63rd ACMA Annual Summit

The 63rd ACMA Annual Summit had the automotive industry stakeholders reset their goals. Ashish Bhatia points out the influencing factors that played out this year.

- Ashish Bhatia

It's an annual ritual to reset expectations at the ACMA Annual Summit and the 63rd edition was no different. With stakeholders of the automotive components industry and Original Equipment Manufacturers (OEMs) in attendance, as one. The event witnessed the participation of over 1,500 delegates from OEMs, components manufacturers, government officials, and other stakeholders. The government's representation hailed the supplier industry's efforts and at the same time set forward-looking targets for the fast-growing economy and the world's prospective manufacturing hub. Held with ISRO's remarkable feats as the backdrop, in attaining the soft landing on the lunar south pole as the first nation with Chandrayaan 3. The conclusion of the G20 Summit with India as the host nation, traced to the venue and Delhi vicinity lit up in all its glory, naturally the spirits were at an all time high. There was palpable optimism in the air and the prospects for further growth and expansion for all the stakeholders. involved were deliberated with actionable insights shared through a joint research report by ACMA and McKinsey & Co. Themed on 'Mobility 360° - Sustainability for competitiveness'. It made for the apt backdrop for all deliberations that followed suit.