The Automotive Component Manufacturers Association of India (ACMA), the apex body of the Indian auto component industry, has concluded three concurrent events, the ACMA EV Summit & Exhibition, the Auto Technology Partnership Summit & Expo (ATPSE) and i-Autoconnect, ACMA’s flagship reverse buyers & sellers.
The two-day event was held at the Greater Noida Expo Centre on 23rd and 24th March 2022.
A communication from ACMA said that the event witnessed a congregation of thought leaders, industry representatives and domestic component manufacturers from both the traditional and the EV sector.
Over 130 ACMA members, including 50 from the e-mobility segment, displayed their latest products and technologies. A sizeable number of international delegates from over 30 countries visited the event while business delegations from the UK, Spain, Israel, Russia and Bangladesh evinced keen interest in India made auto components. Besides, several business leaders from OEMs also visited the event.
The event was inaugurated by Sunjay Kapur, President, ACMA and Chairman, Sona Comstar, Dr Reji Mathai, Director, ARAI, Mahua Acharya, MD & CEO, Convergence Energy Services Limited, Shradha Suri, Vice-President, ACMA and Chairperson & Managing Director, Subros, Nishant Arya, Chairman – E Mobility, ACMA & Vice Chairman, JBM Group & Chairman, Linde-Wiemann GmbH and Vinnie Mehta, Director General ACMA.
Inaugurating the event,Kapur said,“The entire automotive industry is undergoing a paradigm shift as we transform into a mobility industry. The phenomenal increase in the sales of electric vehicles in India in the current financial year indicates that EVs have clearly caught the imagination of our people. Whilst the government policies have been very conducive towards adoption of EVs, however issues such as range anxiety, standardisation of battery chargers, acquisition cost of EVs and ease of financings also need to be addressed to create a conducive eco-system. Going forward, OEMs, the components manufacturers and start-ups will need to work closely together to co-create and develop products from an early stage. We will also need to invest heavily in green energy as it will be one of the biggest opportunities for the industry.”
Delivering his address, Dr Mathai said, “The government is bringing the best testing facility of the EV vehicles, creating robust charging infrastructure, fast charging options and standardisation in the battery system. In addition, our ecosystem will allow innovations and implementation of advanced technology in batteries of electric vehicles. We are also providing adequate support to the start-ups and MSMEs working in the EV space through various platforms. Government is also pushing for an accelerator program where new areas of development in the EV space can be supported.”
This is the first time in history when there has been so much optimism and engagement in the EV industry. The demand for EV in the last 18 months has been unprecedented, and to support the sector, the government is committed to working closely with ACMA, OEMs, and component suppliers, Acharya said.
Briefing about the event, Mehta said, “We are excited about the opportunities that lie ahead for the auto sector, both in the domestic and the external markets. ACMA is happy to provide a platform to the auto components industry to showcase progressive developments, research, and engineering excellence. We are excited to witness the rapid transformation in the auto component industry in India as it strives to stay relevant. We look forward to closely working with all the relevant stakeholders towards building a safer, cleaner, and a more technologically advanced automotive ecosystem in the country.”