Concerned with the growing number of spurious auto parts in aftermarket, Automotive Component Manufacturers Association of India (ACMA) together with Messe Frankfurt has taken a strong initiative to address the rising concerns on counterfeit products sold in the replacement market at the second edition of ACMA Automechanika New Delhi to be held from 26 February – 1 March 2015 at Pragati Maidan.
It is estimated that nearly 36% of the aftermarket sales of auto parts in India are counterfeit.
“The recent thrust by the government on vehicular safety is indeed very critical towards the future development of Indian automotive industry and aftermarket. Mobilising participation from the biggest players of auto parts and components, ACMA Automechanika New Delhi will present a reliable platform to source aftermarket products, apart from educating the industry and consumers through Messe Frankfurt’s global initiative ’Messe Frankfurt Against Copying’, ACMA’s ‘Asli Naqli campaign’ and the various conferences at the trade fair,” Raj Manek, Executive Director and Board Member of Messe Frankfurt Asia Holding Ltd said.
Bringing some of the most prominent names in the automotive industry together, ACMA Automechanika New Delhi 2015 will serve as a platformto source and gain insights into the new aftermarket products available in the market and understand the process of registration and assertion of intellectual property rights.
Commenting on the importance of the show to the automotive industry, Vinnie Mehta, Director General of ACMA said, “A strong effort to combat counterfeiting starting with helping the sector to evolve into an organised one, ensuring genuine-product availability by deepening the distribution chain and devising strategies to bridge the price gap is the need of the hour.”
He added that with the purpose to connect aftermarket players with auto component manufacturers at ACMA Automechanika New Delhi, this professional platform will add to ACMA’s efforts in bringing about the necessary change in the after-market practices.
Some of the most critical auto parts required for the safe operation of vehicles are among the most commonly counterfeited products available in the market with grave implications with respect to public safety and revenue losses to the government. These losses stood at around Rs 2,200 crore (USD 3.56 million) per annum to the exchequer in 2011.
