The ACMA Automechanika 2024, a collaborative effort with Messe Frankfurt as part of the Bharat Mobility Global Expo, recently concluded, leaving an indelible mark on India’s automotive landscape. With an impressive footfall of 35,000 business visitors, the event positioned itself as a focal point for the automotive aftermarket. Let’s delve into the key facets that defined this automotive extravaganza.
Showcasing India’s prowess
Featuring over 500 exhibitors from 12 global markets, ACMA Automechanika 2024 served as a comprehensive platform displaying the technological capabilities and innovations of the Indian automotive industry. The event covered a wide spectrum, including aftermarket solutions for two-wheelers, passenger vehicles, commercial vehicles, and agricultural vehicles.
Shradha Suri Marwah, President ACMA, and Managing Director, Subros Ltd, expressed her delight, stating, “I am delighted to witness the success of ACMA Automechanika 2024, a testament to India’s tech capabilities and innovation within the automotive aftermarket.”
Insights from global automotive aftermarket research
A significant highlight was the release of the Global Automotive Aftermarket Research report, a collaborative effort by ACMA and Ernst & Young. This insightful study projected that the Indian automotive aftermarket had reached USD 10 billion in CY 2023, with anticipated growth to USD 14 billion by 2028. The report provided a comprehensive analysis covering 39 countries and focusing on 10 major export markets, identifying export opportunities exceeding USD 35 billion.
Marwah emphasized the report’s significance, saying, “The Global Automotive Aftermarket Research report also reinforces our belief in India’s automotive prowess.”
Leadership perspectives
Vinnie Mehta, Director General of ACMA, shared his perspective on the success of ACMA Automechanika 2024, stating, “ACMA Automechanika 2024 has once again proven to be a resounding success, showcasing the vibrancy and potential of India’s automotive aftermarket on a global stage.”
He underscored the event’s role in highlighting the transformation within the automotive industry, aligning itself with a mobility-centric ecosystem. As India emerges as a significant player in the global market, the success of the auto industry across various segments signifies the nation’s automotive prowess.
A glimpse into the event
Featuring 1500+ product categories and 10 distinct segments, the event provided a holistic hub for automotive wholesalers, distributors, and traders dealing in parts and components. Automechanika 2024 also hosted dedicated country pavilions from automotive powerhouses such as Germany, Korea, Taiwan, and Thailand. This arrangement allowed attendees to engage with cutting-edge innovations and forge partnerships with global industry leaders.
The event’s success underscores the resilience and innovation within India’s automotive ecosystem. As the industry continues to evolve, ACMA remains steadfast in driving momentum forward, fostering partnerships and paving the way for India’s leadership in the global auto aftermarket.
Looking ahead
As the insights from the Global Automotive Aftermarket Research point towards a promising future, India’s automotive aftermarket is poised for substantial growth. The roadmap provided by the report offers valuable guidance for industry players, highlighting potential export opportunities and areas for further development.
ACMA Automechanika 2024, with its extensive showcase and informative research findings, stands as a significant milestone in the journey of India’s automotive aftermarket. It not only provides a snapshot of the current industry landscape but also charts a course for a robust and dynamic future.