice President of Aftermarket Sales, Dwayne Bates. “Beyond opening doors to more opportunities and strengthening our alignment internally, the restructure should be seamless to our customers and suppliers.”
Turpin, Bates, and General Manager Tomoyuki Furuta are on the leadership team for AISIN Aftermarket & Service of America, Inc.. Jobs and facilities are not expected to be impacted as a result of the spin-off. Beyond servicing North America, the new company will work with AISIN Sales Latina America (ASLA)—wholly-owned through AWA following the recent acquisition of business assets of strategic partner, Leon Import in South America.
