Holostik showcases its anti-counterfeiting solutions at ACMA’s 58th annual session

Holostik the leader of anti-counterfeiting solutions in India participated at the 58th Annual Session of ACMA (Automotive Component Manufacturers Association of India) – an apex body of auto-component industry in India. The event was held on the 5th of September at Hotel Taj Palace New Delhi. Holostik marked its presence at the event by showcasing its cutting-edge anti-counterfeiting solutions for different kinds of automotive products. Delegates from the automotive industry swarmed at the stalls of Holostik to witness the best anti-counterfeiting solution for their products.

Since the automotive industry suffers from massive counterfeiting in the aftermarkets it can be secured with the latest anti-duplication products and solutions provided by Holostik. This will not just boost the growth of automotive industry but will also ensure safety of consumers who lose their life, every year, due to counterfeit automotive products. The annual session was addressed by Mr. Anant Geete, Hon’ble Minister for Heavy Industries and Public Sector Enterprises, Mr. Suresh Prabhu, Union Minister for Commerce & Industry, Civil Aviation, Government of India, Mr. Nitin Gadkari, Hon’ble Union Minister of Road Transport and Highways, Government of India and Dr. Asha Ram Sihag, Secretary, Department of Heavy Industries, Ministry of Heavy Industry & Public Enterprises, Government of India.

The event was also garnered by the presence of eminent personalities from the automotive industry which include Mr. Kenichi Ayukawa, Managing Director, Maruti Suzuki India, Mr. Guenter Butschek MD and CEO, Tata Motors, Mr. Minoru Kato, President and CEO, Honda Motorcycle and Scooter India, Mr. Rakesh Bharti Mittal, President CII & Executive Vice Chairman, Bharti Enterprises, Dr. Pawan Goenka, Managing Director, Mahindra & Mahindra, Dr Abhay Firodia, President SIAM & Chairman, Force Motors, Mr. Nirmal Minda, President, ACMA & CMD, Minda Industries and Mr. Ram Venkataramani, Vice President ACMA & MD, IP Rings.

A study titled “Auto Component Industry in India: Preparing for the future” was released by Chief Guest Mr Anant Geete at the session. The study revealed that there is a huge potential of opportunities for the auto-component industry in India. This will be boosted by the growing vehicle consumer market along with the introduction of next-generation mobility.

While commenting on the future of automotive industry Mr. Nirmal Minda, President, ACMA said, “the auto and auto component industry, globally and in India, is undergoing a transformation across its entire supply chain; several factors such as new regulations on emission, safety & environment, fast-changing customer preferences, shifting economic dynamics and trade policies are reshaping our industry. The case globally, e-mobility is fast catching the imagination of our policy makers; a definite policy delineating the roadmap for e-mobility in India is, therefore, the need of the hour. We are confident that as hybrid and electric technologies gains traction, vehicle manufacturers will support localisation of components.’

 Mr. Nitin Gadkari, Hon’ble Union Minister of Road Transport and Highways, Government of India highlighted “To strengthen the economy, our government is actively pursuing the policy of substituting imports and boosting exports. I am pleased to see the auto component industry perform remarkable in turnover and exports. I believe there are immense possibilities for this sector to grow further.  Our government is driving the agenda of promoting Innovation, entrepreneurship, technology and research.”

On the occasion, Mr. Anant Geete, Hon’ble Union Cabinet Minister for Heavy Industries, Government of India and Public Sector Enterprises, said “The automotive industry is the top contributor to the Government of India’s Make in India initiative and has accounted for maximum investments under the program. Going forward, we would be framing the auto policy in accordance with the current state of the automotive industry and demands of the future. I assure the ministry of heavy industries will support the industry to resolve all issues and concerns.”