Franchisee Law News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Franchisee law. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Franchisee Law Today - Breaking & Trending Today
Parliamentary panel recommends Franchise Protection Act for auto dealers Updated Dec 23, 2020 | 09:19 IST The Federation of Automobile Dealers Associations (FADA) noted that a new Franchise Protection Act will create a level playing field between auto companies and dealerships. Parliamentary panel recommends Franchise Protection Act for auto dealers Key Highlights The act will aim to create a level playing field between OEMs and dealers The Indian automobile industry has witnessed several companies winding up their operations here over the last few years. Brands like Chevrolet, Man Trucks, UM motorcycles, Harley-Davidson, etc. decided to wrap up India operations without communicating the same to the automobile dealerships, thereby leaving the dealers high and dry with their investments down the drain. To protect auto dealers from under such scenarios, the Parliamentary Standing Committee has recommended the government to formulat ....
FADA welcomes PSC's recommendation for Franchise Protection Act for auto dealers financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Parliamentary Standing Committee Recommends New Franchise Protection Act For Auto Dealers Parliamentary Standing Committee Recommends New Franchise Protection Act For Auto Dealers There has been a series of market pull outs in the last three years by major auto makers like General Motors, MAN Trucks (a Volkswagen Group brand) and Harley Davidson among others and investments of their dealers are at stake after these manufacturers have announced exit. 0 Views Highlights Quite a few automakers have exited the Indian market in the last 3 years. In 2017, General Motors was the first automaker to announce its exit. The Federation of Automobile Dealers Associations (FADA) has announced that the Parliamentary Standing Committee (PSC) headed by K Keshava Rao has recommended that the Government of India should formulate a new Franchise Protection Act for Auto Dealers. This recommendation was part of suggestions made by the Standing Committee in its Rep ....
Image for representational purpose only. The Federation of Automobile Dealers Associations (FADA) has said that the Parliamentary Standing Committee (PSC) headed by Dr. K Keshava Rao has recommended that the government of India should come out with Franchise Protection Act for auto dealers. This recommendation was part of suggestions made by the Standing Committee in its Report Number 303 titled ‘Downturn in Automobile Sector-Its Impact and Measures for Revival.’ Commenting on this, Vinkesh Gulati, president, FADA said, “I am grateful to the Standing Committee and specially the chairman, Dr. K Keshava Rao, for strongly recommending Franchisee Protection Act for auto dealers. India does not have a Franchisee Law at present due to which the OEM - dealer agreements are highly skewed towards manufacturers. This leads to a tussle in managing dealership operations in various ways, very short terms agreements, and non-existence of a cle ....