New Delhi, 5 September,2019: FADA’s 2nd Auto Retail Conclave was inaugurated this afternoon in the capital today, in the presence of the entire automotive ecosystem, which was present at the conclave. The 2nd Auto Retail Conclave saw not just participation of Presidents of industry bodies SIAM, ACMA, FADA and the Australian Dealers Association, but also participation of dealers from some of the farthest corners of the country – like Jammu & Kashmir, Assam, Sikkim, Manipur & Nagaland. The conclave also witnessed the unveiling of the CMVR Act, by the Presidents of all the three associations – SIAM, ACMA & FADA.
The conclave expounded the support of Ministry of Road Transport in achieving transparency in vehicle registration, across the segment and in different states, giving a clearer picture of the retail sales figures. FADA reiterated the need of the complete automotive industry to move to market share, by way of vehicleregistrations, which is accepted internationally and will be for the betterment of the industry. Additionally, FADA expects the latest government measures to take effect soon and reverse the ongoing slowdown.
Welcoming all the members from the entire automotive ecosystem at the Auto Retail Conclave Mr. Ashish Harsharaj Kale, President FADA said, “Despite the current challenges, the dealer business is a long term business, which has supported generations of automobile Dealers and Our employees and will continue to do so. Having faced an unexpectedly challenging situation, the Auto Retail Conclave today has deliberated on issues, which will strengthen our community and make us future ready. FADA and its members are not afraid of the changing landscape of the mobility solutions of our nation. We will wholeheartedly adapt to the Changes and Support the vision of our government in becoming a strong self-reliant nation.”
He further added, “We hope the festive season will be better in terms of sales and this will have a positive effect on job recoveries. FADA over the past few months has played an important role in impacting the policy decisions that affect the industry and the aspirations of 15000 plus dealers operating from 25000 plus setups, directly employing over 25 lakh employees. We believe the current slowdown that the industry is facing is just a Temporary blip and with the joint effort from the automobile ecosystem that includes OEMs, Component manufacturers along with dealer community & the government, we will soon be on the road to recovery.”