The Automotive Component Manufacturers Association
The Automotive Component Manufacturers Association of India (ACMA) is the apex body representing the interest of the Indian Auto Component Industry.
Auto Component Industry in India
The Auto Component industry in India has a strong positive multiplier effect as a key driver of economic growth. The turnover of the auto component industry stood at Rs. 2.55 lakh crore (USD 39 billion) for the period April 2015 to March 2017, registering a growth of 8.8 per cent over the previous year and a CAGR of 6 per cent over the last six years. Indian auto components are exported to more than 160 countries and it is indeed very heartening that Exports of auto components grew by 3.5 per cent to Rs 70,900 crore (USD 10.8 billion) from Rs 68,500 crore (USD 11.2 billion) in 2014-15, registering a CAGR of 18 percent in the last six years.
ACMA represents over 780 companies
ACMA represents over 780 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.
Growth and Development Auto Component Industry
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.
Globally Competitive Indian Auto Component 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.
Number of Panels
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.
Exchange of Information and Especially
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 and Uzbekistan.
ACMA is an ISO 9001:2008 Certified Association.
Further information and data on the Indian automotive industry is available on the ACMA Website: www.acma.in