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Technologies: Auto component industry set on a robust path with strong rebound

Fiinews by Fiinews
January 18, 2023
in Technology
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Auto Expo 2023 attracted 122,500 business delegates from 65 countries

The Indian auto component industry is on a Robust Path, with strong rebound in almost all segments which was reflected by more than 1,400 products displayed at the 16th edition of Auto Expo 2023.

Over 800 exhibitors from 15 countries demonstrated for their products for the Indian market, showing confidence in the emerging technologies that are set to define the future of Mobility.

The 1,400 plus new products displayed at New Delhi’s Pragati Maidan reaffirmed the global industry’s commitment to India’s plan for transforming into a sustainable and green future mobility. 

Powering India’s Growth Engine, the component show marked the beginning of a new era, with full of opposrtunities to ‘Innovate to Make in India for the World’, joint organisers Automotive Component Manufacturers Association (ACMA), Confederation of Indian Industry (CII) and Society of Indian Automobile Manufacturers (SIAM) said in a release on 16 Jan 2023. It was held 12-15 Jan 2023.

The theme and focus of the components show, “Technovation – Global Platform for Future Technologies & Innovation” has aptly set the tone for future areas for innovation for India’s auto component industry, they said. 

Some of the Innovations and Futuristic Products on display at Auto Expo 2023 – Components Show included Low Weight Tailgate and Sunroof; Tyre Changing Attachment for EVs; Energy Efficient Power Control Units; Nano-Catalyst for Coating CDPF; Friction Motor Cooling System; Semi-Solid Li Ion Cell; On-Board Charger (OBC); Digital Twin Benchmarking, Delta Costing and Iceberg 3.0; PVC Fabric Tarpauline; LSR Components for EVs, etc.

“The event created a lot of excitement amongst the visitors, who were busy with business meetings, networking and forming new partnerships with Indian and global players present at the show,” said the organizers. 

The Show ended on a positive note with the companies who were not able to get space, putting in their space requests in advance, and majority of the participants seeking bookings for larger space at the next edition, they added.

The show was attended by 122,500 business delegates from 65 countries and participated by 800 plus exhibitors from 15 countries with six country pavilions from France, Germany, Japan, Poland South Korea and the UK at Pragati Maidan, New Delhi. fiinews

Tags: Auto Expo 2023CII
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Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

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