The Automotive Component Manufacturers Association (ACMA), the apex body of the Indian auto component industry, Confederation of Indian Industry (CII) and the Society of Indian Automobile Manufacturers today announced the 15th edition of Auto Expo 2020 components, themed ‘Technovation - Discover Innovations for Future’. At display will be the latest technology and innovations in the spheres of BSVI and emissions, safety, e-mobility, start-ups, among others.
The event is scheduled from February 6-9, 2020 at Pragati Maidan in New Delhi, the Auto Expo 2020 — Components will take a lead on advanced solutions, displaying a wide-range of products across segments. ACMA says that over 1,500 companies will exhibit their products and solutions with 400 international exhibitors from 20 countries expecting 100,000 plus business visitors. The biennial event is spread across 56,000 sq metres, and will showcase special pavilions on Future Mobility, Bearings and Garage Equipment. A distinct pavilion reflecting the theme of the event ‘Technovation’ will focus on start-ups, EV components and innovations. That apart, the state of Andhra Pradesh will display its investment attractiveness in a special pavilion.
Commenting on the upcoming Expo, Deepak Jain, president, ACMA said: “This year’s theme, ‘Technovation: Discover Innovations for Future’ has been adopted to steer the industry forward, instil a positive sentiment, showcase the best technological prowess while providing more opportunities for growth. Beside showcasing the traditional components, the expo will give companies an opportunity to highlight their preparedness for future mobility. We are therefore, looking forward to this edition which will be monumental in shaping the future trajectory of the industry by focussing on our collective strength and capabilities.”
Vinnie Mehta, director general, ACMA said: “We all are excited at the prospects of the Auto Expo 2020-Components as it brings the spotlight on advanced technologies in the auto component space. Despite the fact that the industry is facing challenges due to a prolonged slowdown, we are glad that we have 25 percent more exhibitors than the previous edition. It clearly reflects the resilience and determination of the auto components industry. Our members recognise the importance of this platform as it holds the key to future opportunities and industry’s brand equity.”
The Component Show 2020 expo is said to be one of the biggest shows of the year and will have several value-added conferences and discussions on pertinent subjects. While leadership from most OEMs have confirmed to visit the event, ACMA will also host a special forum which will bring together IPOs of various international OEMs, facilitating exports and forging international relationships.
At present, the Indian auto component industry is estimated to be around $57 billion (Rs 406,182 crore), contributing 2.3 percent to India’s GDP. It is expected that the auto component sector will contribute around $200 billion (Rs 1,425,200 crore) to the GDP by 2025, playing a significant role in achieving the $5 trillion (Rs 35,630,000 crore) economy as envisioned by the government.
Also read: ACMA's Vinnie Mehta: ‘We have one of the highest exhibitor responses this year, despite the downturn.’