Mumbai, June 03, 2022.

The Federation of Automobile Dealers Associations (FADA) held its first Finance and Insurance Summit- 2022 today at Mumbai. The summit was organised to bring industry stalwarts on one platform to discuss the ongoing opportunities and challenges in the Indian Automobile industry with reference to Finance & Insurance. The leadership shared their views & vision for the sector and urged industry to initiate some of the best practices for a better future.

The sessions were graced by Shri Ashish Kumar Singh, IAS, Additional Chief Secretary (Transport & Ports), Govt. of Maharashtra along with some of the Industry leaders from  Finance & Insurance sector,  Mr B Ganesh Kumar, Founder & CEO Kuwy Technology Service Pvt. Ltd,  Mr Rajan Pental, Sr. Group President & Global Head – Retail Banking Yes Bank, Mr Ramesh Iyer, Chairman, FIDC & MD – Mahindra Finance andMr. Amar J Sheth, State Chairperson Maharashtra, Mr Vinkesh Gulati, President,  Federation of Automobile Dealers Associations (FADA)  and Mr. Manish Raj Singhania, Vice President, FADA  led the sessions along with other FADA dignitaries.

Expressing his gratitude to the hon’ble guests, and appreciating the contribution made by Insurance & Finance sector in crafting the Automobile business and playing an important role in reviving the Automobile industry, Mr Vinkesh Gulati, President of FADA, said, “Throughout their existence, Finance & Insurance (F&I) have been the backbone of the Indian economy. In recent years, the F&I sector has made enormous contribution to the growth of the Indian automobile industry and the dealer community. Dealerships are a dynamic business and need finance support every off and on, the Finance & Insurance sector has really given us the best of their support we needed from them. Insurance & Finance Industry holds a significant role in revitalizing the confidence of the industry both on supply & demand sides. As a representative of the entire fraternity, I would like to thank you for your continued support of our business model & giving it the trust it deserves. As we move forward, I assure you the dealer community will do its best to make this relation efficient and drive the sector forward.”