06 January,2023 01:12 PM IST | Mumbai | ANI
Image for representational purpose only. Photo courtesy: istock
Auto Expo 2023 - Components Show is back for its 16th edition from January 12 to January 15 at Delhi's Pragati Maidan.
The organisers Automotive Component Manufacturers Association of India (ACMA), Confederation of Indian Industry (Cll), and Society of Indian Automobile Manufacturers (SIAM), today held a curtain raiser event, where they spoke about the upcoming event along with its features.
Sunjay J. Kapur, ACMA president and chairman of Sona Comstar, highlighted the importance of localisation of electronics in his address, which according to him is crucial.
"Our collaboration with ACMA, SIAM and the Government of India as well as CII to localise electronics is going to be a key factor in the growth of the auto component industry in India," he said.
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The 51-year-old industry member opened up about the trajectory of the Indian automobile industry against limitations posed by a high volume of imports.
"I think the import of electronics is still a challenge and will continue to be. As vehicles transform and the disruption (in the automobile industry) kicks in, more electronics would be absorbed in vehicles," he added.
Meanwhile, Vinnie Mehta, director general of ACMA, also spoke at the press briefing, stressing on the idea of value addition of auto components.
"From another perspective, the auto value chain is a global value chain. And every geographical unit has an expertise in one thing or another, so one might have to import items from such units," he said.
"So, even if we are importing some items, our aim should be to add value to our products and check whether such products can be exported or not," he added.
The event will be organised jointly by the Automotive Component Manufacturers Association of India (ACMA), Confederation of Indian Industry (Cll) and Society of Indian Automobile Manufacturers (SIAM), which would have the theme "Technovation - Global Platform for Future Technologies & Innovation". Auto Expo 2023 - Components would highlight and deliberate on the newer opportunities for auto component manufacturers, which would need to adapt to the change via systematic research and development.
The event will see participation from over 800 companies from 15 countries including country pavilions from Germany, Canada, Poland, South Korea, Japan, and the UK, among others, spread across the new exhibition halls at Pragati Maidan.
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