India’s biggest automotive aftermarket trade fair – ACMA Automechanika New Delhi 2019 – which opened yesterday at Pragati Maidan is making waves with its expansive display of innovative genuine products from over 500 exhibitors.
Industry leaders and insightful seminars focussing on market opportunities and Industry 4.0, all under one roof, are keeping exhibitors and business visitors focussed on sourcing, networking and gaining knowledge at this one-stop shop for things aftermarket.
The four-day show was inaugurated by Mrs Leena Nandan, Additional Secretary, Ministry of Road Transport & Highways, Government of India. Emphasising on vehicular safety, she said, “I congratulate the organisers of ACMA Automechanika New Delhi 2019 for putting up an encouraging show targeting the Indian aftermarket industry. It is overwhelming to witness that the organisers have brought an underligning message on safety with the ongoing exhibition. The Government is concerned on the number of road accidents and has initiated a three ‘E’ safety policy primarily including Engineering, Education and Enforcement. The government is also closely working with industry body on introducing Standards for aftermarket parts to help address the counterfeit market leading to road fatalities and injuries”.
Looking at the zeal and enthusiasm on the showfloor, Raj Manek, Executive Director and Board Member, Messe Frankfurt Asia Holding Ltd. shared: “India is slated to become one of the most significant shareholders in the global automotive industry. With notable strides with every edition, ACMA Automechanika New Delhi has become synonymous with ‘genuineness’. The show, once again, has successfully attracted the automotive market leaders from all around the globe, reinforcing our commitment to promote genuine and quality products.”
The leading trade fair for premium auto components and solutions for the automotive aftermarket was inaugurated by distinguished members from the industry including Ram Venkataramani, President, ACMA; Deepak Jain, Vice President, ACMA; Vinnie Mehta, Director General, ACMA; Olaf Musshof, Director, Automechanika Frankfurt and Michael Dehn, General Manager – Sales & Marketing, Messe Frankfurt Trade Fairs India.
Autocar Professional, the media partner to the biennial trade fair, is producing a daily newsletter for ACMA Automechanika New Delhi. If you are at Pragati Maidan, make sure you get yourself a copy.
Indian aftermarket projected to grow to Rs 98,000 crore by FY2023
The Indian automotive aftermarket, estimated at Rs 70,000 crore in 2018-19, is projected to grow at a CAGR of 8.5% for the next few years and register Rs 98,000 crore by FY2023. The key growth drivers for the Indian aftermarket include the sizeable vehicle parc in the country and growing; enhanced average life of vehicles with improvement in road infrastructure and enhanced sourcing of components by global auto giants.
Commenting on the future trends in the aftermarket industry, Ram Venkataramani, President, ACMA said, “The future vehicles will become more complex and challenging for the aftermarket industry. With the increasing electronic content, penetration of IoT (Internet of Things), DMS (Dealer Management Services) and self-diagnosis through online guides and shift to online consumer behavior will accelerate the change in the industry. It is therefore imperative for the manufacturers, local garages, technicians and the mechanics to upskill and remain above the curve.
The event also saw the unveiling of ACMA’s Buyers Guide 2019, the much sought after compendium with details of Indian Auto Component Manufacturers.
Latest advancements from top players on display
With 15 foreign contingents showcasing their best technologies, ACMA Automechanika is hosting four international pavilions from China, Korea, Taiwan and the U.K. It is also displaying a gamut of innovations and live demonstrations from leading companies and brands. Airboss Air Tools, Herrmann-Lack-Technik GmbH, Mato Industries, Oetiker India, Atek, Yaman Engitech, and Silkaans Electrical Manufacturing Company are some of the companies launching products and displaying latest advancements.
Other notable companies displaying their products include Mansons International, ACDelco India, Ample Auto Tech, Bosch, Liqui Moly, Delphi Automotive Systems, Elofic Industries, Aisin Seiki Co, Minda Distribution and Services, Him Teknoforge, Bosch, Valeo India and ZF India among others.
Seminars on February 15
An interesting knowledge forum is also lined up alongside the show on 15 February 2019 that would touch on important and pertinent topics related to the industry. The session is themed ‘Indian auto component industry – Staying competitive with innovation and business transformation’ with Siemens being the official knowledge partner for the seminar. The one-day seminar will throw light on the involvement of digitalisation for smoother operations, insights from big data analytics and use of artificial intelligence. Some of the areas covered by the seminar are, Indian automotive aftermarket – fast tracking the growth, Indian auto component industry – staying competitive with innovation and business transformation and a panel discussion on the roadmap for industry 4.0.
Adding to the series of seminars, a conference along with International Purchasing Office (IPOs) Forum on ‘Aftermarket Global Trends and Opportunities’ at Hotel Shangri-La, New Delhi is also being hosted on 15 February 2019. The conference aims at shedding light on the sourcing strategies of global OEMs for aftermarket as also aftermarket opportunities in US, Latin America, Europe and Africa. Post the fair, the IPOs will be visiting ACMA Automechanika New Delhi for key meetings lined up at the show.
Automechanika around the globe is known for fostering genuine products for business with its initiative ‘Messe Frankfurt against Copying’. With the help of ACMA’s initiative called Safer Drives, the organisers together will campaign against counterfeiting in the industry and promote the use of genuine products.
Further, a conference by the All India Automobile Workshops Association (AIAWA) is also scheduled during the show.