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Auto Expo 2023 Components: Exhibition begins, focuses on Technology, Innovations

New Delhi: The 16th edition ofkicked off today with full enthusiasm and jest. The expo is jointly organized by the ACMA (Automotive Component Manufacturers Association of India), the apex body of the Indian auto component industry, the CII (Confederation of Indian Industry) and the SIAM (Society of Indian Automobile Manufacturers).

Key Highlights:

  • Dr. Mahendra Nath Pandey, Hon’ble Union Minister for Heavy Industries inaugurates the Auto Expo.
  • 2023 Components show at Pragati Maidan, New Delhi.
  • Over 800 exhibitors from 15 plus countries to showcase the latest technology & innovations at the mega show.

Technovation

The Global Platform for Future Technologies & Innovations for Automotive Industry was inaugurated by Dr. Mahendra Nath Pandey, Hon’ble Union Minister for Heavy Industries along with Mr. Sunjay J Kapur, President, ACMA and Chairman Sona Comstar, Mr. Sanjiv Bajaj, President, CII and Chairman & MD Bajaj Finserv Ltd., and Mr. Vinnie Mehta, Director General, ACMA and is themed as ‘Technovation.’

“The participation of over 800 manufacturers from over 15 countries at the 16th Auto Expo components is a testament to the success of the show and the automotive fraternity,” said Dr. Mahendra Nath Pandey, Hon’ble Union Minister for Heavy Industries, at the inauguration.

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Auto Expo 2023 Components
Dr. Mahendra Nath Pandey, Hon’ble Union Minister for Heavy Industries, Government of India with Mr. Sunjay J Kapur, President, ACMA and Chairman, Sona Comstar, Mr. Sanjiv Bajaj, President, CII and Chairman & Managing Director, Bajaj Finserv Limited and Mr. Vinnie Mehta, Director General, ACMA at the inauguration of 16th Auto Expo Components – 2023

“It is commendable to see the strong growth of the industry over last few years, contributing more than 2.3% to the overall GDP of the country. I am very thankful to the manufacturers for strengthening Hon’ble Prime Minister’s vision of Atmanirbhar Bharat and making India a global manufacturing hub,” he added.

Dr. Mahendra Nath Pandey, Hon’ble Union Minister for Heavy Industries, Government of India with Mr. Sunjay J Kapur, President, ACMA and Chairman, Sona Comstar, Mr. Sanjiv Bajaj, President, CII and Chairman & Managing Director, Bajaj Finserv Limited and Mr. Deepak Jain, Chairman & Managing Director, Lumax Industries at ribbon cutting ceremony of 16th Auto Expo Components – 2023.

Mr. Sunjay Kapur, President, ACMA said “The automotive industry worldwide is shifting towards a greener and smarter mobility. Envisioning Aatmanirbhar Bharat, Indian auto components manufacturers must focus on R&D, innovation, and localisation, leading the way to ‘Future of Mobility’.”

The 16th Auto Expo – Components Show is themed ‘Technovation’ to synergize with these transformations focusing on electrified, digitised, sustainable and eco-friendly mobility solutions. We are confident that the expo will provide a world-class platform for participants to showcase their engineering capabilities and technological prowess,” he further added.

The mega show has focuses on attracting the participation of over 800 companies from 15 countries which includes Canada, France, Germany, India, Israel, Italy, Japan, Poland, Singapore, South Korea, Switzerland, Taiwan, Thailand, the UK, and USA. Around 1,15,000 plus business visitors are expected to witness the four-day gala. There are pavilions dedicated to countries like France, Germany, Japan, Poland, South Korea, and the UK at the
expo.

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About ACMA

ACMA (The Automotive Component Manufacturers Association of India) is the apex body representing the interest of the Indian Auto Component Industry. Its membership of over 800 manufacturers contributes to more than 85 % of the auto component industry’s turnover in the organized sector.

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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 and also to promote business through international alliances.

The automotive value chain which spans across different geographies of the country, is a large, integrated and complex network of OEMs and suppliers. Today, it contributes 6% of the country’s National GDP, 49% of the national Manufacturing GDP and is responsible for over 30 million jobs. The auto component industry is dominated by SMEs, which are the key drivers of India’s economic growth and the ‘Make in India’ program.

Read More  –  Latest Auto News

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