The Federation of Automobile Dealers Associations (FADA) held its first Finance and Insurance Summit, 2022 in Mumbai right this moment. The summit was organised to convey the trade leaders on one platform to debate the continued alternatives and challenges within the Indian car trade as regards to finance and insurance coverage.
The occasion noticed participation from Ashish Kumar Singh, IAS, Additional Chief Secretary (Transport & Ports), authorities of Maharashtra; B Ganesh Kumar, founder & CEO, Kuwy Technology Service ; Rajan Pental, senior Group president & international head – Retail Banking Yes Bank; Ramesh Iyer, chairman, FIDC & MD, Mahindra Finance and Amar J Sheth, state chairperson Maharashtra; Vinkesh Gulati, president, Federation of Automobile Dealers Associations (FADA) and Manish Raj Singhania, VP, FADA led the classes together with different FADA dignitaries.
Vinkesh Gulati stated, “Throughout their existence, finance & insurance (F&I) have been the backbone of the Indian economy. In recent years, the sector has made enormous contribution to the growth of the Indian automobile industry and the dealer community. Dealerships are a dynamic business and need finance support every off and on, the sector has really given us the best of their support we needed from them. Insurance and finance industry holds a significant role in revitalising the confidence of the industry both on supply and demand sides. As a representative of the entire fraternity, I would like to thank you for your continued support of our business model and giving it the trust it deserves. As we move forward, I assure you the dealer community will do its best to make this relation efficient and drive the sector forward.”
The goal of the summit was to convey trade leaders collectively at one platform to discover future developments. The summit and award ceremony witnessed the participation of over 317 auto retailers and delegates representatives from Maharashtra area.
Source: www.financialexpress.com”