ACMA Basks In Success Of Automechanika 2024

Abhijeet Singh
09 Feb 2024
08:00 AM
2 Min Read

Eyeing USD 35 billion in exports, becoming a part of Bharat Mobility Global Expo 2024 has further empowered the Indian automotive component industry.

ACMA Basks In Success Of Automechanika 2024 mobility outlook

The recently concluded ACMA Automechanika 2024, held in collaboration with Messe Frankfurt and as part of Bharat Mobility Global Expo, has emerged as a monumental success, setting the stage for India's automotive aftermarket to shine on the global map. The event, inaugurated by the Indian Prime Minister Narendra Modi himself, witnessed a footfall in excess of 35,000 business visitors, solidifying its position as a comprehensive platform for the entire mobility ecosystem.

Expressing her joy as she spoke to Mobility Outlook, Shradha Suri Marwah, the President of Automotive Component Manufacturers Association (ACMA) praised how the PM highlighted the attention required for sustainable manufacturing and alternative fuels. “PM Modi underlined how the rapid adoption of EVs has been a collective push by all the stakeholders in the automotive ecosystem, and will continue to be supported by Government policies. Also his views on circular economy are very much needed for the current industry situation in India. This symbiotic partnership between Bharat Mobility and Automechanika is only going to get bigger with even the telecom industry indicating its interest in participating from next year” she stated.

Further adding to the success was the Minister of Commerce & Industry, Piyush Goyal, announcing that the event would become an annual show, further solidifying its significance in the automotive industry calendar.

At a Glance:

Footfall: 35,000 business visitors

Exhibitors: 500+ from 12+ global markets

Products Showcased: Over 10,000 aftermarket solutions

Product Categories: 1500+ across 10 segments

Showcasing the technological capabilities and innovations of the Indian automotive industry, the event featured a diverse range of aftermarket solutions for two-wheelers, passenger vehicles, commercial vehicles, and agricultural vehicles.

An ACMA-EY study highlighted the immense potential of the Indian automotive aftermarket, estimating it to reach USD 14 billion by 2028. The global aftermarket presents over USD 35 billion in export opportunities.

Vinnie Mehta, the Director General of ACMA, also shared his insights, noting that the event exemplifies the transformation underway in the automotive industry towards a mobility-centric ecosystem. “As the complexity of components increases with the widespread shift towards Software Defined Vehicles, the Indian industry is in a sweet spot in the global market, propelled by robust macroeconomic fundamentals and cost-effective engineering solutions. This is also backed by a wave of capable software engineers being trained for cutting-edge products for the domestic and global markets” he mentioned as he spoke to us.

Dedicated country pavilions from automotive powerhouses such as Germany, Korea, Taiwan, and Thailand added an international flavour, allowing attendees to engage with cutting-edge innovations and forge partnerships with global industry leaders.

The collaboration between industry stakeholders, government bodies, and global players showcases the resilience and innovation within India's automotive ecosystem. The event's success echoes a promising future for India's automotive aftermarket, projecting substantial growth and export opportunities on the global stage.

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