36% of automotive aftermarket in India is served through counterfeits
About 36% of the automotive aftermarket in India is served through counterfeits. Automotive Component Manufacturers Association of India (ACMA) alongwith Messe Frankfurt will address concerns regarding counterfeit products sold in the replacement market at ACMA Automechanika (26 February – 1 March 2015 at Pragati Maidan, New Delhi.
Current government focus on vehicular safety will work towards future development of Indian automotive industry and its aftermarket. With participation from big names in auto parts and components, ACMA Automechanika New Delhi will prove to be a reliable platform to source aftermarket products. Messe Frankfurt’s global initiative ‘Messe Frankfurt Against Copying’ and ACMA’s ‘Asli Naqli campaign’ will work to educate the industry and consumers.
As safety issues gain momentum, it’s crucial for Indian automotive sector professionals to be knowledgeable about genuine auto parts. A number of critical auto parts necessary for safe operation of vehicles are among the most commonly counterfeited products in the market. This has grave implications with respect to public safety and revenue losses to the tune of Rs 2,200 crore (USD 3.56 million) per annum to the exchequer in 2011.
Vinnie Mehta, Director General of ACMA said counterfeiting can be dealt with if the sector evolves into an organised one, which will pave the way for genuine-product availability and a healthy distribution chain. Strategies should focus on reducing the price gap. Aftermarket players and auto component manufacturers need to connect to bring about change in aftermarket practices.
ANG Industries, Luk India, Setco Automotive Ltd.,Shriram Pistons & Rings Ltd., and ZF India have confirmed their
participation as a gold partner for the 2nd edition of ACMA Automechanika. Ample Auto Tech Pvt Ltd, Elofic Industries, Mayur Uniquoters, Mansons International Pvt Ltd, Sigma Corporation India Ltd, Delphi Automotive Systems Pvt Ltd. and others will showcase auto parts and accessories. 85% of exhibition space is officially booked.