The Automotive Component Manufacturers Association of India (ACMA) has announced that the fifth edition of the Automechanika is set to begin from February 1, 2024, at Pragati Maidan, New Delhi.
A press release from ACMA noted that Automechanika will continue to play a key role in the overall development of the mobility and logistics industries, focusing on sustainability, digitalisation, and electrification. The three-day trade fair will witness fringe programmes, including knowledge sessions like conferences and panel discussions, association meetups, live demonstrations, and more.
Vinnie Mehta, Director General, ACMA, said that the mega event will serve as a hub for networking and collaboration, both locally and globally, and a platform for discussing key issues and trends in the industry.
India being the third largest car manufacturer globally and an emerging global hub for automotive component sourcing and manufacturing, the auto-components industry has grown 23% YoY on the back of strong export performance and replacement market growth, the release added.
Raj Manek, Executive Director and Board Member, Messe Frankfurt Asia, 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 enhance business networking and overall exhibition experience for the industry, he added.
According to the Auto Components Industry Review by ACMA, private and commercial vehicle production in 2022 increased by 20% and 30% due to increased demand and fewer supply chain disruptions compared to FY21.
Mehta noted that the growing demand for long-distance travel and crossover vehicles raises the need for regular maintenance and vehicle parts replacements.
India’s automotive market has 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 million for auto components demonstrating strong demand for exports, he added.
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