India’s leading aftermarket exhibition, ACMA Automechanika New Delhi successfully reinforced its position as a reliable sourcing and networking platform for Indian auto-components and the aftermarket. The exhibition, which successfully concluded in March 2017, hosted 552 exhibiting companies from 17 countries showcasing the latest trends in aftermarket over the four days.
This biennial event offered an effective trade platform to wholesalers, distributors, traders and component manufacturers for future synergies and partnerships. On display were the latest advancements and solutions in the fields of parts, systems, tuning, workshop equipment, bodywork and paintwork, car wash, IT and management and automobile services. New product launches and innovative solutions by exhibiting brands will soon make their way to the Indian aftermarket as many exhibitors reported to have gained successful leads and dealer networks on the show floor.
International participation for this year’s edition had increased by 40% in comparison to last edition of ACMA Automechanika New Delhi in 2015. There were six dedicated international pavilions from China, Germany, Korea, Singapore, Taiwan and the United Kingdom besides individual exhibitors from Hong Kong, Indonesia, Italy, Japan, Malaysia, Poland, Russia, Thailand, UAE and the USA.
ACMA Automechanika New Delhi allowed international players to source the best of Indian aftermarket products and technologies besides creating opportunities for business alliances. Since its debut in 2013, ACMA Automechanika New Delhi has grown consistently. This year the fair has marked a 28% increase in exhibitors and 25% rise in exhibition space since 2015. Moreover, the exhibition provided visitors an ideal meeting ground with aftermarket players to learn about the opportunities and procure genuine auto-parts, core component technologies and hi-performance aftermarket products from leading manufacturers and suppliers.
A total of 15,150 business visitors from India and abroad visited the show, setting a new benchmark with 17% increase in the number of visitors this year. International presence among the visitors was also high and many of them expressed interest in closing deals with the exhibiting companies at the fair.
In order to understand the growing impact of urbanization, changing customer preferences and choice of vehicle ownerships, ACMA shared a comprehensive study on the “Indian Automotive Aftermarket: The Road Ahead” during the exhibition. According to the findings of the study, the Indian automotive aftermarket, which stood at INR. 56,098 Crore (USD 8.4 billion) in 2016-17, is expected to reach INR. 75,705 Crore (USD 13 billion) by 2019-20 growing at a CAGR of 10.5%. This comprehensive study threw light on the vehicle parc analysis, used car market, taxi market, trends and size of the aftermarket, e-tailing and regulations. The Indian automotive component sector is today a USD 39 billion industry, contributing around 4% to India’s GDP.
With an aim to address the rising concerns on counterfeit products sold in the replacement market and spread awareness on road safety, ACMA for the first time also set up a safety pavilion titled ‘ACMA Safer Drives’. This initiative on road safety and usage of genuine components allowed exhibitors and visitors to evaluate parts and components and to make well-informed procurement decisions. The opportunity was also utilized for sensitizing the visitors towards abiding road safety rules and usage of genuine auto parts.
A two-day conference on ‘Preparing Aftermarket for Digital Economy & Road Ahead’ was also organized concurrent to the fair. The conference popularized the concept of e-commerce and m-wallets and exposed the exhibiting companies, visiting distributors and retailers to new ways of expanding business and transactions. The second day seminar highlighted key trends that stressed upon the future of the aftermarket and covered areas such as vehicle telematics, alternate fuels, vehicle servicing, e-retailing and importantly, GST and its expected impact on distribution channels.
The next edition of ACMA Automechanika, focusing purely on the needs of the growing Indian aftermarket, will be scheduled in February 2019 and will continue to present opportunities in the aftermarket as well as address industry concerns on counterfeit products sold in the replacement market.
For further information about the fair, please visit www.acma-automechanika.in
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