The 15th edition of Auto Expo 2020 – Components jointly organised by Automotive Component Manufacturers Association of India (ACMA), Confederation of Indian Industry (CII) and Society of Indian Automobile Manufacturers (SIAM), proved to be a platform where auto component suppliers came together to demonstrate their resilience to battle the slowdown that has plagued the auto industry since last year.
The four-day trade show from Feb 6 to 9 saw a record turnout of over 1,15,000 visitors including the presence of Ministers like Arjun Ram Meghwal, Union Minister of State, Heavy Industries & Public Enterprises and Parliamentary Affairs, Goutham Reddy, Minister for Industries & Commerce and Information Technology, Government of Andhra Pradesh and Senior Government officials like Arun Goel, Secretary, Department of Heavy Industries, Ministry of Heavy Industries & Public Enterprises. In addition to this representatives from Maruti, Tata Motors, Kia Motors, Ashok Leyland and various others also came to experience the advancements in the auto component sector.
Expressing satisfaction on the success of the show, Deepak Jain, ACMA President, and CMD, Lumax Industries, said: “It is indeed a pleasure to have organised such an extravagant show, the confidence shown by component industry and the trade visitors alike is reassuring. The show truly reflects the confidence in the Indian auto component industry and its readiness for the future of mobility. It is noteworthy that the exhibitors displayed world class, generation next products, which is conforming with the theme ‘Technovation’. The show also portrays the capability and the willingness of the Component industries in India to align itself with the Government’s vision of making India a USD 5 trillion-dollar economy by 2025, of which Auto component industries contribution will be USD 250 billion.”
Speaking at the event, Vipin Sondhi, Chairman CII, Trade Fair Council and MD and CEO, Ashok Leyland, said “I want to congratulate ACMA, SIAM and CII for organizing a world class exhibition in a phase which is going through disruption and discontinuities. The footfall at the exhibition itself is resounding proof of confidence in the component industries. The display of innovative & advanced technologies, EV components and emphasis on import substitution for electric vehicles is of a great importance. It holds key to the future of mobility, as well as promise to become successful internationally.”
Another key aspect of the expo was that around 400 companies launched over 1200 new products, which exhibits component industry preparedness to support the transformation in automotive space. It also underlines their focus on R&D & innovations. With over 1500 exhibitors and over 1.15 lakh visitors, the 15th edition of the Auto Expo 2020 Components is the biggest auto component expo held till date.
The expo themed ‘Technovation – Discover Innovations for Future’ reflected the potential of Indian Auto Component Industry to adopt the latest advancements in BSVI & Emissions, EVs, Safety, and e-mobility. There were 16 companies participated in the Technovation pavilion, out of which around 10 companies showcased latest EV components like Lithium Battery Packs & Chargers, Power-train components and software application etc. The pavilion also had 8 Start-ups who showcased their innovative products and solutions across segments for the very first time.