Indian aftermarket business is expected to grow to an estimated $30-32 billion by 2026 from current $6.5 billion.
The Indian aftermarket business is expected to grow to an estimated $30-32 billion by 2026 from current $6.5 billion indicating a surge in demand for spare parts in the Indian vehicle industry.
Representing this strength, Automotive Component Manufacturers Association of India, Engineering Export Promotion Council, Confederation of Indian Industries, Department of Industrial Policy & Promotions, Indian Government, and Messe Frankfurt Trade Fairs India will be participating collectively with over 175 Indian auto component manufacturers atAutomechanika - the world's leading trade fair for the automotive aftermarket industry.
The fair is going to held in Frankfurt from 13-17 September 2016. Automechanika spotlights innovations and solutions in the fields of parts, systems, tuning, workshop equipment, bodywork & paintwork, car wash, IT & Management and the latest automobile services.
Among the exhibiting companies are Sona Koyo Steering Systems, Shriram Pistons & Rings, Talbros Automotive Components, Nipman Fastners Industries, Lucas TVS, Sigma Corporation India, Mansons International, Bajaj Bearings, Ample Autotech, among others.
Six months on, global auto-component players are set to come together at ACMA Automechanika New Delhi vying for this lucrative market. The Indian edition is scheduled from 21-24 March 2017 at Pragati Maidan in New Delhi.
The Indian edition will provide the much needed technical impetus to the India's Automotive Mission Plan (AMP) 2026 by fostering trade and knowledge exchange.