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Automobile Industry in India.

Auto Components Industry in India

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2023 Edition

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    Organisers

    Automotive Component Manufacturers Association of India

    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 800 manufacturers contributes to more than 85 % of the auto component industry’s turnover in the organized sector. ACMA is an ISO 9001:2015 Certified Association.

    ACMA’s charter is to develop a globally competitive Indian Auto Component Industry & strengthen its role in national economic development and also to promote business through international alliances.

    The automotive value chain which spans across different geographies of the country, is a large, integrated and complex network of OEMs and suppliers. Today, it contributes 6% of the country's National GDP, 49% of the national Manufacturing GDP and is responsible for over 30 million jobs. The auto component industry is dominated by SMEs, which are the key drivers of India’s economic growth and the ‘Make in India’ program.

    The auto component industry manufactures a wide variety of products including engine parts, drive transmission and steering parts, body & chassis, suspension & braking parts, equipment & electrical parts, besides others.

    With the normalcy returning to business, post the pandemic, and with vehicle sales and exports gaining momentum, the Auto Component Industry registered a growth of 22% in turnover to Rs.4.21 lakh crore (USD 56.50 billion) for the year 2021-22.

    The sales of OEMs during the year 2021-22, in the domestic market stood at Rs.3.41 lakh crore (USD 45.80 billion), growing by 21.40 %, when compared to the previous year.

    Exports of auto components witnessed growth of 42.9 % to Rs.1.42 lakh crore (USD 19.00 billion) in 2021-22 from Rs 0.98 lakh crore (USD 13.30 billion) in 2020-21. Exports to Europe saw a growth of 39 percent, while North America & Asia, accounted for growth of 46 % and 40 % respectively.

    Component imports rose by 33.20 % to Rs.1.36 lakh crore (USD 18.30 billion) in 2021-22 from Rs.1.02 lakh crore (USD 13.80 billion) in 2020-21. China accounted for 30 % of imports followed by Europe and North America at 39 % and 36 % respectively.

    The auto component aftermarket witnessed a growth of 14.50 %. Its turnover in FY 21-22 stood at Rs. 74,203 crore (USD 10.00 billion) compared to Rs. 64,524 crore (USD 8.70 billion) in the previous year.

    ACMA’s active involvement in the trade promotion, technology up-gradation, quality enhancement and collection & 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 also contributes in upgradation of manufacturing practices by skilling & mentoring of its members through various cluster programs and special projects such as ‘Asset Turnover Improvement’, ‘Uptime Improvement’, ‘Zero Defect Quality’ and ‘Sustainable Manufacturing’ among others.

    ACMA is also well represented on a number of panels, committees and councils of the Government of India through which it helps in the formulation of policies and regulations pertaining to the Indian automotive industry.

    For exchange of information & for co-operation in trade matters, ACMA has signed MoUs with its counterparts in Argentina, Australia, Brazil, Canada, Egypt, France, Germany, Hungary, Iran, Italy, Japan, Kazakhstan, Malaysia, Mexico, Nigeria, Pakistan, Poland, Russia, South Africa, South Korea, Spain, Sri Lanka, Sweden, Taiwan, Thailand, Tunisia, Turkey, UK, Italy, USA and Uzbekistan.

    Further information and data on the Indian automotive industry is available on the ACMA

    Website : www.acma.in

    Confederation of Indian Industry

    The Confederation of Indian Industry (CII) works to create and sustain an environment conducive to the development of India, partnering Industry, Government and civil society, through advisory and consultative processes.

    CII is a non-government, not-for-profit, industry-led and industry-managed organization, with around 9000 members from the private as well as public sectors, including SMEs and MNCs, and an indirect membership of over 300,000 enterprises from 286 national and regional sectoral industry bodies.

    For more than 125 years, CII has been engaged in shaping India’s development journey and works proactively on transforming Indian Industry’s engagement in national development. CII charts change by working closely with Government on policy issues, interfacing with thought leaders, and enhancing efficiency, competitiveness and business opportunities for industry through a range of specialized services and strategic global linkages. It also provides a platform for consensus-building and networking on key issues.

    Extending its agenda beyond business, CII assists industry to identify and execute corporate citizenship programmes. Partnerships with civil society organizations carry forward corporate initiatives for integrated and inclusive development across diverse domains including affirmative action, livelihoods, diversity management, skill development, empowerment of women, and sustainable development, to name a few.

    As India completes 75 years of Independence in 2022, it must position itself for global leadership with a long-term vision for India@100 in 2047. The role played by Indian industry will be central to the country’s progress and success as a nation. CII, with the Theme for 2022-23 as Beyond India@75: Competitiveness, Growth, Sustainability, Internationalisation has prioritized 7 action points under these 4 sub-themes that will catalyze the journey of the country towards the vision of India@100.

    With 62 offices, including 10 Centres of Excellence, in India, and 8 overseas offices in Australia, Egypt, Germany, Indonesia, Singapore, UAE, UK, and USA, as well as institutional partnerships with 350 counterpart organizations in 133 countries, CII serves as a reference point for Indian industry and the international business community.

    Website : www.cii.in; www.ciitradefairs.in
    Reach us via CII Membership Helpline Number: 1800-103-1244

    Society of India Automobile Manufacturers

    The Society of Indian Automobile Manufacturers (SIAM) is an apex national body representing all major vehicle and vehicular engine manufacturers in India. It is a society with charitable objectives registered under the Societies Registration Act, 1860. Its objectives include enhancing the contribution of automobile industry to the growth and development of Indian economy, assisting the automobile industry to meet its social obligations and encouraging the efficiency of industry in general and automobile industry particularly in India. SIAM focuses on activities related to improvement of environment and ensuring safety and protection of automobile vehicle users and public at large. Recognising these objectives, SIAM has been granted registration under the Income Tax Act, 1961 as an institution with charitable purpose.

    To meet these objectives, SIAM works closely with stakeholders in the formulation of the economic and commercial policies, regulations and standards relating to automobiles. It provides economic and statistical information as well as technical and public policy services to the stakeholders on behalf of Indian Automobile Industry. It publishes Monthly Industry Statistics, Monthly Commodity Price Monitor and other periodic reports. SIAM organises seminars and workshops on the subjects of topical relevance and interest to the industry. It also carries out various public policy activities, particularly in the field of Road Safety and Environment.

    SIAM works closely with various Government departments, both at Central and State level and with international bodies like International Organisation of Motor Vehicle Manufacturers (OICA), International Motorcycle Manufacturers Association (IMMA) and coordinates with other counterpart international associations.

    SIAM, along with ACMA and CII organises Auto Expo, a widely acclaimed biennial auto exhibition showcasing the trends in the Auto Industry.

    Website : www.siamindia.com