The 16^th edition of the Auto Expo 2023 - Components Show, jointly organised by Automotive Component Manufacturers Association of India (ACMA), Confederation of Indian Industry (CII) and Society of Indian Automobile Manufacturers (SIAM) is scheduled from 12-15 January, 2023 at Pragati Maidan in New Delhi. Over 800 companies from 15 countries will be displaying at the expo. With the show returning after a hiatus of three years, the overwhelming response to the 16^th edition is a testimony to the industry's indomitable spirit of resilience.

Putting across his views on the response to the show, Vinne Mehta, Director General, ACMA, cited, “The participation has been overwhelming, and this is despite the fact that we are coming back after three years. There is a lot of excitement, and we are very happy that the show has done so well. The very fact that we are completely sold out, with a waiting list, is a clear indicator of the faith our community has in the show.”

Sharing the highlights of the show, Sunjay Kapur, President, ACMA, and Chairman at Sona Comstar, said, “I am delighted that the 16^th edition of Auto Expo 2023 - Components, the most awaited event of the automotive industry, has shaped very well. With participation from over 800 companies, several of them from overseas, we have been completely sold out. In the backdrop of strong economic recovery and rising vehicle sales in the country, the Auto Expo 2023 - Components is expected to create newer opportunities for the components industry, as also provide a platform to showcase its prowess as it strives to stay relevant in a fast-transforming industry. With confirmation of several business and sourcing delegations, the event will provide an ideal opportunity for networking, striking international partnerships and gaining insights into the future of mobility.”

In fact, last year was a record year for profits and aftermarket growth. Speaking in terms of the industry growth in 2023, Mehta said, “The numbers of the current year are pretty robust. We are hopeful that we will close this year on a sound note.”

Talking about the focus of the show, Vipin Sondhi, Chairman, CII National Committee on Future Mobility and Battery Storage as also Chairman CII National Committee on Technology, R&D and Innovation, said, “With significant disruptive changes being witnessed in the automotive ecosystem world over and in India, the Auto Expo 2023 - Components show will be reflective of these dominant trends, including electric mobility, ADAS, biofuel and flex-fuel-based engine technologies, vehicular safety technologies, sustainable and ecologically sound manufacturing practices, digitisation, automotive start-ups, innovative technologies and solutions and much more. In tune with these, our theme pavilion 'Technovation' is designed to be a crystal ball of future of mobility, showcasing cutting-edge technology offerings from our domestic companies.”

Speaking more on 'Technovation', Mehta said, “The whole show is themed ‘Technovation’ because the entire industry is going through a transformation, from electric mobility to bio-fuels to hydrogen. Hence, there is a huge change in the dynamics of the industry. Apart from that, the CAFE II norms have already kicked in, there will be a lot of lightweighting, digitalisation of the shop floors and sophistication in terms of engine technologies happening.”

The key details of the show are –

Show size and venue
This edition of the components show is larger than the previous editions, spread across an area of over 60,000 square metres, covering the newly constructed halls (Halls A2 to A5 ground floor and first floor), with additional facilities at the Mezzanine level for parallel networking and conference events, at Pragati Maidan.

Participants
The show has attracted participation from over 800 companies from 15 countries, including Canada, France, Germany, India, Israel, Italy, Japan, Poland, Singapore, South Korea, Switzerland, Taiwan, Thailand, the UK and USA, with six country pavilions – France, Germany, Japan, Poland, South Korea and the UK.

Theme and focus
The components show is themed 'Technovation - Future Technologies & Innovations', and will have the following focused pavilions –

• EV components, innovation and start-ups
• ACMA safer drives
• ACMA industry services
• Bearings pavilion
• Garage equipment pavilion
• REA, Gujarat state pavilion

Showcasing future technologies
It is expected that innovative and advanced technologies in the components sector, in both greener and cleaner energy-saving formats, will be unveiled and showcased through these pavilions.

Networking platforms
The following parallel events are scheduled during the Components show –

• ACMA Aftermarket Summit
• ACMA Global Summit & Automotive Technology Partnership Summit & Expo (ATPSE)
• ACMA IPO Forum
• Stakeholders Awareness cum Consultation Workshop for Development of National Strategy for Phase-down of Hydrofluorocarbons (HFCs)
• ACMA-AIWA Conference on Spare Service Support in a Changing Environment
• SIAM Sourcing Group Forum

These forums will effectively engage the business community to conduct meaningful discussions and initiate dialogues for the future, with an objective to bring the latest and best technologies to the Indian automotive industry.

New products
The participants at the Components Show are using this once in two years opportunity to showcase new products and technologies with around 200 companies launching/displaying over 1,400 new products and technologies.

Visitor facilitation
The following initiatives have been undertaken for business visitors to make the best use of their time, and avoid the long waiting times at registration counters –

• Register and print your own badge/QR code in advance
• Get your pre-registered badge printed at the registration counter by giving your registration number
• Use QR code on mobile phones to enter
• Use tabs at registration counters to fill in details to get your badge

Whilst more than 10,000 business visitors have already used these mediums of registration, the Components Show is expected to be attended by over 100,000 visitors, including businessmen, government officials, diplomatic community and the media, from 40 countries.

Show timings and entry gates
The Auto Expo - Components business hours are 1000-1800 hrs on 12-14 January, 2023 and 1000-1300 on 15 January, 2023. The general public hours are 1330 -1700 on 15 January, 2023.

Entry to the exhibition halls closes every day 30 minutes prior to the closing time, while entry to the events venue closes one hour before closing. There are two gates to enter Pragati Maidan – Gate 4 on Bhairon Road and Gate 10, Metro Gate. Free shuttle services at Gate 10 will be available for the visitors from Pragati Maidan Metro Station to the exhibition halls. Whilst exhibitors can avail of the underground parking at the venue, paid parking facility will be available on Bhairon Road, Opposite Gate 4 of Pragati Maidan.

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Bengaluru-based electric vehicle maker Ola Electric hosted around 150 dealer partners at its Giga Factory and Future Factory facilities for its inaugural Dealer Day event.

The gathering brought together current and incoming retail partners from across India to inspect manufacturing operations, battery pack assembly lines and motor production facilities, as well as to meet with company executives.

The event follows Ola Electric's decision in August 2026 to transition from an exclusively direct-to-consumer, company-owned store framework – used since 2021 – to a franchise retail model.

Under the revised distribution structure, company-owned locations will function as brand experience centres, while dealer partners manage localised vehicle sales and aftersales service operations supported by the manufacturer's existing user base.

The first tranche of franchise locations opened across seven states, including Rajasthan, Tamil Nadu, Maharashtra, Bihar, Telangana, Uttar Pradesh, and Madhya Pradesh.

To support the network restructuring, Ola Electric appointed former Hyundai Motor India President BVR Subbu as Senior Advisor in August 2026 to oversee partner integration and retail operations.

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Electric mobility startup Trev Mobility plans to raise USD 2 million in its upcoming funding round to expand its fleet, enter new geographic markets and develop technology and operational infrastructure.

At present, the company operates a fleet of 105 EVs and plans to expand to 300 vehicles by the end of FY2027. The business targets a fleet size of 2,500 electric vehicles by 2031 through expansion across metropolitan regions and selected Tier-2 locations.

Trev Mobility previously raised INR 35 million from service users and reports progress toward PAT positivity at an annualised revenue run rate of approximately INR 150 million.

Naveen Gupta, Founder, Trev Mobility, said, "We have built Trev around a very clear customer need a reliable, premium and professionally managed mobility experience. Having grown from two vehicles to over 100, our next phase is about taking this model to more markets while maintaining the experience that differentiates us. We are looking to raise USD 2 million to accelerate that journey."

The company operates a direct chauffeur model rather than an aggregator structure, leasing approximately 90 percent of its fleet through financial leases while managing vehicle maintenance internally.

Its fleet includes electric models from MG and BYD, while driver safety technology includes artificial intelligence (AI) cameras to monitor driver fatigue, driving style and seatbelt usage. Chauffeurs are employed on fixed salary structures with performance incentives and insurance coverage.

"We are not trying to compete for every ride. There is a distinct segment of customers for whom the quality of the car, chauffeur, safety and overall experience matters significantly. We believe premium electric mobility can become a category, and our focus is on building Trev as a strong player in that space," Gupta added.

Geographic expansion plans target operational launches in Bengaluru and Mumbai through owned operations, alongside asset-light partnerships to support scaling across urban and Tier-2 markets.

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Ayvens, a global sustainable mobility and fleet management company, has announced its 2029 strategic plan, outlining targets for fleet expansion, operational efficiency improvements and service diversification through 2029.

The company projects growth in its funded fleet of at least 3 percent between 2026 and 2029, alongside a target to lower leased fleet carbon dioxide emissions from 101g/km in 2025 to between 75g/km and 85g/km by 2029.

Under the growth pillar of the strategy, Ayvens plans to expand its retail segment fleet by 15 percent over the 2026–2029 period to reach over 900,000 vehicles, up from 780,000 vehicles in 2026.

The light commercial vehicle segment is targeted to grow by 10 percent to exceed 580,000 vehicles by 2029. To support service margin growth, the company aims to increase insurance and damage cover penetration from 53 percent in 2026 to 56 percent in 2029, while expanding its electric vehicle charging solution, Ayvens Power, across 15 countries.

Operational plans target an improvement in the cost-to-income ratio from approximately 53 per cent in 2026 to around 49 percent in 2029. The company intends to achieve a 30 percent efficiency gain across eight core processes in commercial, finance, and operations functions through artificial intelligence automation.

Furthermore, Ayvens plans to reduce net spend on its EUR 2.6 billion service cost base by approximately 2 percent through sourcing adjustments and cost control measures across its 3.1 million vehicle fleet. IT intensity ratio is projected to drop from approximately 15 percent to around 12 percent.

In the used car leasing market, Ayvens projects a 13 percent compound annual growth rate between 2026 and 2029, aiming for a fleet exceeding 100,000 vehicles. Financial guidance for the 2027–2029 period projects earning assets growth of approximately 10 percent between December 2026 and December 2029.

Annual funding targets include retail deposit net collections of EUR 1 billion to EUR 2 billion, securitisation issuances of EUR 1 billion to EUR 2 billion, and bond issuances of EUR 2 billion to EUR 3 billion.

Philippe de Rovira, CEO, Ayvens, said, “I am pleased to share today Ayvens 2029 strategic plan. As the execution of the PowerUP 2026 plan is about to reach its successful conclusion with the integration of ALD and LeasePlan and the delivery of strong financial results, Ayvens will now enter into a new development phase based on resuming profitable growth and putting operational excellence at the heart of all our processes and actions. The execution of this strategic and financial roadmap will lead to strong value creation for all stakeholders and upgraded financial targets, notably a Return on Tangible Equity in the range of 14 percent to 16 percent. I would like to thank our employees for their unwavering commitment and professionalism to better serve our customers every day.”

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TVS Automobile Solutions (TVS ASL), part of the TVS Mobility Group and owner of the automotive aftermarket brand myTVS, has secured INR 4.25 billion in a Series D funding round led by CE-Invests, the strategic investment arm of UAE-based Crescent Enterprises.

The capital raise will support myTVS’ plans to invest in artificial intelligence (AI) and technology infrastructure to target a 25–35 percent near-term growth rate and prepare for eventual public-market readiness. The partnership also aims to expand the myTVS technology and service model into international markets, focusing initially on the Middle East and North Africa (MENA) region.

The company achieved EBITDA breakeven in FY2026. Prior to this round, myTVS had raised approximately INR 6.90 billion, including INR 2.03 billion from Lingotto in 2022 and INR 4.87 billion from Castrol in 2023. NAFA Sustainable Finance acted as the financial advisor to TVS ASL for the capital raise.

The myTVS platform integrates digital operations with physical service centers, supplying vehicle maintenance, parts, accessories, tyres, batteries, insurance and roadside assistance to retail customers and fleet operators across India.

Badr Jafar, CEO, Crescent Enterprises, said, "Built over generations of trade, enterprise and human connection, the UAE–India relationship is becoming ever more important – not only to both countries, but to economic growth across MENA, Asia and beyond. The strongest economic corridors carry more than capital: they move technology, ideas and operating expertise in both directions. When India’s scale, talent and innovation connect with the UAE’s capital, infrastructure and regional reach, each market becomes a platform for the other’s growth. That reciprocal model creates value far beyond either country and reflects principles that have long shaped Crescent Enterprises’ investment and partnership strategy."

R Dinesh, Director, TVS Automobile Solutions, said, "We are delighted to have CE-Invests as an investor. myTVS has scaled up its technology-led services and parts platform to serve the end customer directly and by working with various corporate partners and vehicle manufacturers in India. This investment is a further proof that this technology-led platform is capable of delivering a similar experience in other markets. This will further enable the company to scale up its operations in India and the MENA region and continue to maintain its profitable growth. This partnership will only further increase its rate of growth, and CE Invests is the perfect partner for the Middle East."

Tushar Singhvi, Deputy CEO and Head of Investments, Crescent Enterprises, said, "myTVS has demonstrated that an integrated, technology-enabled platform can bring meaningful improvements in service quality, transparency and vehicle uptime at scale. This investment fits squarely with CE-Invests’ strategy of backing established, well-governed businesses with strong fundamentals, proven operating models and the potential to expand across the MENA–Asia corridor. Alongside capital, we will bring market insight, commercial relationships and regional execution support to help myTVS establish a strong UAE presence and grow across MENA."

Ameya Prabhu, CEO, NAFA Group and Director at NAFA SF, said, "We are pleased to have advised TVS Automobile Solutions on this strategic capital raise and to have facilitated the partnership with CE-Invests. We believe this provides a strong platform for myTVS to accelerate its growth in India while exploring opportunities for expansion in the MENA region. We congratulate both teams on the successful transaction and look forward to seeing the partnership create significant value in the years ahead."

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