New Delhi: Trade physique ACMA (Automotive Part Producers Affiliation of India) has projected the Indian auto part sector to attain year-on-year development starting from excessive single digits to low double digits within the April 2024- March 2025 interval. This may be attributed to increased worth addition from the sector and export demand.
“The auto part business is anticipated to develop between 8%-11% within the ongoing yr. Whereas the federal government assist is constructive, adapting to geopolitical challenges is one thing we must be taught to stay with,” Shradha Suri Marwah, President, ACMA & CMD, Subros informed ETAuto.
When requested concerning the anticipated headwinds, Marwah pointed to provide chain challenges arising from the Pink Sea disaster. “Time to market goes up, stock must be held for longer, and dealing capital will get blocked,” she defined.
In FY24, the turnover of the automotive part business stood at INR 6.14 lakh crore (USD 74.1 billion), registering a development of 9.8% over INR 5.59 lakh crore in FY23.
Even final yr, corporations had been having points across the Pink Sea, Singapore port and different elements of the world.
Turnover consists of the complete provides from the auto part business to the automobile producers, aftermarket in India in addition to exports. This additionally consists of part provides captive to the OEMs and by the unorganized and smaller gamers.
Usually, vehicle OEMs maintain a majority share of 65%-70% within the complete income of automotive part producers. Exports and alternative demand account for the rest.
Auto Expo- The Parts Present
On Tuesday, the business wrapped up Auto Expo Parts Present, held from January 18 to 21 on the Yashobhoomi Conference Centre in Dwarka. This marked the primary time the occasion was hosted at this venue.
“The venue could be very properly maintained. The placement gives wonderful infrastructure and accessibility. Nonetheless, the telecom community could be very poor, highlighting the necessity for enchancment to reinforce ease of doing enterprise and facilitate seamless exhibiting within the nation,” Vinnie Mehta, Director Normal, ACMA mentioned.
The variety of exhibitors have elevated to over 1000 this yr, in comparison with solely 800 final yr. The customer footfall has been over 75,000 throughout these 3 days. This consists of key delegations from Japan, the UK, South Korea, Mexico, and Germany, he mentioned.
The Auto Parts Present was a part of the Bharat Mobility International Expo 2025, which featured 9 exhibits, every specializing in numerous features of the mobility ecosystem. The Expo was held at three areas– Bharat Mandapam in New Delhi, Yashobhoomi in Dwarka, Delhi and India Expo Centre & Mart in Larger Noida.
