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Wednesday, 5 February 2014

26 global models to be unveiled at Auto Expo 2014

New Delhi: Amid economic slowdown, Auto Expo, the biggest spectacle in the Indian automobile sector, will begin next week with the industry hoping for a recovery in demand through the show which will see 70 new unveilings.

Unlike in the past, the 12th edition of Auto Expo will be split into two due to space constraints, with the motor show being held at Greater Noida and auto components exhibition at the traditional venue of Pragati Maidan during February 5-11.

"There is pent-up demand, but consumers are delaying purchases because of factors like lesser income, high interest rates and inflation," Vikram Kirloskar, president of the Society of Indian Automobile Manufacturers (SIAM), told reporters here.

"We are hoping that this Auto Expo will draw them out to trigger demand, although the revival in the automobile market is unlikely unless there is a revival of economic growth."

During the expo, co-organised by SIAM, the Confederation of Indian Industry (CII) and the Automotive Component Manufacturers Association of India (ACMA), 70 new vehicles will be unveiled. Of these, 26 will be global models.

"Moreover, 15 global cars will be unveiled during the show...," Mr Kirloskar said.

The Indian auto industry has been reeling under a prolonged slowdown, with annual car sales having declined for the first time in 11 years in 2013, posting a 9.59 per cent dip.

On the splitting of the show into two, he said: "Though we would have liked to have the event at a single venue, the paucity of space has led us to have two different venues for auto and component makers. We don't like the idea of having the event at two separate places."

He, however, evinced hope that the government would look into the issue of providing adequate space so that in future the event could be held at a single venue.

The organisers ruled out the possibility of moving the show from Delhi-NCR saying the expo has been globally identified with the Capital, which is also the biggest market for cars along with the adjoining regions of Gurgaon and Noida.

SIAM director general Vishnu Mathur said a total of about 5.40 lakh people were expected to visit. At the last expo in 2012, an estimated 7 lakh people had visited the expo.

"We expect around one lakh footfalls per day on the public days between February 7-11 at Greater Noida for the motor show. At the component show at Pragati Maidan, we expect 10,000 people per day," Mr Mathur said.

When asked about the number of exhibitors during the event, Mr Kirloskar said, "This time around, we have 55 exhibitors at Greater Noida in comparison to 45 in the last edition of the Expo."

However, the number of exhibitors at the component show, which will be held during February 6-11, is less at 1,100 from 1,500 in the last exhibition.

The ticket prices for general public have been kept the same as last time at Rs. 200 and Rs. 500, Mr Mathur said.

The Grater Noida venue will have 60,000 sq mts of gross exhibition area, while the Pragati Maidan will have 5,000 sq mts

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