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Let’s speak in one voice to resolve pending issues: FADA
Automobile dealers body FADA aims to bring major auto industry bodies together to effectively engage with government regarding various issues plaguing the sector, a top official said.
By
migrator
migrator
New Delhi
Vinkesh Gulati, after taking over as new President of the Federation of Automobile Dealers Associations (FADA), said the move is important to get much needed attention from the government regarding various policy matters and long-standing demands
Elaborating on tasks at hand, he said FADA would also work for making auto retail business viable again by taking steps to enhance profitability of the dealer community which has been hit hard by a prolonged slowdown
The industry body, which represents around 15,000 auto dealers across the country, aims to push for increasing dealer margins and collaborate with other retail organisations across verticals to work out a law that protects retailers and dealers
“We are of the view that auto industry should have a common stand. Practically as of today our voice is not being heard. For the past two-three years, SIAM, ACMA (Automotive Component Manufacturers Association), FADA have been independently trying to go to government for benefits for auto industry. But nothing has happened,” Gulati said
“So we are trying that FADA should take the lead and make all these 5-6 auto organisations come together so that when we go to the government we are actually heard,” he added
Of the 60-odd members of the Society of Indian Automobile Manufacturers, only 10-15 were active, he said, pointing to the issues with SIAM.
Aftermarket biz can boost auto component manufacturers: Minister
Union Commerce and Industry Minister Piyush Goyal has said properly developed ‘Aftermarket’ business can open up opportunities for auto component manufacturers. Speaking at the 60th ACMA annual session, the minister said this can happen if the industry starts looking at more affordability and attractive ways. The auto component sector must improve productivity, reduce cost and offer smart solutions to become preferred global suppliers. Goyal said there is a huge demand for trusted partners in resilient global supply chains. “We see huge opportunities to expand businesses and provide truly high-quality products at competitive prices and become that trusted partner,” the minister said.
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