The Federation of Automobile Dealers Associations (FADA) today held its first finance and insurance summit, 2022 in Bombay. The summit was organized to bring together industry leaders on a platform to discuss the current opportunities and challenges of the Indian car industry with reference to finance and insurance.
The event was attended by Ashish Kumar Singh, IAS, Additional Chief Secretary (Transport and Ports), Government of Maharashtra; B Ganesh Kumar, founder and CEO of Kuwy Technology Service; Rajan Pental, senior chairman of the group and global head of retail banking Yes Bank; Ramesh Iyer, President, FIDC & MD, Mahindra Finance and Amar J Sheth, State President Maharashtra; Vinkesh Gulati, President of the Federation of Automobile Dealers Associations (FADA) and Manish Raj Singhania, Vice President of FADA, chaired the sessions along with other FADA dignitaries.
Vinkesh Gulati said: “Throughout its existence, finance and insurance (F&I) have been the backbone of the Indian economy. In recent years, the sector has contributed greatly to the growth of the industry. The Indian car and car dealership is a dynamic business and needs financial support from time to time, the industry has really given us the best support we needed from them. I would like to thank you for your continued support of our business model and give “As we move forward, I assure you that the dealer community will do its utmost to make this relationship efficient and to boost the industry.”
The aim of the summit was to bring together industry leaders on a platform to explore future trends. The summit and awards ceremony was attended by more than 317 car retailers and delegates from the Maharashtra region.