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India’s automotive aftermarket shines at ACMA Automechanika 2024, eyes $35 billion exports

Featuring 1500+ product categories across 10 segments, the event provided a comprehensive platform for automotive wholesalers, distributors, and traders

Piyush Goyal, Minister of Commerce & Industry, exploring ACMA Automechanika 2024 accompanied by Shradha Suri Marwah, President, ACMA & MD, Subros and Vinnie Mehta, Director General, ACMA

The 5th edition of ACMA Automechanika 2024, held in collaboration with Messe Frankfurt and as part of Bharat Mobility Global Expo, concluded  on a high note, garnering a footfall of 35,000 business visitors. It was a conglomeration of the entire mobility ecosystem under one roof, displaying the tech capabilities and innovations of Indian automotive industry. Around 500+ exhibitors from 12+ global markets showcased over 10,000 aftermarket products, offering a diverse range of aftermarket solutions for two-wheelers, passenger vehicles, commercial vehicles, and agricultural vehicles.

The Global Automotive Aftermarket Research, prepared by ACMA in collaboration with Ernst & Young was released during the event. According to the study, the Indian automotive aftermarket has reached USD 10 billion in CY 2023, with an anticipated growth to USD 14 billion by 2028. The report covers 39 countries and narrows down its focus to 10 major export markets, identifying over USD 35 billion worth of export opportunities.

On the success of the event, Shradha Suri Marwah, President ACMA, and Managing Director, Subros Ltd; said, “I am delighted to witness the success of ACMA Automechanika 2024, a testament to the India’s tech capabilities and innovation within the automotive aftermarket. As we stride towards Atmanirbhar Bharat, this event serves as a platform for showcasing India’s immense growth potential in the global automotive landscape. The Global Automotive Aftermarket Research report also reinforces our belief in India’s automotive prowess. ACMA remains committed to fostering this growth trajectory and contributing to India’s leadership in the global auto aftermarket.”

Vinnie Mehta, Director General, ACMA said: “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. This event, held in conjunction with the Bharat Mobility Global Expo, exemplifies the comprehensive transformation underway in the automotive industry, evolving towards a mobility-centric ecosystem. As India emerges as the sweet spot in the global market, propelled by robust macroeconomic fundamentals, the success of our auto industry across various segments underscores the nation’s automotive prowess. The auto component industry continues to thrive, reflecting the resilience and innovation within our ecosystem. ACMA remains steadfast in driving this momentum forward, fostering partnerships and paving the way for India’s leadership in the global auto aftermarket.”

Featuring 1500+ product categories and 10 distinct segments, the event served as a complete hub for automotive wholesalers, distributors, and traders dealing in parts and components. Automechanika 2024 also featured dedicated country pavilions from automotive powerhouses such as Germany, Korea, Taiwan, and Thailand, allowing attendees to engage with cutting-edge innovations and forge partnerships with global industry leaders.