Customers have started to move towards larger/more powerful vehicles across all segments: ACMA Automechanika New Delhi

ACMA Automechanika New Delhi will kick off on February 1, 2024

Autocar Pro News Desk By Autocar Pro News Desk calendar 03 Apr 2023 Views icon4138 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Customers have started to move towards larger/more powerful vehicles across all segments: ACMA Automechanika New Delhi

Private and commercial vehicle production in 2022 increased by nearly 20 percent and roughly 30 percent respectively, on increased demand and fewer supply chain disruptions as compared to FY21. That’s the word coming in from the Auto Components Industry Review by ACMA, which adds that consumers have started to move towards more powerful vehicles across all segments.

ACMA Automechanika New Delhi will kick off on February 1, 2024 bringing the latest aftermarket advancements in the auto components industry. The three-day event will witness the who’s who of the automotive industry converging at Pragati Maidan, New Delhi to take advantage of endless business opportunities presented, make connections, and build new relationships.

Vinnie Mehta, Director General, ACMA said, “Growing demand for long-distance travel and crossover vehicles further 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 US$ 700 million for auto components demonstrating 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 automotive sector and rising vehicle ownership in rural markets of new and used vehicles are driving demand for aftermarket auto components in India. The auto-components industry has grown 23 percent year on year, on the back of strong export performance & replacement market growth. India is the third largest car manufacturer globally and an emerging global hub for automotive component sourcing and manufacturing.

Raj Manek, Executive Director & Board Member, Messe Frankfurt Asia Holdings 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. With a focus on sustainability, digitalization, and electrification, the fifth edition of the trade fair, will be an ideal showcase of the fast-evolving Indian aftermarket.”

https://ssl.gstatic.com/ui/v1/icons/mail/images/cleardot.gifHeading for its 5th edition, ACMA Automechanika New Delhi will continue to play a key role in the overall development of the mobility and logistics industries. The three-day trade fair will witness fringe programmes including knowledge sessions like conferences and panel discussions, association meetups, live demonstrations, and much more.

The Automechanika brand is recognised as one of the most influential events for the aftermarket business globally. ACMA Automechanika New Delhi is one of 14 Automechanika fairs held across Europe, Asia the Americas, and Africa.

RELATED ARTICLES
Hyundai to launch Creta EV in Q4 FY25, mass market model in offing

auther Autocar Pro News Desk calendar15 Jun 2024

Hyundai India plans to launch four electric vehicles, adopting a top-down approach. "We plan to transition towards the m...

Hyundai paid Rs 787.2 crore to GM for Talegaon plant; Expects to start operations in H2 of FY26

auther Autocar Pro News Desk calendar15 Jun 2024

Once the Talegaon facility is partly operational, Hyundai India’s total annual production capacity in India will increas...

Hyundai leads the race on profit margins versus Maruti Suzuki, Tata Motors

auther Autocar Pro News Desk calendar15 Jun 2024

In recent years, Hyundai India has maintained an impressive double-digit operating profit margin, consistently outperfor...