- Auto industry
- components
- the Automotive Components Manufactrers Association Of India
- ACMA
- growth
- firt half
- 2024
- financial year
Auto Component Industry Posts 11 Percent Growth in H1FY25
- by Gaurav Nandi
- December 12, 2024
The Automotive Component Manufacturers Association of India (ACMA) revealed a robust 11.3 percent growth in India’s auto component industry for the first half of fiscal 2024-25, with turnover reaching INR 3,320 billion from April to September 2024.
ACMA Director General Vinnie Mehta highlighted the sector's resilience, supported by steady vehicle sales and exports. Domestic supplies to OEMs rose 11.2 percent to INR 2,830 billion, while exports expanded 7 percent to INR 933 billion, maintaining a USD 150 million trade surplus. Imports grew 4 percent to INR 920.5 billion. The aftermarket also recorded a 5 percent increase, reaching INR 474.16 crore.
“Despite global headwinds, the industry’s performance underscores its adaptability and strong fundamentals,” Mehta remarked.
ACMA President Shradha Suri Marwah noted the return of vehicle sales to pre-pandemic levels. “While two-wheeler sales surged, passenger and commercial vehicle sales remained moderate. Export challenges including rising freight costs, posed hurdles, yet the industry displayed resilience, maintaining stable value growth,” she stated.
Marwah emphasised ongoing investments in technology upgrades, localisation and higher value-added components to meet evolving market demands.
Officials also noted that North America and Europe each accounted for 31 percent of total exports. North America grew 8.3 percent, while Europe held steady. Asia, representing 22 percent, saw a 10 percent uptick.
Asia dominated with 65 percent of imports, followed by Europe (27 percent) and North America (7 percent). Imports from Asia rose 5.5 percent, while those from Europe increased 3.2 percent. North American imports declined by 8.3 percent.
The aftermarket’s 5 percent growth reflects the sector's evolution, driven by the rising penetration of e-commerce and growing demand in rural areas. The trend indicates a gradual shift towards an organised market structure.
ACMA’s review reinforces the auto component sector’s vital role in India’s economy, with strong growth prospects driven by strategic investments and market resilience.
Elaborating on the mood of the industry and outlook for the near to mid-term future, Marwah mentioned, “The festive season brought significant sales across most segments of the vehicle industry. However, reflecting on the past eight months of this fiscal year, while two-wheelers have shown promising growth, sales of passenger vehicles (PVs) and commercial vehicles (CVs) has been relatively moderate. On exports front, with geological challenges, delivery time and freight costs have once again gone up. That said, in value terms, the industry remains in robust health, signalling stability and resilience amidst evolving market dynamics. The components industry continues to make investments for purposes of higher value-addition, technology upgradation and localisation to stay relevant to both domestic and international customers.”
- Kogo
- MapmyIndia
- Universal Voice Assistant
- Automotive Industry
- Bharat Auto Expo 2025
Kogo, MapmyIndia Unveil Voice Assistant For Automotive Industry
- by MT Bureau
- January 25, 2025
Bengaluru-based Kogo partnered with MapmyIndia to launch a universal voice assistant for the automotive industry at the Bharat Auto Expo 2025. This breakthrough leverages Kogo’s Agentic Mesh and MapmyIndia’s deep learning geo-intelligence stack, providing an on-premises, edge-computing platform that ensures data privacy and safety for end customers.
The platform not only transforms in-car interactions but also opens new avenues for app businesses and services to develop their own AI agents and offer them via the Kogo AI Agent Store, reaching millions of car and motorcycle owners across India.
Unlike existing voice assistants that are limited to basic in-car commands, the Kogo-MapmyIndia universal assistant delivers natural language conversations, the ability to surf the internet and real-world impact by operating apps and services beyond the vehicle.
“This is a game changer in the automotive industry, elevating user engagement, safety and service delivery to unprecedented levels. By combining Kogo’s agentic AI technology with MapmyIndia’s geo-intelligence, we’re not just innovating – we’re setting a new benchmark for the entire industry,” Kogo Chief Executive Officer Raj K Gopalakrishnan.
The platform enables app developers and service providers to create and distribute their own agents through the Kogo AI Agent Store. These agents can cater to a wide array of needs, from personal assistance to business automation, creating a vibrant ecosystem for innovation.
“We designed the platform to work entirely on-premises and at the edge, ensuring that end customers’ data remains secure and private. Our vision is to empower every vehicle owner with an AI assistant that is not only powerful but also respects their privacy,” averred Kogo Co-Founder Praveer Kochhar.
With the ability to integrate seamlessly into the existing infrastructure of automotive manufacturers, this platform promises to redefine how vehicles interact with their owners. From voice-controlled operations to advanced task automation, the Universal Assistant is poised to lead the way in automotive AI innovation.
- Bharat Mobility Global Expo 2025
- Hindustan Zinc Limited
- Zinc Diec Casting Alloy
- Auto Components
- ZAMAK
Hindustan Zinc Showcases Range Of Zinc Products At Bharat Mobility Global Expo 2025
- by MT Bureau
- January 22, 2025
Hindustan Zinc Limited, India’s largest and the world’s second-largest integrated zinc producer, showcased its new zinc die casting alloy product range HZDA 3 and HZDA 5 (Hindustan Zinc Die Casting Alloy) at the Bharat Mobility Global Expo 2025. Along with the world’s largest zinc product portfolios, the company also displayed lead, silver and value-added products at the event at Pragati Maidan in Stall 6 – Hall 11.
The company's zinc die casting alloys are designed to meet the changing demands of the automobile industry. They are specifically made for the hot chamber die casting process. The main manufacturer of these alloys, which are otherwise imported into the nation, is Hindustan Zinc, which is often referred to as ZAMAK in the marketplace. Die casting alloys from Hindustan Zinc provide outstanding castability, long-term dimensional stability, quick machining and excellent plating, painting and chromate treatment finishing. Higher strength, electrical conductivity, corrosion resistance and dimensional tolerance are all provided HZDA 3 and HZDA 5.
Hindustan Zinc's low-carbon ‘green’ zinc, known as ‘EcoZen’, was another major attraction at the event. It has a 75 percent lower carbon footprint than traditionally produced zinc and can save around 400 kg of carbon emissions when galvanising one tonne of steel. Silver improves conductivity and efficiency in automobile electronics, such as switches and relays, whereas lead is essential for automobile batteries, components and radiation shielding.
Arun Misra, CEO and Whole-time Director, Hindustan Zinc Limited, said, “The automotive industry is at the forefront of shaping a sustainable future, and Hindustan Zinc is proud to be a partner in this journey. We are committed to delivering innovative, high-quality solutions that not only meet but exceed the industry’s expectations. Our vast product portfolio will play a pivotal role in driving efficiency, sustainability and design excellence in automotive manufacturing. We are excited to showcase our diverse metals at Bharat Mobility Global Expo 2025, a platform that mirrors our vision of co-creating a future beyond boundaries.”
ZF showcased the EasyTurn suspension strut axle concept for the first time in India. This advanced axle design expands the steering angle of a conventional front axle from approximately 40-45 degree to an impressive 80 degrees.
EasyTurn transforms larger vehicle models into highly agile entities, allowing them to navigate tight parking spaces and perform U-turns in exceptionally confined areas, equivalent to the width of soccer goal. This significant advancement improves the turning radius for a typical midsize passenger car up to 30 percent, simplifying numerous urban driving scenarios.
Aligned with the global shift towards sustainable mobility, EasyTurn is compatible with rear-wheel drive vehicles commonly seen in electric cars. Additionally, it fits seamlessly with MacPherson axle systems, which cater to around 80 percent of modern vehicle platforms, showcasing its suitability for widespread market adoption.
"EasyTurn represents a major leap forward in our commitment to innovative mobility solutions," says ZF Group India President Akash Passey. "By increasing the steering angle to an unprecedented level, we provide enhanced agility and efficiency that meet the demands of urban environments and contribute to a sustainable future for mobility,” he added.
The innovative EasyTurn axle system offers substantial benefits for both passenger and cargo vehicles, particularly in congested urban areas. It excels in narrow alleys, construction sites, parking spaces, traffic jams and loading zones, delivering nearly effortless turning and parking manoeuvres.
ZF continues to enhance vehicle technology, driving forward the next generation of mobility solutions that meet the demands of modern transportation. With EasyTurn, ZF sets a new standard in vehicle steering capability, expanding possibilities for vehicle design, driving experiences and redefining India’s mobility.
- Detailing Mafia
- Car Care Products
- Bharat Mobility Global Expo 2025
Detailing Mafia Launches Premium Car Care Products
- by MT Bureau
- January 22, 2025
Detailing Mafia launched a new range of premium car care products at the Bharat Mobility Global Expo 2025. The move underscores the brand’s ambition to expand its offerings, setting new benchmarks in high-quality car detailing solutions. The launch includes Labocosmetica’s latest product line, designed for vehicle maintenance and protection with advanced washing, decontamination and polishing capabilities.
Additionally, the brand introduced PPF coatings in matte and gloss finishes for trim protection, the Yellow Wing traffic film for white cars and an innovative carbon fibre PPF with top coating, enhancing vehicle durability and protection.
Unveiling these products at the expo was a strategic effort to engage directly with car enthusiasts passionate about vehicle care and entrepreneurs seeking premium, international-standard detailing products. The Detailing Mafia also organised live demonstrations to maximise booth engagement and attract aspiring professionals in the car detailing industry.
Speaking on the occasion, Chief Executive Officer Kunal Sethi said, “It was a great experience participating in the event. It provided us with an opportunity to connect with the various stakeholders and help them understand the benefits of opting for premium car detailing products and services.”
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