UM Lohia, a joint venture (JV) between the Lohia Group and US-based UM Motorcycles, stopped operations in India abruptly last October, leaving around 80 dealers in the lurch.
According to Federation of Automobile Dealers Associations (FADA), passenger vehicle (PV) sales stood at 1,97,653 units in September 2018.
In a letter addressed to SIAM President Rajan Wadhera, FADA President Ashish Harsharaj Kale said reporting retail numbers is also a norm which is followed internationally and would help in the betterment of the Indian auto industry as well.
Ashish Harsharaj Kale, President of Federation of Automobile Dealers Association (FADA) and Nikunj Sanghi, director at FADA, discussed their views.
The auto industry has been going on a prolonged slump. Passenger vehicles (PV) segment has been the worst hit with sales continuing to decline for almost a year now.
The two lakh jobs cuts in the last three months are over and above the 32,000 people who lost employment when 286 showrooms were closed across 271 cities in the 18-month period ended April this year.
Ashish Harsharaj Kale, president of Federation Of Automobile Dealers Associations (FADA) said that two-wheeler dealer inventory continues to be a concern, and is hoping that the original equipment manufacturers (OEMs) will support us as we enter into the season.
The federation feels that the insertion of a new section 49A of the GST Act puts an "unwaranted burden" on their working capital requirements, as they are already hit by slowing sales which began from last September.
According to FADA, which collected vehicle registration data from 1,072 out of 1,431 Regional Transport Offices (RTOs), PV sales measured by registrations stood at 19,65,630 units in the year-ago period.
The data, based on vehicle registrations, was released by the Federation of Automobile Dealers Association.
In the two days before March 31, dealers and manufacturers are trying to sell out as many vehicles as possible by offering special discounts, said John k Paul, President,FADA
The Supreme Court on Wednesday banned the sale and registration of BS-III vehicles from April 1.
The expansion and betterment of roads will not only generate additional jobs, but will also boost commercial vehicle demand, addressing to some extent.
'The Digital Garage' showcased the global best practices and innovations in the digital-automotive domain. It emphasized the importance of digital in auto & emerging needs of the OEMs and dealers in this space.
Celebrating it‘s glorious journey of 50 years the Fedearation of Automotive Dealers Association (FADA) presents the Automotive Dealership Excellence Awards (ADEA) which felicitates the best and finest in automotive retail.
Started as an initiative to recognise the true potential of dealers, Federation of Automobile Dealers Associations (FADA) and Auto Monitor organised the fifth edition of automotive dealership excellence in the country‘s capital. A benchmark in automotive retail these awards recognise and reward the best in the business in India.
CNBC-TV18's Automotive Dealership Excellence Awards (ADEA) aims to felicitate the best and the finest in automotive retail and the response and success of the pass three editions speaks volumes about it.
Even as automakers try and combat the ongoing slowdown in sales, their dealers—the most crucial aspect of the chain — are facing their own set of problems. That threatens their long-term viability. CNBC-TV18’s Anshu Sharma and Elan Dutta report.