Mumbai, January 14, 2023: The twelfth version of the Auto Summit 2023, the biennial flagship conference of the Federation of Automotive Sellers Affiliation (FADA) concluded as we speak in New Delhi. The summit was themed “FIT & FUTURE READY,” and it offered an summary of the Indian Retail Vehicle Trade. The was attended by senior authorities officers in addition to stalwarts of the Indian vehicle trade and trade assume tanks.
The summit offered a typical discussion board for trade, leaders, producers, authorities officers, sellers, Trade analysts, academia, and numerous assume tanks to debate the altering dynamics of the Indian auto retail and repair trade, upcoming enterprise alternatives, and envisioning the trade’s future.
The occasion, themed “FIT & FUTURE READY,” featured a vigorous dialogue on the Indian vehicle sector’s present and potential challenges, the way forward for the Automotive retail enterprise in India, new enterprise prospects, and the trade’s readiness for the altering dynamics of the mobility ecosystem options.
Shri Om Birla, Honourable Lok Sabha Speaker, Authorities of India, was the Chief Visitor.
Recognizing the automotive trade’s contribution to the Indian financial system, Chief Visitor Shri Om Birla, Honorable Lok Sabha Speaker, Authorities of India, acknowledged that vehicle sellers are an integral part of the automotive ecosystem and act because the trade’s public face. The Indian authorities has been working tirelessly to chop carbon emissions and create a greener India. The car trade should play a key position on this inspiring endeavour. Sellers are key factors of contact for patrons, and so they carry a giant accountability for elevating consciousness about this mission. We are going to quickly be presenting the Auto Supplier Safety Act and Mannequin Supplier Settlement in the home for dialogue, and I’m optimistic that we are going to have a fruit dialogue on the identical.
He praised FADA for launching a highway security and inexperienced future marketing campaign, noting that initiatives like “Buckle Up India” and “One sapling for each automotive bought” are noteworthy and could have a major affect on the federal government’s efforts to advertise security and environmentally pleasant mobility for generations. India has the potential to be a significant exporter of cutting-edge know-how and future gas. India has made super progress in creating new automotive applied sciences, future fuels, and as a manufacturing base for high quality merchandise for the Indian and international markets.
He urged sellers to teach prospects about welfare schemes supplied by the Central and state governments, in addition to insurance coverage protection. Vehicle producers, sellers and prospects should contribute to creating the nation a greener and safer atmosphere for the long run.
Mr Manish Raj Singhania, President, FADA, welcomed the distinguished friends and affiliation members on the twelfth Auto Summit and mentioned: “Our seller community is a key part of the automotive ecosystem, offering over 4.5 million jobs and a big ongoing funding along with being a key contributor to income era for states and the Central governments. The automotive sector has been on a roller-coaster experience in recent times, but it surely has weathered the storm. The previous few months have clearly proven indicators of revival, with elevated dedication and belief amongst prospects and the members of the automotive trade. We’re optimistic that this momentum will proceed.
The twelfth Auto Summit has addressed the essential considerations, challenges and alternatives not just for the seller neighborhood however for your entire vehicle trade. We should all work collectively to make this enterprise extra adaptive and future-ready, by way of know-how, high-quality customer support, and global-quality merchandise.
The Vehicle Sellers, as a accountable neighborhood, launch the “BuckleUp” highway security marketing campaign and the “Inexperienced Initiative,” which entails planting a sapling for every car bought, as a part of their continued efforts to strengthen their dedication to society.
as a Underneath the trade’s inexperienced mobility mission, we’ve come a great distance by way of know-how and design development. It’s time for the seller neighborhood to collaborate with our manufacturing companions to supply prospects with cutting-edge, user-friendly services and products. To make sure the success of this initiative, FADA and META (Fb) have teamed as much as present digital coaching to over 3,000 sellers in order that they will construct a social media presence on numerous digital platforms.
Mr Singhania designated September 19, the FADA Basis Day, as Auto Sellers Day, and urged all member sellers to watch this present day with nice pleasure of their contributions to the neighborhood and the trade.
He additional added, “Mannequin Supplier Settlement is a crucial a part of the brand new age seller affiliation and administration making a degree taking part in area for OEMs and Sellers working collectively to supply among the most revolutionary, cutting-edge services and products to Indian prospects. 9 OEMs have personally heard concerning the trendy seller settlement, and we’re comfortable to report that every of them has responded in a really optimistic approach. I’m happy to announce that after two years of laborious work by FADA, the MDA was accepted and accredited by MG Motors as we speak, marking the start of the journey’s profitable conclusion.
The summit featured 60+ audio system, 7 classes, 6 workshops and 1500+ individuals. The conference included intensive dialogue on the long run Auto retail enterprise in India, rising alternatives and disruptions within the Indian Vehicle Trade, India’s journey in direction of future gas, the way forward for the passenger car and industrial car, authorities insurance policies, keynotes, panel discussions, one-on-one interactions, and plenty of different fascinating matters with trade leaders, key trade policymakers, and new market entrants.
Key Periods & Workshops at 12th Auto Summit
Inaugural Session: (10:00AM to 11:30AM)
FADA administration greets friends and honours Chief Visitor: Shri Om Birla, Lok Sabha Speaker, Authorities of India, in addition to different friends and friends of honour. The Chief Visitor lit the lamp to start the twelfth Auto Summit. Visitors of honour Shri Narayan Tatu Rane, the Hon. Minister for MSME of the Authorities of India, Mr Shailesh Chandra, the Vice President of the Society of Indian Vehicle Producers (SIAM), and Mr Subhrakant Panda, the President of the Federation of Indian Chambers of Commerce & Trade (FICCI) have been current at this event alongside Mr Manish Raj Singhania, President of FADA
Mr. Geoffrey Pohanka, Chairman Designate of the Nationwide Vehicle Sellers Affiliation (NADA), made a video greeting for the event. Different initiatives such because the espresso desk “Girls in Auto Retail,” the “buckle-up marketing campaign,” and the “inexperienced initiative” have been additionally launched through the inaugural session together with the discharge of a white paper titled Match and Future Prepared.
Dr. Pawan Goenka, Chairperson of INSPACe, the Division of Area, Authorities of India, acquired the Lifetime Achievement Award from FADA on the Auto Summit 2023 for his excellent contributions to the Indian auto trade, and Mr. KVS Prakash Rao, Previous President of FADA, acquired the Exemplary Contribution to Vehicle Supplier Fraternity Award.
Session-1 11:40 AM –12: 40PM hrs – CXO Panel on Auto Retail Future Prepared
The session was moderated by Mr. Hormazd Sorabjee, Editor, Autocar India together with panellists comprising trade stalwarts. The panel mentioned the way forward for the Indian Vehicle, its willingness to rework and the imaginative and prescient for the journey forward. The Indian vehicle trade has developed to a brand new world within the post-covid period. The panellist reviewed the upcoming alternatives, and challenges, apart from additionally mentioned their organisation’s plans for the long run making a stronger contribution to the world of inexperienced mobility. The panellist additionally shared their views on the federal government’s continued push in direction of inexperienced mobility within the type of Electrical, Biofuel, CNG and different greener choices obtainable.
Session 2- 02:40 PM- 03:30 PM (Two-Wheeler – Rising Alternatives & Disruptions)
The 2-wheeler trade has been the spine of the Indian Vehicle trade since its existence. The 2-wheeler trade has immense development potential, which mirrors the budding development of rural India. The 2-wheeler trade is essentially the most price-sensitive phase, any change in worth impacts the phase at massive. The environment friendly sector management panel mentioned the sector challenges & rising alternatives intimately. The session was moderator by Mr. Hemal N Thakkar, Director – Transport, Mobility & Logistics, CRISIL Ltd with trade thought leaders of the Two-wheeler Trade.
Session 3- 03:50 PM- 04:35 PM (Indian’s Journey in direction of Gas of the Future)
India has the potential to grow to be a significant manufacturing hub and a provider of unpolluted gas within the close to future. India is in a terrific place to develop as an vitality exporter, so the nation is consistently alternatives for the gas of the long run. Future different gas choices and their results on the trade, society, and atmosphere have been mentioned through the session. Together with Mr Manish Raj Singhania, President of FADA, panellists from India’s Energy, New & Renewable Power Ministries, consultants, and enterprise leaders mentioned India’s imaginative and prescient for gas for the long run in addition to challenges and prospects.
Session 4-04:35-05:50 PM (Girls in Mobility – Breaking Obstacles & Past)
In quite a lot of organizations and sectors, together with the mobility Trade, an rising variety of ladies are assuming management and founding tasks. Girls are levelling the taking part in area in practically each trade, not solely in entrepreneurship, the place they’re breaking down obstacles. This dialogue centred on the position performed by ladies within the nation’s mobility sector. The panellists talked concerning the worth of, and alternatives for, ladies within the Indian automotive trade. Ms Swati Khandelwal, the Government Editor of Zee Enterprise, chaired the dialogue with famous feminine leaders within the automotive enterprise.
Session 5-04:35-05:50 PM (PV: Relationships of the Future)
The PV market has maintained a outstanding degree of development fidelity over your entire yr. Possession of non-public mobility has elevated within the post-COVID World. Private mobility has grow to be a should slightly than a luxurious. On this session, the panel centered on the passenger car phase’s present situation and the way forward for the phase. Ms. Alisha Sachdev, Assistant Editor at Mint, chaired the dialogue, which included leaders, consultants, and members of the trade. The dialogue spun round rising futuristic applied sciences, demand, present situation, and future alternatives for the passenger car phase.
Session 6-06:05-06:40 PM (Way forward for CV)
A vital part of India’s infrastructure and the financial system is the industrial car sector. It powers the inspiration of the nation’s financial system. All through your entire calendar yr 2022, the CV phase grew and is presently practising at par with CY2019 retails. The federal government’s ongoing push for infrastructure improvement, coupled with the rise in demand for LCV, HCV, buses, and development tools, has saved this sector afloat. The session was moderated by Mr Amit Mohan, Joint President, Kotak Mahindra Financial institution & Director, Kotak Mahindra Prime* – Moderator and panel centered on the dialogue on altering the dynamic and way forward for the industrial car phase in India.
Session 7-06:50-07:20 PM (Auto Retail: Unlocking the Worth – Street In direction of Public Provide)
Because of the digital transformation and adjustments in client behaviour, the automotive dealership has developed within the post-Covid period. The session’s foremost matters have been the present points going through the Indian vehicle seller neighborhood and its foreseeable future. Mr. Parikshit Luthra, Senior Anchor & Affiliate Editor, CNBC-TV18, moderated the concluding session.
The occasion additionally witnessed 6 totally different workshops specifically, Scrappage – Pot of Gold, Self-Evaluation Well being Examine, A Physique shop- Unlocking Worth, and Is The Future Digital? 3W: Finish of Street for ICE Engine? and Future focus- Pre-owned Enterprise.