Auto Expo 2023 – Components: A record 800 companies set to participate in upcoming ‘Auto Expo 2023 – Components’ show

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With multi-national firms looking at diversifying supply chains and putting up excess capacity in India in line with their ‘China Plus One’ strategy, a record 800 companies are set to participate in the upcoming ‘Auto Expo 2023 – Components’ show,the Automotive Component Manufacturers Association of India said on Thursday.

There are 200 additional exhibitors this year, compared to the previous edition held in 2020. Apart from domestic component manufacturers, participants from 15 countries, including Canada, France, Germany, Israel, Italy, Japan, Poland, Singapore, South Korea, Switzerland, Taiwan, Thailand, the UK and the USA are set to display their products and technology at the show. There will be six Country Pavilions – France, Germany, Japan, Poland, South Korea, UK – at the component show.

There will be no participation from China as “visas were not open” when the show was being finalised,ACMA Director General Vinnie Mehta informed. In the previous edition of the show too in 2020, there were no Chinese participants due to the pandemic.

ACMA President Sunjay Kapur, said there is a lot of interest from global players to source from India. “With regard to sourcing, it has increased and that’s sort of evident by the export which grew 43% last year to $ 19 billion and that just shows that there is a lot of interest (on India).”

He added there is a focus in terms of sourcing all kinds of components, not just for the internal combustion engine vehicles but even for electrification from India. Kapur said, “The Auto Expo 2023- Components is expected to create newer opportunities for the components industry and also provide a platform to showcase its prowess as it strives to stay relevant in a fast-transforming industry.”

CII National Committee on Future Mobility and Battery Storage Chairman, Vipin Sondhi said, the component show has grown continually and this year’s event will cover “approximately 60,000 square meters up from 56,000 in 2020 and 52,000 square meters in 2018.”

The auto component show which is returning after a gap of three years due to the pandemic will be held at Pragati Maidan in the Capital from January 12-15, 2023. It is jointly organised by Automotive Component Manufacturers Association of India (ACMA), Confederation of Indian Industry (CII) and Society of Indian Automobile Manufacturers (SIAM).

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