ACMA at Automechanika Frankfurt 2018

Automotive Component Manufacturers Association (ACMA), the apex body representing the Indian auto component manufacturers participated at the 25th Anniversary Year of Automechanika, Frankfurt. The Indian component manufacturers showcased their capabilities and explored aftermarket business opportunities and connected with global customers at world’s leading aftermarket trade fair. 52 leading ACMA members, of the over 100 participants from India, displayed their latest aftermarket products and technologies.

Speaking on the occasion, Ram Venkataramani, President, ACMA said, “We are thrilled to be a part of one of the most significant automotive aftermarket trade shows in Europe. The region (Europe) continues to be the largest destination with 34% of Indian exports of which Germany, with 7%, has the leading share.”

The Indian auto component industry has posted a remarkable performance growing by 18.3% over the previous fiscal, registering a turnover of USD 51.2 billion, while exports grew by 23.9% to USD 13.5 billion.

Emphasising the importance of the trade fair, Vinnie Mehta, Director General, ACMA said, “As India graduates to BSVI equivalent of Euro VI, the automotive component industry in India is rightly positioned to supply components to Europe. With growing capabilities of Indian auto component industry, exports are expected to scale up to USD 70 billion from current USD 13.5 billion while the turnover of the industry will grow up to USD 200 billion by 2026.”