263rd Meeting of FADA Council at Hyderabad

FADA held its 263rd council meeting on 12th January 2013 at Hyderabad. The council meeting was dovetailed with the launch of 2nd phase of  AutoLife initiative of IndiaFirst Life Insurance Co., which FADA, as a responsible corporate citizen, has come forward to support through the medium of its member automobile dealers across the country. 

While the pre-lunch session was devoted to the launch of 2nd phase of AutoLife, the Council meeting was held immediately after the lunch. In addition to the routine matters, the major issues discussed included: 

(i)Current slowdown of auto market and the need for intervention by the banks by way of softer interest regime, including easier availability of finance for inventory funding and vehicle purchases; 

(ii)Automotive Dealership Excellence Awards for the year 2012 (ADEA 2012) and the preparations for awards presentation ceremony scheduled for 9th March 2013 at Hotel Leela, Mumbai; 

(iii)Approaching insurance companies for lower premium for vehicle fleets of automobile dealers on the lines of incentive in insurance premium offered to the members of associations of vehicle users like AAUI, WIAA, etc.;

(iv)Finalisation of the calendar of training programs to be conducted by Prashaste Education and Management Consultancy Pvt Ltd in association with FADA at various places in the country.

Council, while expressing satisfaction over the response to ADEA 2012, decided to extend the closing date for receipt of nominations for ADEA 2012 to 31st January 2013 in order to afford an opportunity to FADA members, who have not been able to apply for some reason or the other.

It was further decided that the next meeting of FADA Council will be timed with the Awards Presentation Ceremony for ADEA 2012 at Mumbai. While the awards presentation event is scheduled for March 9, 2013, the Council meeting will be held the next day, i.e. March 10, 2013 from 10.00 a.m. onwards at Hotel Leela, Mumbai


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