The Automotive Component Manufacturers Association of India (ACMA) is the apex body representing the interest of the Indian Auto Component Industry.
In FY 2017-18, the Indian auto-component industry registered a turnover of Rs. 3,45,635 crore (USD 51.2 billion) growing by 18.3 per cent compared to Rs. 2,92,184 crore ( USD 43.5 billion) in FY 2016-17. The CAGR of the industry stood at 10 per cent over a period of six years. The Indian auto component industry exports grew by 23.9 per cent to Rs. 90,571 crore (USD 13.50 billion) in 2017-18 from Rs 73,128 crore ( USD 10.90 billion ) in 2016-17, 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 2017-18 grew by 9.8 per cent to Rs 61,601 crore ( USD 9.2 billion) from Rs 56,096 crore (USD 8.4 billion) in the previous fiscal.
ACMA represents over 800 companies, which contributes more than 85% of the total auto component output in the organised sector. In the domestic market, they supply components to vehicle manufacturers as original equipment, to tier-one suppliers, to state transport undertakings, defence establishments, railways and even to the replacement market. A variety of components are being exported to OEM's and after-markets world-wide.
ACMA has played a critical role in growth and development of the auto component industry in India. Its active involvement in trade promotion, technology up-gradation, quality enhancement and collection and dissemination of information has made it a vital catalyst for this industry's development. 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'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.
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 Brazil, Canada, Egypt, France, Germany, Hunary, Iran, Italy, Japan, Malaysia, Nigeria, Pakistan, Russia, South Africa, South Korea, Spain, Sri Lanka, Sweden, Taiwan , Thailand, Tunisia, Turkey, UK, USA, Uzbekistan, Poland and Slovakia
Further information and data on the Indian automotive industry is available on the ACMA Website: www.acma.in