ACMA hosts first-ever buyer-seller meet in Argentina

In a bid to capitalise on significant business opportunities in with Argentina, the Automotive Component Manufacturers Association of India (ACMA), with the support of the Ministry of Commerce & Industry, the government of India, the Indian Embassy Buenos Aires, Asociación de Fábricas Argentinas de Componentes (AFAC), Federación Argentina de Camaras de Comerciantes en Respuestos del Automotor (FACCERA) and Cámara de Importadores de la República Argentina (CIRA), has organised its first ever buyers-sellers meet at Hotel Emperador, Liberatodor in Buenos Aires, Argentina today.

The event sees 24 leading Indian auto component manufacturers displaying their expansive range of products comprising body and structure parts, engine and exhaust, suspension and braking, transmission and steering, electrical and electronics and rubber products which are developed under stringent quality norms.

Speaking on the potential of the event, Vinnie Mehta, director general, ACMA, said, “Argentina is the third most populated country in South America having 13.6 million vehicles with the aftermarket estimated at US$ 2.5 billion in 2015. This offers a significant upside opportunity to Indian auto component manufacturers to service the growing vehicle fleet and aftermarket demand. Events of such stature will help the participating Indian auto component manufacturers to showcase their growing technical capabilities and develop business linkages with OEMs, component dealers, distributors, retailers and other stakeholders.”