India was one of the key participating countries at the 15th edition of Automechanika Dubai, the largest international automotive aftermarket trade show in the Middle East, which was held from May 7 to 9, 2017 in Dubai. Around 100 Indian companies were part of the official contingent. EEPC India and the Automotive Component Manufacturers Association of India (ACMA) showcased India’s strengths in the auto components sector. India Brand Equity Foundation (IBEF) provided branding support for India’s participation highlighting the Brand India Engineering campaign, an initiative by the Department of Commerce. The brand campaign aims to improve and increase awareness about Indian engineering products and services in international markets.
As per estimates, over 30,000 professionals from over 130 countries attended the Exhibition that was held at the Dubai World Trade Centre. More than 2,000 exhibitors showcased their products covering six major areas of the auto components industry, namely, parts & components, electronics & systems, repair & maintenance, tyres & batteries, accessories & customising and car wash, care & reconditioning.
Already exporting to over 160 countries, Indian auto components exports are expected to reach USD 70-80 billion by 2026. The exports from the industry registered a strong compound annual growth rate (CAGR) of 14% during 2006-16, increasing from USD 3.2 billion to USD 10.81 billion during the ten-year period. India being a cost effective hub for manufacturing high quality auto components, is fast emerging as the preferred global sourcing base. The Indian auto component sector today produces a wide range of high-value precision components for almost all global automotive majors.
The fact that the Indian auto component industry is home to 16 Deming and two Grand Deming Awardees, the highest outside of Japan, speaks volumes about the quality of Made in India products. The auto-components industry accounts for almost 4 per cent of India’s GDP and employs 1.5 million people, directly and as many indirectly. Increased investments in engineering, R&D and new product development, are expected to further boost India’s position as a leading supplier for the global industry.