India’s Automotive Parts Buyer Seller Meet is being organised by ACMA with the support of Ministry of Commerce & Industries. As part of the Government of India’s continuing efforts to organize virtual B2B events and bring the international buyers to one platform through dedicated Virtual Buyers Sellers Meets, this event is specifically aimed at reaching buyers in the WANA & African markets. This unique online event will attract buyers from across the region with the aim of meeting the growing demand for aftermarket auto parts in the West Asia and African markets.
You can register for the event HERE
The Virtual Buyers Sellers Meet will showcase a wide range of Indian manufactured aftermarket automotive products at this unique virtual B2B matchmaking event to be held from 28 – 30 June 2021.
The event will showcase the following automotive products:
- Engine Components
- Electricals
- Rubber Components
- Drive Transmission and Steering
- Cooling Systems
- Injection Systems
- Tractor Parts
- Consumables & Misc
- Diesel Engine Parts
International buyers are expected from countries like Saudi Arabia, Egypt, UAE, Morocco, Algeria, South Africa, Nigeria, Kenya, Ghana, Tanzania, Zambia, Zimbabwe and Ethiopia. Africa Business pages will be reaching out to potential buyers in Africa to invite them to the event.
B2B Networking
Organisers will also be organising pre-arranged meetings for all exhibitors with potential buyers from the African market as well as the GCC region.
The key objective of this unique online B2B trade event is to help Indian companies generate qualified business leads and develop direct contacts with their counterparts in the African market. The state-of-the-art e-market platform with live online interactivity will enable Indian companies to showcase their products and services to their target audience from and promote their products while sitting in the comfort of their home/offices.
ACMA India: Promoting India’s Automotive Sector
The Automotive Component Manufacturers Association of India (ACMA) is the apex body representing the interest of the Indian Auto Component Industry. Its membership of over 850 manufacturers contributes to more than 85 per cent of the auto component industry’s turnover in the organized sector. ACMA is an ISO 9001:2015 Certified Association.
ACMA’s charter is to develop a globally competitive Indian Auto Component Industry & strengthen its role in national economic development as also promote business through international alliances.
The auto component industry which spans across different geographies of the country, is a large, integrated and complex network of suppliers. Today, it contributes 2.3% of the country’s National GDP, 25% of the national Manufacturing GDP and employs over five million people. The industry is dominated by SMEs, is one of the key drivers of India’s economic growth and the ‘Make in India’ program.
The auto component industry manufactures a wide variety of products including engine parts, drive transmission and steering parts, body & chassis, suspension & braking parts, equipment & electrical parts, besides others.
In FY 2019-20, the Indian auto-component industry in the backdrop of slowdown in demand and COVID 19 related issue suffered a de-growth and registered a turnover of Rs. 3,49,673 crore (USD 49.3 billion) thus contracting by (–) 11.7% compared to Rs. 3,95,902 crore (USD 57 billion) in FY 2018-19. The CAGR of the industry stood at eight per cent over a period of six years.
Automotive Spare Parts: The Indian Market
The Indian auto component industry exports declined by (-) 3.2% to Rs.1,02,623 (USD 14.5 billion) in FY 2019-20, from Rs.1,06,048 crore (USD 15.16 billion) in FY 2018-19, registering a CAGR of eight per cent over a period of six year. Whilst, the industry exports to more than 160 countries including North America and Europe contributing to more than 60% of the industry’s export.
Bunking the trend, the domestic aftermarket remained steady, in fact in rupee term it grew by 2.8 per cent to Rs. 69,381 from Rs 67,491 crore when compared with previous fiscal.
ACMA’s active involvement in trade promotion, technology up-gradation, quality enhancement & collection and dissemination of information has made it a vital catalyst for the component industry’s development in India. Its other activities include participation in international trade fairs, sending trade delegations overseas and bringing out publications on various subjects related to the automotive industry.
By connecting buyers and sellers, the unique online trade show will match suppliers with potential buyers and set-up virtual appointments to facilitate trading activity between Indian suppliers and international buyers.
By providing an online platform to promote direct B2B connections, ACMA’s innovative digital platform is expected to promote B2B networking and direct sales in order to boost India’s exports in the international automotive aftermarket.
You can register for the event HERE
About Automotive Component Manufacturers Association of India (ACMA)
The Automotive Component Manufacturers Association of India (ACMA) is the apex body representing the interest of the Indian Auto Component Industry. Its active involvement in trade promotion, technology up-gradation, quality enhancement and collection & dissemination of information has made it a vital catalyst for this industry’s development. ACMA’s charter is to develop a globally competitive Indian auto component Industry and strengthen its role in national economic development as also promote business through international alliances. ACMA is an ISO 9001:2008 certified Association.
