Welcome to the Tenth Auto Summit

 

Come, witness and learn how we can “Control Our Destiny”

Dear Dealer Colleagues,

First things first! I am happy to share that after making synchronised moves at both the Centre and the States, we have succeeded in scratching the tip of the iceberg! The GST Council on 18th January has decided to reduce the goods and services tax (GST) on used cars to 12% and 18% (depending on the size of the vehicle) from the existing range of 28% and has also scrapped the cess (varying from 1-15%). Prior to this change, the effective GST rate was in the range of 29% to 53% on the gross margin including mandatory cess. The new rates will be applicable from 25 January. In addition there is a relief for all Capitalised vehicles that include Demo cars. The tax needs to be paid only on the difference between the depreciated value and the sale price. Rest assured that your Federation is working hard in getting resolution to all the other issues affecting the Auto Retail Industry.

For the first time F A D A in association with SIAM is organising ‘Dealers Day’ exclusively for Automobile Dealers on Day Zero of Auto Expo i.e. Thursday, the 8th Feb’18. All the delegates who register for Auto Summit will receive one complementary pass from F A D A. This reserved day will provide a great opportunity to all of us to exclusively network with our OEM’s and also attend the inaugural function of Auto Expo 2018 in Greater Noida.

As you know that beginning from the year 2000, F A D A has been organizing a biennial Convention of Automobile Dealers, viz. Auto Summit at New Delhi coinciding with the Auto Expo. All previous summits were hugely appreciated as we witnessed participation of 700-800 delegates representing dealerships, vehicle manufacturers, oil companies, banks, insurance & finance companies and media from all over the country and abroad. Practically, all senior Government Ministers & officials and industry leaders addressed at this forum on various issues, including growth prospects and attendant challenges, human resource management, customer satisfaction, viability, relationship management, etc.  The Summit deliberations helped in creating a tremendous awakening and identifying the challenges & opportunities for automotive business as a whole. With F A D A State Chapters now active, we are expecting more than 1000 delegates to grace the upcoming mega event!

The 10th Auto Summit on the theme ‘Control Our Destiny’ is scheduled for Friday, the 9th February 2018 at Hotel Le Meridien, New Delhi. This Summit will showcase that the future of automobile industry belongs to autonomous and e-mobility. I am also delighted to share that two Cabinet Ministers will be gracing the Auto Summit.  Mr Nitin Gadkari, Union Minister of Road Transport, Highways & Shipping, has consented to be the Chief Guest in the Inaugural Session and Mr Suresh Prabhu, Hon’ble Minister for Commerce & Industry, will be the Guest of Honor during the launch of F A D A Academy. The academy programs will prepare current and future dealer leadership to build front-end and back-end processes, improve customer and technical operations and enhance financial results of each department in the dealership.

This Summit will see Keynotes, Panel discussions, one-on-one interactions and many such interesting topics getting discussed with the key industry decision makers who will explore the possibilities which lies ahead of us and how can we, as Industry stake holders ‘Control Our Destiny’.

Along with the Summit and towards the evening, we are organizing F A D A Awards, powered by Autocar Professional. Mr Prakash Javadekar, Union Minister for Human Resource Development has kindly consented to grace the evening as its Chief Guest. This is India’s only platform which recognizes and rewards the excellence in automotive retail. I hope you have registered your dealership for this Oscar of our Industry. 

Seeing the huge response and interest expressed by dealer fraternity, F A D A is taking a delegation of 50 plus dealers to attend NADA 2018 Convention from March 22-25, 2018 in Las Vegas. I strongly recommend that you attend the same and witness how the future of auto retail is shaping up. For more details, you can get in touch with F A D A Secretariat at This email address is being protected from spambots. You need JavaScript enabled to view it.

I strongly recommend that you register for our mega event - Auto Summit. You can register online at http://autosummit.fadaindia.org. You can also register offline by filling the form which is published in this edition. Excited to meet you at the Summit,

With best wishes.

Yours sincerely

John K Paul

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