acma press conference
TRANSCRIPT
ACMA Press Conference -Indian Auto Component Industry
Performance Review- FY 19 Strategic Partnership:
India- Brazil
- Vinnie Mehta
Director General
➢ Established in 1959
➢ Apex body of Auto Component Industry in India
➢ Over 850+ members from the Organized sector
➢ Represents 85% of the Industry by turnover
➢ Represented on all Strategic bodies - Government & Industry
➢ Offices across all Regions in the Country
➢ An ISO 9001-2015 Institution
About ACMA
ACMA – Excellence in Service Delivery2
Snapshot of Indian Automotive Industry
Employment:
Direct: 8 million
Indirect: 290 million
Contribution to Industrial GDP:
27 %
Exports:
8% of total export
Contribution to GDP:
7.1 %
GST Contribution
15% of total GST Collection
Contribution to
Manufacturing GDP:
49%
4th Largest Automotive industry globally
3
Passenger Vehicles Production
(’000 units)
Source: SIAM
3.465
3.801
4.010 4.028
3.434
2015-16 2016-17 2017-18 2018-19 2019-20
7.5 %
9.6%
5.4%
0.3%
-14.76 29.320
115.540
218.486
251.384
370.281
341.863
294.821
384.221
(units)
Growth rate
Annual PV Production: 2015-2020 Monthly PV Production: May-Dec 2020
CAGR:1.3% (2015-20); 10.8% (2008-14)
4
Other Vehicles ProductionAll figs in ’000 units
Source: SIAM+TMA+ICEMAFigures for financial year – April to March
787 810895
1112
752
2015-16 2016-17 2017-18 2018-19 2019-20
Passenger + Goods Carriers
19764 2071924177
2576922170
2015-16 2016-17 2017-18 2018-19 2019-20
Two & Three Wheelers
13%3%
10%
24%
2%5%
17%7%
570691
790 820761
2015-16 2016-17 2017-18 2018-19 2020
Tractors
-7%21%
14%
4%
6876
8292
75
2015-16 2016-17 2017-18 2018-19 2019-20
Construction Vehicles
11%
12%
8%
12%
Growth
rate
-32% -14%
-7% -18%
5
(Turnover includes supplies to OEMs, aftermarket sales
and exports)
Auto Components Industry Performance: H1 FY 2021
15.9
H1 2020 H1 2021
-34%
26.2
• Indications of vehicle demand sustaining post the festive season
• Industry cautiously optimistic about near to mid-term future
Growth in INR Turnover in USD Billion
Tu
rno
ve
r in
IN
R’ C
rore
(U
SD
Bill
ion
)
234869 (38.50)255635 (39.00)
292184 (43.55)
345635 (51.20)
395902 (57.10)
349637 (49.27)
2014-15 2015-16 2016-17 2017-18 2018-2019 2019-2020
CAGR: 8%
11.1%
8.8%
14.3%
18%
14.5% -11.7%
6
68522 (11.22) 70916 (10.90) 73128 (10.90)
90571 (13.50)
106048 (15.20) 102623 (14.50)
2014-15 2015-16 2016-17 2017-18 2018-19 2019-20
USA 26% Brazil 4%
Germany 7% Italy 3%
Turkey 4% Bangladesh 3%
Thailand 4% Mexico 3%
UK 4% UAE 3%
Export Destinations: Top 10 Countries in %
Exp
ort
s in
IN
R’ C
rore
(U
SD
Bill
ion
)
CAGR: 8%
10.4%3.5%
3.1%23.9%
17.1%
61%
Growth rate
in INR
North America30%
Europe30%
Asia27%
Latin America
6%
Africa6%
CIS & Baltics…
-3.2%
Exports – Auto Component Industry: 2019-20
7
82931 (13.58)90662 (13.82), 90571 (13.50)
106672 (15.90)
123688 (17.70)
109601 (15.40)
2014-15 2015-16 2016-17 2017-18 2018-19 2019-20
China 26% Thailand 5%
South Korea 14% Singapore 5%
Germany 11% Italy 3%
Japan 9% UK 3%
USA 7% Belgium 3%
Origin of Imports: Top 10 Countries in %
Imp
ort
s in I
NR
’ Cro
re (
US
D B
illio
n)
-11.4%
7.5%
9.3% -0.1%
17.8%14.4%
CAGR:6%
85%
Growth rate
in INR
Asia65%
Europe 26%
North America8%
Latin America
1%
Africa0%
CIS & Baltics
0%
Imports – Auto Component Industry: 2019-20
8
39875 (6.5)
44660 (6.8)
56096 (8.4)
61601 (9.2)
67491 (10.1)69381 (9.8)
2014-15 2015-16 2016-17 2017-18 2018-2019 2019-2020
Indian Automotive Aftermarket: 2019-20T
urn
ove
r in
IN
R’ C
rore
(U
SD
Bill
ion
)
Growth rate in
INR
CAGR: 12%
12.%
12%
25.6%
9.8%
9.6%
2.8%
9
FY21-22: Outlook for Auto Component Industry
Headwinds:
• Sustainability of demand &
economic recovery
➢ Increasing Commodity Prices
➢ Logistics Challenges –
availability of containers
➢ Semiconductors availability
• Resurgence of pandemic
• FY21-22: Year of recovery; expected growth 15-20%
Tailwinds:
• Global GDP growth in 2021 5.5%;
India 11% (IMF)
• Vaccination - hope & confidence
• V-shaped recovery in auto & others
• Positive Policy Measures – Auto PLI
We hope for a Positive growth Curve for the Next 5 Years!
10
Building Strategic Partnership
11
69,61 60,38
95,57110,37
66,40
283,76 277,84
492,63511,04
534,95
2015-2016 2016-2017 2017-2018 2018-2019 2019-2020
India Imports from Brazil India Exports to Brazil
India-Brazil Auto Components Trade
Both countries have scope to increase bilateral trade
Figures in USD Million
12
Strategic Approach
➢ Deepen Trade - explore possibility of expansion of existing PTA or enter into FTA.
➢ Facilitate partnerships in both process and product technologies.
➢ Build strategy for de-risking through joint manufacturing / partnerships.
➢ Opportunity for Brazil to collaborate for E-10/E-20 Technologies
➢ Opportunities in new technologies: Safety & Emission, Automotive Electronics, xEV components,
telematics, ADAS, and other newer technologies
➢ Facilitate B2B and B2C events between ACMA & Sindipeças
➢ Invite delegation from Sindipeças during Auto Expo 2022, 03 – 06 February, 2022, New Delhi
13
ACMA
The Capital Court, 6th Floor, Olof Palme Marg, Munirka, New Delhi – 110 067
Tel: 011-26160315, Fax: 011-26160317
E-mail: [email protected], Website: www.acma.in
Thank You