Auto Sector Goes Through A Short-Term Blip

At F A D A, it's time for the new flag bearers to come in!

Dear Dealer Colleagues,

Domestic passenger vehicle sales witnessed a mixed trend in August with carmakers, barring a few, either reporting decline in sales or little growth, impacted by rising fuel rates, hike in vehicle prices by some companies and possibly emanating from adverse impact of heavy rains in many parts of the country and floods in Kerala. On the other hand, while the commercial vehicle segment continued its growth momentum during August 2018, the two-wheeler sales also saw little rise in domestic sales, compared to August 2017.

As your are aware, F A D A is organising the 1st Auto Retail Conclave on 6th October 18 at Hotel Radisson Blu in Nagpur on the theme: Nation Building through Employment Creation. Shri Nitin Gadkari, Hon’ble Minister of Road Transport, Highways & Shipping and Shri Devendra Fadnavis, Hon’ble Chief Minister of Maharashtra has kindly agreed to be our Chief Guest and Guest of Honour, respectively. The conference will be content rich with renowned speakers who will surely make the event worth to attend. I am sure that you will not want to miss out on the mega event which F A D A is organising in Nagpur.

Soon, I will be completing my second year as F A D A President. This tenure of mine has been another action packed year for F A D A. While in my 1st year, we tried to reach out to all OEMs personally, during the 2nd year we aimed at reaching out to our members by going to their State Capitals. This small step of ours is already showing results as F A D A Membership Cell has never been so busy as it was during this year! To give you a sense of membership addition during the last 12 years, we added 44% during last two years of FY17-19 vis-à-vis 56% in ten years between FY 08-17.

One of the most arduous, yet fruitful efforts, has been the recognition gained by F A D A as the apex representative body in the automotive retail industry, in matters related to the Government.  F A D A keenly pursued issues, both at the policy level and also in its implementation stage, when a host of disruptive measures unleashed by the Government, rocked the industry.

F A D A’s aim is to make the Federation every Auto Dealer’s one stop destination for any concern related to the Auto Retail Industry. To facilitate this, we organized ‘Vyapar Conference’ in many F A D A State Chapters. The aim was to update the dealers on the changes in the business dynamics and thereby keep them prepared for the future disruptions in this ever-changing environment.

The F A D A Academy was reignited to prepare current and future dealer leadership to build front end and back end processes, improve customer and technical operations and enhance financial results of each department of the dealership. Shri Suresh Prabhu, Hon’ble Minister for Commerce & Industry, was the Guest of Honour during the launch of F A D A Academy. F A D A has tied up with Yes Bank and the Indian School of Management & Entrepreneurship (ISME) for developing the course structure and curriculum in skilling automobile dealerships, their leadership & ground operations alike.

Automobile dealers provide jobs locally to people all over the Country and hence promotes a more inclusive growth. It contributes immensely to Central and State exchequers by way of taxes and drives the economy in terms of employment and revenue generation. This strength of the community was leveraged by F A D A, to influence policy formulation concerning the sector at the Government level, so as to make it more conducive to the growth of the sector. But a lot more can be achieved in the years to come, provided more and more dealers come forward, unite with us and partake in our activities.

With the completion of my second term, it is now appropriate to take stock of the activities of the last year, under my Presidency. Though a lot of ground remains to be covered, it gives me a sense of fulfillment and pride in what has been achieved so far. Had it not been for the unstinted support from all quarters, this would not have been possible and let me place on record my thankfulness to one and all. A graphical representation has been prepared to showcase the same.

I hope that the above graph presents a good perspective of what F A D A has achieved during the last year and also gives a direction to its future course. As I step down from the Presidency, it gives me immense satisfaction, that together as a team, we could make F A D A discernible as the most relevant body vis-à-vis the auto retail sector, in the eyes of the policy makers, OEMs, Dealers and other industries allied to us. Our strength is the unity of our pack. Let us keep up this vibrancy in our work and F A D A can surely scale greater heights in the days to come. I once again thank all those who associated with me in my endeavours and wish the new team all success, along with my promise on continued support in every way possible.

With best wishes.

Yours sincerely,

John K Paul

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