ACMA Automechanika New Delhi, to be held at Pragati Maidan from 26 February 2015 to 1 March 2015, will be an important destination for the automotive component and aftermarket professionals.
The automobile industry is one of India's most vibrant and growing industries. This industry accounts for 22 per cent of the country's manufacturing gross domestic product (GDP). The auto sector is one of the biggest job creators, both directly and indirectly. It is estimated that every job created in an auto company leads to 3-5 indirect ancillary jobs. India's domestic market and its growth potential have been a big attraction for many global automakers. India is presently the world's third largest exporter of two-wheelers after China and Japan. According to a report by Standard Chartered Bank, India is likely to overtake Thailand in global auto-export market share by the year 2020. The next few years are projected to show solid but cautious growth due to improved affordability, rising incomes and untapped markets. With the government's backing, and trends in the international scenario such as the decline in prices of natural rubber, the Indian automobile industry is slated to witness some major growth.
Currently estimated at US $39.7 billion, the turnover from India's auto component industry has seen a slight slowdown compared to previous years. However, looking at a much brighter future, the Automotive Component Manufacturers Association of India (ACMA) has estimated the turnover to reach US $66 billion by 2015-16, moving at a CAGR of 16 per cent. In addition to this, the cumulative foreign direct investment (FDI) inflows into the Indian automobile industry were recorded at US $9.07 billion by the Department of Industrial Policy and Promotion (DIPP). Against this backdrop, ACMA Automechanika New Delhi will act as the perfect platform for bringing together the automotive industry under one roof.
Automechanika, which started as a single trade fair in Frankfurt in 1971, has now become one of the most successful trade fair brands throughout the world. Today, Automechanika shows take place at 13 different locations on four continents. The Automechanika presents the entire process chain in the automotive aftermarket, from point-of-sale, via services, to recycling and waste disposal.
India is a growth market, especially in the automobile sector. So it is hardly surprising that an Automechanika fair is also now a regular fixture in India. To this end, Messe Frankfurt has reached an agreement with another important partner outside Germany, ACMA - Automotive Component Manufacturers Association of India, the nodal agency for the Indian Auto Component Industry - and, from 2013 the two companies are holding the Automechanika event in India, as a biennial trade fair.
The first edition of ACMA Automechanika New Delhi opened doors from 7 to 10 February 2013 and offered exhibitors and visitors access to one of the world's most interesting markets. The maiden show witnessed 8,096 visitors, including trade professionals, distributors and end-users from 58 countries and regions, as well as 256 exhibiting companies. Of the participating brands, 67 per cent stated that they would definitely participate in the next edition, while 22 per cent ranked ACMA Automechanika New Delhi as the number one trade fair for the country's Automotive Industry.
The second edition of ACMA Automechanika New Delhi is scheduled to be held from February 26 to 1 March, 2015 at Pragati Maidan trade grounds in New Delhi. ACMA Automechanika New Delhi will be an important destination for the automotive component and aftermarket professionals to identify and differentiate between genuine and counterfeit products, make new connections, understand product developments and move forward with better business prospects.
Commenting on the second edition of the fair, Raj Manek, Managing Director, Messe Frankfurt Trade Fairs India stated: "After the very encouraging feedback from the first edition of ACMA Automechanika New Delhi, we are more than pleased to announce that the second edition of the trade fair will be bigger than the last with the addition of two more halls. The show will once again prove to be a successful business platform for stakeholders in the automotive aftermarket."
As vehicle manufacturers rapidly embrace safety standards, battling the burgeoning counterfeit business has become even more important. Concerned with the growing number of spurious auto parts, roughly estimated to be 36 per cent of the automotive aftermarket in India, ACMA together with Messe Frankfurt has taken a strong initiative to address the rising concerns on counterfeit products sold in the replacement market at the second edition of ACMA Automechanika New Delhi.
"The recent thrust by the government on vehicular safety is indeed very critical towards the future development of Indian automotive industry and aftermarket. Mobilising participation from the biggest players of auto parts and components, ACMA Automechanika New Delhi will present a reliable platform to source aftermarket products, apart from educating the industry and consumers through Messe Frankfurt's global initiative 'Messe Frankfurt Against Copying', ACMA's 'Asli Naqli campaign' and the various conferences at the trade fair," said Manek.
With increased focus on safety, it is crucial for automotive sector professionals to be fully informed about the genuineness of auto parts. Bringing some of the most prominent names in the automotive industry together, ACMA Automechanika New Delhi 2015 will be the leading platform in India to source and gain insights into the new aftermarket products available in the market and understand the process of registration and assertion of intellectual property rights, something that is also imprtant given the export potential.
Some of the most critical auto parts required for safe operation of vehicles are among the most commonly counterfeited products available in the market with grave implications with respect to public safety and revenue losses to the government. These losses stood at around Rs 2,200 crore per annum to the exchequer in 2011. Commenting on the importance of the show to the automotive industry, Vinnie Mehta, Director General of ACMA, said: "A strong effort to combat counterfeiting starting with helping the sector to evolve into an organised one, ensuring genuine-product availability by deepening the distribution chain and devising strategies to bridge the price gap is the need of the hour. With the purpose to connect aftermarket players with auto component manufacturers at ACMA Automechanika New Delhi, this professional platform will add to ACMA's efforts in bringing about the necessary change in the aftermarket practices."
Leading players in the auto component and vehicle accessory space such as ANG Industries, Luk India, Setco Automotive Ltd., Shriram Pistons & Rings Ltd and ZF India have confirmed their participation as a gold partner for the second edition of the fair while others such as Ample Auto Tech Pvt Ltd, Elofic Industries, Mayur Uniquoters, Mansons International Pvt Ltd, Sigma Corporation India Ltd, Delphi Automotive Systems Pvt Ltd and many others are geared up to showcase the latest in auto parts and accessories that will keep Indian aftermarket players on the road to business success.
With 85 per cent of the exhibition space officially booked, the organisers are now concentrating efforts on providing an outstanding edition as a series of conferences have been planned alongside the show. The conferences will be open for sector professionals over the three days and bring key themes of R&D and innovation, advancements in mechatronic systems, simulation and testing systems, sustainable mobility, fuel efficiency, etc., up for discussions amidst the presence of technology experts and industry leaders.
For complete list of participants,