Notwithstanding the current slowdown in the automotive industry, representatives of various trade associations opined that this may be a temporary situation that will soon lead to better times
FADA’s 2nd Auto Retail Conclave was inaugurated on September 5, 2019 in New Delhi in the presence of the entire automotive ecosystem which witnessed the participation of presidents of leading industry bodies such as SIAM, ACMA, FADA and the Australian Dealers Association along with the participation of dealers from some of the farthest corners of the country, including Jammu, Kashmir, Assam, Sikkim, Manipur and Nagaland. The conclave also witnessed the unveiling of the CMVR Act by the presidents of all the three associations, namely, SIAM, ACMA and FADA.
The conclave expounded the support of the 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 for the complete automotive industry to move to market share by way of vehicle registrations, 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 members present for the occasion, 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 that 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 15,000+ dealers operating from 25,000+ 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 cooperation and efforts of the automobile ecosystem that includes OEMs, component manufacturers along with the dealer community and the government, we will soon be on the road to recovery.”