Making the Indian Auto Component Industry Future Ready
The Automotive Component Manufacturers Association of India (ACMA) is the apex body representing the interest of the Indian Auto Component Industry. Its membership of over 780 manufacturers contributes more than eighty five per cent of the auto component industry’s turnover in the organised sector. ACMA is an ISO 9001:2008 Certified Association.
ACMA’s charter is to develop a globally competitive Indian Auto Component Industry and strengthen its role in national economic development as also promote business through international alliances.
The Auto Component industry in India, with a strong positive multiplier effect, is one of key drivers of India’s economic growth. The well-developed Indian auto component industry manufactures a wide variety of products including engine parts, drive transmission and steering parts, body and chassis, suspension and braking parts, equipment and electrical parts, besides others.
In FY 2016-17, the Indian auto-component industry registered a turnover of Rs. 2,92,184 crore (USD 43.55 billion) growing by 14.3 per cent compared to Rs. 2,55,635 crore (USD 39 billion) in FY 2015-16. The CAGR of the industry stood at 7 per cent over a period of six years.
The Indian auto component industry exports grew by 3.1 per cent to Rs.73,128 crore (USD 10.90 billion) in 2016-17 from Rs 70,916 crore (USD 10.80 billion) in 2015-16, registering a CAGR of 11 percent over a period of six year. ACMA has played a pivotal role in supporting its members in export development and in discovering new market opportunities, currently the industry exports to more than 160 countries. With increasing vehicle parc in the country, the aftermarket in 2016-17 grew by 25.6 per cent to Rs 56,096 crore (USD 8.4 billion) from Rs 44,660 crore (USD 6.8 billion) in the previous fiscal.
ACMA’s active involvement in trade promotion, technology up-gradation, quality enhancement and collection and dissemination of information has made it a vital catalyst for the component industry’s development in India. Its other activities include participation in international trade fairs, sending trade delegations overseas and bringing out publications on various subjects related to the automotive industry.
ACMA is represented on a number of panels, committees and councils of the Government of India through which it helps in the formulation of policies pertaining to the Indian automotive industry.
For exchange of information and especially for co-operation in trade matters, ACMA has signed Memoranda of Understanding with its counterparts in Argentina, Brazil, Canada, Egypt, France, Germany, Hungary, Iran, Italy, Japan, Malaysia, Mexico, Nigeria, Pakistan, Russia, South Africa, South Korea, Spain, Sri-Lanka, Sweden, Thailand, Taiwan, Tunisia, Turkey, UK, USA and Uzbekistan.
Further information and data on the Indian automotive industry is available on the ACMA Website: www.acma.in
12:05pm-12.10pm :-Remarks by Arvind Kapur, Session Chair
12:10pm-12:25pm:- Theme Presentation by Knowledge partner Mr. Vishesh Chandiok, National Managing Partner, Grant Thornton
12:25pm- 12:40pm:- Future Trends of the Auto Industry including 2 wheeler by Mr. Toru Nakata, Editor in Chief, FOURIN, Inc.
12:40pm -12:55pm:- Perspective on Auto Industry Disruption and its impact by Mr. Jonathan Poskitt, Global Director, LMC Automotive.
12:55pm-1:10pm:- Perspective on Telematics & digitization by Mr. Mark Bogdansky, Senior Director, Meetings & Events, Autocare
1:10pm-1:15pm:- Question and Answers
14:00 - 14:45
2:05 pm-2:10pm:- Welcome Remarks by Mr. Nirmal Minda, President, ACMA & Chairman & Managing Director, Minda industries Ltd.
2:10pm-2:25pm:- Address by Chief Guest, Shri Suresh Prabhu, Hon'ble Minister of Commerce & Industry, Government of India, New Delhi.
Release of White Paper on 'Making the Indian Auto Component Industry Future Ready'
2:25pm-2:30pm:- Vote of Thanks by, Mr. Jayant Davar, Past President & Chairman- Globalisation, ACMA & Co- Chairman & Managing Director, Sandhar Technologies Ltd.
Nirmal K. Minda
2:45pm-2:50pm:- Remarks byt Mr. Ram Venktaramani, Session Chair
2:50pm-3:05pm:- Impact of Technology Change- How was the change managed in North America and how the Auto Component Industry prepared itself by Mr. Brian Daugherty, Chief Technology Officer, Motor & Equipment Manufacturers Association ( MEMA ), USA
3:05pm-3:20pm:- German auto component industry and how Germany is managing transition and making the Industry Future Ready and learnings thereof by Mr. Klaus Braunig Managing Director, Verband der Automobilindustrie e. V. (VDA), Germany
3:20pm-3:35pm:- French auto component industry and how France is managing transition and making the French Industry Future Ready and learnings thereof by Mr. Jacques Mauge Chairman, French Vehicle Equipment Industries Association (FIEV), France (formerly Executive Vice President for North America at Faurecia)
3:35pm-3:50pm:- China's Auto Industry in the age of disruption by Mr. Bevin Jacob Partner & Co-Founder, Automobility Ltd.
4:05pm-4:20pm:- Questions & Answers
Moderated by Mr. Jayant Davar, Past President & Chairman-Globalisation Committee, ACMA & Co-Chairman & Managing Director, Sandhar Technologies Ltd.
Keynote address by
Dr. Asha Ram Sihag *
Secretary – Heavy Industry,
Ministry of Heavy Industries & Public Enterprises
Government of India
Mr. Mumshad Ahmad, Vice President Global Purchasing and Supply Chain, General Motors
Mr. Andrew Fullbrook, Global Powertrain Forecasting for Automotive, IHS Markit
Mr. Jeffry Jacob, Partner, Roland Berger
Mr. Quin Garcia, Managing Director, Autotech Ventures
Mr. Vidhya Shankar, Partner, Grant Thornton
Mr. Tarang Jain, Managing Director, Varroc Engineering Pvt. Ltd.
Question and Answer
Asha Ram Sihag
Kindly reach the venue on 7th February, 2018 at 11:00 am