India’s Automotive Aftermarket shines at ACMA Automechanika 2024; Eyes US$ 35 Billion Exports

The 5th edition of ACMA Automechanika 2024, held in collaboration with Messe Frankfurt and as part of Bharat Mobility Global Expo, concluded yesterday 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, Ms. 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.