13.09.2016 - 17.09.2016 — Hall: 6.2 Stand: C 61
The Automotive Component Manufacturers Association of India (ACMA) is the apex body representing the interest of the Indian Auto Component Industry.
The Auto Component industry in India has a strong positive multiplier effect which acts as a key driver of economic growth. The well-developed Indian auto component industry manufactures a wide variety of engine parts, drive transmission and steering parts, body and chassis, suspension and braking parts, equipment and electrical parts, besides others.
The turnover of the auto component industry stood at USD 38.5 billion for the period April 2014 to March 2015, registering a growth of 11.1 per cent over the previous year and a CAGR of 11 per cent over the last six years. Indian auto components are exported to more than 160 countries which grew by 11.4 percent to USD 11.2 billion in 2014-15 from USD 10.2 billion in 2013-14, registering a CAGR of 29 percent in the last six years.
ACMA represents over 700 companies, which contributes to more than 85% of the total auto component output in the organised sector. In the domestic market, they supply components to vehicle manufacturers as original equipment, to tier-one suppliers, to state transport undertakings, defence establishments, railways and even to the replacement market. A variety of components are being exported to OEM’s and after-markets world-wide.
ACMA has played a critical role in growth and development of the auto component industry in India. Its active involvement in trade promotion, technology up-gradation, quality enhancement and collection and dissemination of information has made it a vital catalyst for this industry’s development. 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.
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 represented on a number of panels, committees and councils of the Government of India through which it helps in the formulation of policies pertaining to the Indian automotive industry.