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Automotive Product Finder Magazine | ACMA Automechanika: Driving the growth of aftermarket
ACMA Automechanika: Driving the growth of aftermarket
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The trade fair, where leading 580 auto component manufacturers from 13 countries, will propel the growth of Indian auto aftermarket by showcasing latest products and technologies.
Rising working population and growing middle class are giving a boost to the automotive industry in India, thus leading to increase in vehicle ownership (new and used vehicles) in semi-urban and rural markets. This in turn is driving demand for auto components and offers a huge opportunity for the aftermarket service providers.
Against this background, Messe Frankfurt and Automotive Component Manufacturers Association of India (ACMA) will host ACMA Automechanika New Delhi from February 14-16, 2019 with leading 580 auto component manufacturers from 13 countries showcasing their latest products. Organisers expect another record-breaking opening in 2019 and high engagement with buyers and sellers from across the world.
Giving a background of the event, Vinnie Mehta, Director General, ACMA, said, “ACMA Automechanika New Delhi is one of the key aftermarket shows in India. We are excited with the response we have received from the participants so far and are looking forward to a power packed event this year. The aftermarket in India grew by 9.8 per cent to Rs 61,601 crore ($ 9.2 billion) in 2017-18 from Rs 56, 096 ($ 8.4 billion) in 2016-17. We are hoping for a highly engaging event with buyers and sellers from across the world.”
Participation of leading aftermarket manufacturers such as Mansons International Pvt Ltd, Minda Distribution and Services Ltd, Ample Auto Tech Pvt Ltd, Elofic Industries Ltd, Him Teknoforge Ltd, Bosch Ltd, Silver Muller Rubber Ltd, Liqui Moly Gmbh among others, shows the 2019 edition will break all records of 2017.
Raj Manek, Executive Director and Board Member of Messe Frankfurt Asia Holding Ltd, said, “The automotive market is witnessing rapid technological transformation. In tune, regulatory changes in India are also redefining the domestic aftermarket. As organisers, we strive to bring these transformative technologies to the show floor and are looking forward to yet another record-breaking opening in 2019.” The 2019 edition, will be spread across 11 halls, 19,500 sq m showcasing an array of automotive parts & components, electronics & systems, accessories & customizing, repair & maintenance, management & digital solutions and car wash, care & reconditioning of trusted aftermarket brands from over 580 exhibitors fwrom 13 countries. Bringing in the right mix of international expertise, the fourth edition will host contingents from Belgium, China, Dubai, Germany, Hong Kong, Italy, Japan, Korea, Lithuania, Taiwan, the UAE, the U.K. and the USA who will represent the show’s stronger attention on digital automotive innovations and advancements.
That apart, leading trade bodies including All India Automobile Workshops Association, Federation of All India Auto Parts Dealers’ Associations in India, ASA – Federal Association of the Manufacturers and Importers of Automobile Service Equipment (Germany) ZDK – German Federation for Motor Trades and Repairs (Germany) have extended their support to ACMA Automechanika New Delhi. The event will also witness seminars and convergence of association members on all show days. In addition, the organisers are planning an industry conference, which aims to cover themes underpinned on Indian automotive market developments.
Staying competitive with innovation
The highlight and focal point of ACMA Automechanika seminar would be the session themed ‘Indian auto component industry: Staying competitive with innovation and business transformation’. Siemens is the official Knowledge Partner for ACMA Automechanika seminar 2019 and has contributed in developing the content for this session, which would talk about the vast opportunities ahead of the Indian auto component industry to widen its horizon, invest in technology, upgrade and equip itself a ‘Strategic OEM Supplier’ and grow beyond being an ‘aftermarket’ supplier with the traditional ‘build-to-print’ approach, that it has typically been for decades.
“The automotive component industry in India is making significant progress in the adoption of Industry 4.0 and there is great potential to take this sector a step ahead. With digitalization, manufacturing enterprises, especially those in the SMEs can enhance their efficiency to fight scale, reduce cost of production, minimise manufacturing defects, and shorten production time. With this, they can not only meet international quality standards but also strengthen their position as competent suppliers for the global market,” said Ashish Bhat, Executive Vice President and Head, Digital Factory, Siemens India.
Innovation and product development/improvement hold the key to tap the biggest growth opportunities in the future. Implementing Industry 4.0 (digitization of manufacturing operations), investing in technologies such as PLM (Product Lifecycle Management), simulation, etc therefore would be the crucial differentiators in making companies globally competitive to cater to the emerging needs of next generation automobiles in wake of the E-vehicles revolution and ‘connected mobility’ megatrend.
Insights from big data analytics and application of AI (Artificial Intelligence) have a huge role to play not only in manufacturing and product development, but also in context of the huge global Auto-components aftermarket and OEM supply, towards achieving a streamlined supply chain and secure distribution network all over the world.
Highlights of the seminar are:
Decoding Industry 4.0: This presentation would simplify Industry 4.0 and digitization of manufacturing operations, its advantages and an overview of what all it entails for a company to implement Industry 4.0.
Leveraging IIoT - Artificial intelligence through data insights / analytics: It will elaborate on improvements in manufacturing and operational excellence enabled by the sense made from data- the insights derived from ‘big data’, applied into machine learning, artificial intelligence etc.
System integration, simulation: ‘IoTization’ of existing machines, connecting and turning ‘dumb’ machines and systems into ‘talking/interacting’ ones is the first step of ‘system integration’.
Panel discussion - Roadmap for Industry 4.0: This panel discussion helps companies chart their own vision and roadmap to implement Industry 4.0 within their own manufacturing operations.
Investment opportunities in Punjab
As the Partner State at ACMA Automechanika Seminar 2019, Invest Punjab, the investment promotion agency and unified regulator of the Government of Punjab, would make a presentation on the vast opportunities the state offers to the automotive industry to set up manufacturing base in the state. In a message to the delegates and visitors at the upcoming event, Rajat Agarwal, Chief Executive Officer, Invest Punjab, said, "Punjab recognises the potential of innovation and new-age technologies in improving lives of citizens. We are developing a state of art Hi-Tech Valley at Ludhiana to make it a hub of mobility sector with special emphasis on E-vehicles. At Automechanika, Invest Punjab welcomes the industry to partner in the growth story of New Punjab."
With a strategic location and proximity to the existing automotive industry clusters of northern India, a robust infrastructure, competitive costs, most peaceful labor, ease of doing business and attractive package of fiscal benefits like GST reimbursement in Inter & Inter State sale both, along with presence of a mature and well established larger industrial/MSME ecosystem of 1.6 Lakh Units, availability of abundant skilled manpower and high quality of life, Punjab certainly offers a distinct advantage.
Indian auto aftermarket: Fast tracking the growth
The seminar will throw light on the fact that constant improvement and getting more organised would be key to the growth of the Indian aftermarket and bring it at par with world’s more mature aftermarkets. This would require being aligned with global best practices and major changes, streamlining the distribution and supply chain, and quite importantly having better marketing and promotion in the aftermarket which is focused at better product knowledge, gaining customer loyalty etc rather than just schemes, incentives and freebies. Fight against counterfeits needs to be continued, which remains a major factor for loss of revenue as well as brand credibility.
The automotive market is witnessing rapid technological transformation. As organisers, we strive to bring these transformative technologies to the show floor and are looking forward to yet another record-breaking opening in 2019.
- Raj Manek,,Executive Director and Board Member of Messe Frankfurt Asia Holding Ltd
The automotive component industry in India is making significant progress in the adoption of Industry 4.0 and there is great potential to take this sector a step ahead.
- Ashish Bhat, Executive VP and Head, Digital Factory, Siemens India
Punjab recognises the potential of innovation and new-age technologies in improving lives of citizens. At Automechanika, Invest Punjab welcomes the industry to partner in the growth story of New Punjab.
- Rajat Agarwal,CEO, Invest Punjab
Automotive Component Manufacturers Association
ACMA Automechanika Seminar 2019
Product Lifecycle Management
Messe Frankfurt Asia Holding Ltd
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