Life Care News
A Hope Of True Information

- Advertisement -

A gateway to tap into the fast evolving Indian automotive aftermarket

99

With the rapid growth in vehicles and new launches on the rise, India’s automotive aftermarket is gearing up with solutions that are both innovative and enduring. Customers have started to move towards larger/more powerful vehicles across all segments. According to the Auto Components Industry Review by ACMA, private and commercial vehicles production in 2022 increased by ~20% and ~30% respectively due to increased demand and fewer supply chain disruptions as compare to FY21.

Set to return in 2024, ACMA Automechanika New Delhi will kick off on 1 February 2024 bringing the latest aftermarket advancements in the auto components industry. The three-day event will witness the who’s who of the automotive industry converging at Pragati Maidan, New Delhi to take advantage of endless business opportunities presented, make connections and build new relationships.

- Advertisement -

Mr Vinnie Mehta, Director General, ACMA said: “Growing demand for long-distance travel and crossover vehicles further raises the need for regular maintenance and vehicle parts replacements. India’s automotive market has a strong growth potential, resulting in increased demand for automotive parts. The country has also witnessed the rise of new entrants in the mobility space. India had a trade surplus of 700 Mn USD for auto components demonstrating a strong demand for exports. The mega event will serve as a hub for networking and collaboration, both locally and globally, as well as a platform for discussing key issues and trends in the industry.”

The vibrant automotive sector and rising vehicle ownership in rural markets of new and used vehicles are driving demand for aftermarket auto components in India. The auto-components industry has grown 23% y-o-y on the back of strong exports performance & replacement market growth. The steady progress in India’s automotive industry has caught the attention and focus of the world’s leading manufacturers of vehicles and components over the last decade. India is the third largest car manufacturer globally and an emerging global hub for automotive component sourcing and manufacturing.

- Advertisement -

Mr Raj Manek, Executive Director & Board Member, Messe Frankfurt Asia Holdings Ltd said: “With India emerging as a key global market for automobiles and auto components, ACMA Automechanika New Delhi 2024 will provide a unique opportunity for industry stakeholders to come together and showcase the latest technologies & solutions for the aftermarket. Mutual collaboration within the industry is important now more than ever and ACMA Automechanika New Delhi will be the convergence point to take these discussions ahead and enhancing business networking and overall exhibition experience for the industry. With focus on sustainability, digitalisation, and electrification, the fifth edition of the trade fair, will be an ideal showcase of the fast-evolving Indian aftermarket.”

Heading for its 5th edition, ACMA Automechanika New Delhi will continue to play a key role in overall development of the mobility and logistics industries. The three-day trade fair will witness fringe programmes including knowledge sessions like conferences and panel discussions, association meetups, live demonstrations and much more.

The Automechanika brand is recognised as one of the most influential events for the aftermarket business globally and ACMA Automechanika New Delhi is one of 14 Automechanika fairs held across Europe, Asia the Americas and Africas. For further information about these fairs, please visit www.automechanika.com

Press information and photographic material:

www.acma-automechanika.in

Background information on Messe Frankfurt

The Messe Frankfurt Group is one of the world’s leading trade fair, congress and event organisers with their own exhibition grounds. With a workforce of some 2,200* people at its headquarters in Frankfurt am Main and in 28 subsidiaries, it organises events around the world. Group sales in financial year 2022 were around €450 million*. We serve our customers’ business interests efficiently within the framework of our Fairs & Events, Locations and Services business fields. One of Messe Frankfurt’s key strengths is its powerful and closely-knit global sales network, which covers around 180 countries in all regions of the world. Our comprehensive range of services – both onsite and online – ensures that customers worldwide enjoy consistently high quality and flexibility when planning, organising and running their events. We are using our digital expertise to develop new business models. The wide range of services includes renting exhibition grounds, trade fair construction and marketing, personnel and food services.

Sustainability is a central pillar of our corporate strategy. Here, we strike a healthy balance between ecological and economic interests, social responsibility and diversity.

For more information, please visit our website at: www.messefrankfurt.com/sustainability

With its headquarters in Frankfurt am Main, the company is owned by the City of Frankfurt (60 percent) and the State of Hesse (40 percent).

For more information, please visit our website at: www.messefrankfurt.com

* Preliminary figures for 2022

Background information on Automotive Component Manufacturers Association of India (ACMA)

The Automotive Component Manufacturers Association of India (ACMA) is the apex body representing the interest of the Indian Auto Component Industry. Its membership of over 800 manufacturers contributes more than 90% of the auto component industry’s turnover in the organised sector. ACMA is an ISO 9001:2015 Certified Association.

Get real time updates directly on you device, subscribe now.