Auto Component Manufacturers Association of India (ACMA) will be participating at Automec Brazil 2019 – the 14th International fair on Autoparts, Equipments & Services, for the first time. The event will be held from April 23-27, 2019, at São Paulo, Brazil. Over 15 ACMA member companies will put up a joint pavilion at the event.
Automec is the leading fair in Latin America for the replacement and repair sectors for light, heavy and commercial vehicles. Automec is recognized as the key platform for networking amongst the large distributors, car parts retailers, automotive workshops and national and international suppliers in Brazil.
Ram Venkataramani, President, ACMA said, “We are delighted to be a part of Automec, Brazil. The Brazilian automotive aftermarket has seen strong double-digit growth in recent years. With consumption of India–like products, the market holds significant opportunities for the Indian auto component industry.”
Brazil is the ninth-largest vehicle market in the world, with sales of more than two million units in 2018. The aftermarket in Brazil, over the past two years has witnessed steep growth as the vehicles sales continued to be subdued, thus prolonging the life of on-road vehicles. The aftermarket stood at $28.8 billion in 2018, while the overall component industry recorded $36 billion in turnover.
ACMA is the apex body representing the interest of the Indian Auto Component Industry. Its membership of over 800 manufacturers contributes more than 90 percent of the auto component industry’s turnover in the organised sector.