India’s automotive aftermarket is preparing for the increasing demand for innovative and long-lasting solutions in the wake of rapid vehicle growth and new launches.
Consumers are gravitating towards larger and more powerful vehicles in all segments, prompting the industry to adapt accordingly. ACMA’s Auto Components Industry Review reveals that private and commercial vehicle production rose by approximately 20 percent and 30 percent respectively in 2022 due to greater demand and fewer supply chain disruptions compared to the previous fiscal year.
ACMA Automechanika New Delhi is scheduled to make a comeback on February 1, 2024, showcasing the latest aftermarket developments in the auto components industry. The three-day event, to be held at Pragati Maidan in New Delhi, will bring together the leading figures of the automotive industry to leverage the abundant business prospects, establish connections, and foster new relationships.
“Growing demand for long-distance travel and crossover vehicles further raises the need for regular maintenance and vehicle parts replacements,” said Vinnie Mehta, Director General, ACMA. “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 thriving automotive sector and increasing vehicle ownership in rural areas for both new and used vehicles are fueling the demand for aftermarket auto components in India. Strong exports performance and growth in the replacement market have contributed to a year-on-year growth of 23% in the auto-components industry. India’s automotive industry has made steady progress over the past decade, catching the attention of the world’s leading manufacturers of vehicles and components. As the third largest car manufacturer globally and an emerging hub for automotive component sourcing and manufacturing, India is rapidly gaining prominence in the global automotive arena.
“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,” said Raj Manek, Executive Director & Board Member, Messe Frankfurt Asia Holdings Ltd. “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.”
As it gears up for its fifth edition, ACMA Automechanika New Delhi will remain an integral player in the progress of the mobility and logistics sectors. In addition to the three-day trade fair, there will be a range of fringe programs featuring informative sessions such as conferences and panel discussions, association meetups, live demonstrations, and other engaging events.
The Automechanika brand is recognized 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.
For the latest news and information on the global automotive aftermarket industry, visit https://aftermarketintel.com. Do you have news? Contact Aftermarket Intel Editor Mark Phillips at firstname.lastname@example.org. He’s on LinkedIn here.
Is your company exhibiting at an upcoming show? Let us know!