NL Corresspondent Jammu Tawi: The Federation of Automobile Dealers Associations (FADA) hosted the fifth edition of the Auto Retail Conclave, focusing on the theme “Collaborate-Innovate-Accelerate” immediately after the 59th AGM. The conclave witnessed the presence of prominent figures in the automobile industry, alongside participation from over 500 dealer members representing various regions of the country.
Speaking at the Auto Retail Conclave here, Federation of Automobile Dealers Associations (FADA) President Manish Raj Singhania said in the ongoing fiscal so far, while the retail sales of total vehicles have grown by around 7 per cent, the entry-level two-wheeler segment is yet to witness the robust growth seen.
Federation Of Automobile Dealers Associations (Fada) Concludes 5Th Auto Retail Conclave - 'Collaborate-Innovate-Accelerate' menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Union Road Transport and Highways Minister Nitin Gadkari has urged automobile dealers to open vehicle scrapping facilities as part of the government s push for a circular economy. He also highlighted India s focus on alternative fuels and the goal of becoming the largest manufacturer of green hydrogen. India is currently the fourth largest manufacturer of passenger vehicles and the sixth largest manufacturer of commercial vehicles.
The minister pointed out that India is the fastest growing major economy in the world and auto dealers will play an important role in making India a USD 5 trillion economy.