New Delhi: The Federation of Automobile Dealers Associations (FADA) hosted the fifth edition of the Auto Retail Conclave, focusing on the theme “Collaborate-Innovate-Accelerate” immediately after the 59th AGM. The conclave witnessed the presence of prominent laders from the automobile industry, alongside participation from dealer members representing various regions of the country.
The Conclave was inaugurated by Nitin Gadkari, the Union Minister of the Ministry of Road Transport & Highways. Also present on the occasion were Vinod Aggarwal, President SIAM, Ms. Shradha Suri Marwah, President ACMA, along with Manish Raj Singhania, President FADA and C S Vigneshwar, Vice President FADA.
Nitin Gadkari said at the Conclave, “I would like to extend my heartfelt congratulations to the automobile industry for India becoming the third largest automobile manufacturers in the world. However, our aspirations reach even higher—we aim to position ourselves as the world’s leading auto manufacturing hub, and this ambition will require a collaborative effort, uniting India’s strengths with global brands. The automobile sector holds a pivotal role, contributing a substantial 40% to India’s manufacturing GDP.”
“Our initiatives in recycling materials such as Aluminium, Copper, Steel, Rubber, and Plastic components are poised to reduce automobile component prices by a significant margin of 25-30%. To strengthen our industry’s competitiveness, we’ve set up scrapping centres, welcoming dealerships to participate and even establish training centres. The scrappage policy promises to have a profound impact on our manufacturing costs, making us more globally competitive,” he added.
“I would encourage dealers to take in initiating scrapping centres, fitness centres, and driving training centres. This proactive step not only rejuvenates businesses but also aligns with our broader mission of promoting green mobility. Also, the government is committed to providing all necessary support for these initiatives, Nitin Gadkari said.
“I would like to extend my heartfelt appreciation to the dedicated dealer fraternity for their unwavering commitment to serving customers and urge OEMs to work closely with dealers to enhance revenue generation, recognizing them as integral components of automobile ecosystem. As our industry evolves and adapts to rapid changes, let us move forward together, with dealers, OEMs, and component suppliers working all together to achieve our goals going forward” the Union Minister said.
Welcoming all the members from the entire automotive ecosystem at the Auto Retail Conclave, Manish Raj Singhania said, “Today, as we gather for the 5th Auto Retail Conclave, it marks a moment for collective aspiration. Our recent 59th Annual General Meeting allowed us to evaluate our growth trajectory. I extend a heartfelt salute to our esteemed minister, Shri Nitin Gadkari ji, for his visionary initiatives that have transformed India’s highways into world-class expressways, sparking a surge in vehicle sales. As stewards of road safety, we’ve launched our ‘Buckle Up Campaign’ to remind our customers of the crucial importance of safety on the roads.
He further added, “The 2-wheeler industry is an important part of the mobility ecosystem, and hence urge the government to reduce the GST rate from 28% to 18% for entry-level 2-wheelers in the 100-125 cc range. This change isn’t just a policy adjustment; it’s a catalyst for socio-economic progress.”
Singhania urged the Presidents of SIAM and ACMA to present a unified front for a joint meeting involving SIAM, ACMA, and FADA to discuss issues that require collective attention. “The time has arrived for all of us to adopt a more collaborative approach to innovate and accelerate toward a more resilient future,” he added.
The conclave witnessed the unveiling of the Auto Dealers Day Logo, which is to be celebrated on September 19. Further enhancing the significance of the occasion a coffee table book titled ‘Golden Dealerships in Auto Retail Business’ was launched.
FADA felicitated Honda Cars India Ltd. (HCIL) for signing this New Dealer Agreement in accordance with FADA’s MDA, emphasizing the industry’s collaborative and forward-thinking approach. HCIL has exemplified its commitment to industry best practices by aligning its new dealership agreement in sync with FADA’s Modern Dealership Act draft. This proactive step, recognized and celebrated at the conclave, underscores HCIL’s dedication to robust dealer partnerships.
The conclave witnessed a series of sessions with industry-able leadership sharing their views and vision for the sector and its challenges. The key Power Panel discussion was on strengths and opportunities in 2-wheelers and 3-wheelers, followed by strengths and opportunities in Passenger Vehicles and Commercial Vehicles.
Panel-1 discussions: The panel at DSS’23, on “Strengths & Opportunities in 2-Wheelers and 3-Wheelers,” discussed the key strengths and emerging opportunities in these industries. This includes affordability, urban mobility solutions, electric and autonomous technologies, and changing consumer preferences. The efficient panelist gave insights into the future potentials of these sectors.
MOVE WITH META : Lead Generation Solutions for dealers session, led by industry experts Ms. Geetika Vig and Ms. Sharanbir Kaur from Meta, offered insights and strategies to empower dealers with effective lead generation in the digital age, enriching the conclave with cutting-edge expertise. Following this, there will be another session on “Turbocharge Your Business ROI with Google” led by Ms. Deepti Matai, Head of Industry, Auto, Google.
MoU between FADA and Lawyered: The MoU between FADA and Lawyered, in the presence of association members and Himanshu Gupta, Founder and CEO, Lawyered and Gautam Saraf, Chief Strategy Partner , Lawyered, is to empower customers with necessary resources and knowledge to make well informed decisions in regard to issues related to Challans and Vehicle Seizures.
MoU between FADA and Onsurity: The MoU signing between FADA and Onsurity, in the presence of association members and Yogesh Agarwal, Founder & CEO, Onsurity and Kulin Shah, Co-Founder & COO, Onsurity, signifies a crucial step in their collaborative efforts to bring innovative solutions to the automotive sector and its stakeholders.
Panel -2 discussions: The panel-2 discussion was on strengths and opportunities for both the Passenger Vehicles and Commercial Vehicles sectors. The experts will explore the unique qualities and growth prospects in these segments, shedding light on the factors that drive their success in today’s dynamic automotive industry.
FADA Academy: With over 4.5 lakh employees in the dealership industry, FADA aims to strengthen the automotive sector’s workforce through the FADA Academy. Vinkesh Gulati, Chairman of FADA Academy & Research, explained the academy’s future plans.
Dealer Satisfaction Study 2023 Presentation of Awards: An award ceremony was conducted to honour the winners of FADA’s 2023 Dealer Satisfaction Study, conducted with PremonAsia, a Singapore-based consumer-insight consultancy. The survey spanned diverse industries and regions in India, acknowledging top-performing OEMs in 2W, CV, PV (Mass), PV (Luxury), and elite categories. Also, the conclave featured the prestigious Golden Dealer Award presentation alongside felicitation of partners, FADA said in a media release.
