1) The Federation of Automobile Dealers Associations (FADA) represents over 15,000 automobile dealers in India, accounting for 90% of automobile sales. It is appealing to the Prime Minister for support amid the challenges posed by COVID-19.
2) FADA predicts automobile sales could drop by as much as 35% due to COVID-19, putting many dealer jobs and livelihoods at risk. It requests working capital support, salary support for the lockdown period, and MSME status for auto retailers to receive relief.
3) FADA also suggests demand boosters like GST reduction, depreciation benefits, and a scrappage policy to stimulate demand and restore consumer confidence post-lock
INDIAN MANUFACTURING SECTOR NEED FOR A POSITIVE ENVIRONMENT FOR GROWTHNeha Sharma
The Indian Economy, the Government, the public at large and specially the people who are in industry, manufacturing sector, service sector or any other arena of business activity , all are deeply concerned with poor growth rate of manufacturing sector during last 2 to 3 years and specially in 2012-13.
INDIAN MANUFACTURING SECTOR NEED FOR A POSITIVE ENVIRONMENT FOR GROWTHNeha Sharma
The Indian Economy, the Government, the public at large and specially the people who are in industry, manufacturing sector, service sector or any other arena of business activity , all are deeply concerned with poor growth rate of manufacturing sector during last 2 to 3 years and specially in 2012-13.
Bharti had a very low “Net Debt to Equity Ratio” of 0.05 at the end of Dec., 2009 which means that it was virtually a debt free company
It is good to have low debt but zero debt is not a desirable situation as debt can increase the shareholders’ return on their investment due to tax advantages associated with borrowing
CSR Issue III Overview of Tax Implication of CSR ExpenditureSanea Vakaliya
The Finance Act, 2014 has brought a very radical & far-reaching amendment, as far as CSR expenditures are concerned. The Third Issue focuses on Tax Implication of CSR Expenditure done by corporates itself or through the donation to specified entities.
Vodafone and hutch merged in 2007, which is the second largest Merger with a deal value of $11.1 billion. The pre and post merger key financial ratios of both the companies are presented.
Post Coronavirus Marketing Plan Guide For Tire & Auto Repair ShopsConceptual Minds
This marketing plan guide offers a step by step guide on what tire & auto service businesses can do in order to thrive through the current coronavirus pandemic. The guidance is based on in-depth research and curation of various content pieces that highlight the current state of the automotive industry and the factors that could impact demand for tire & auto service.
Bharti had a very low “Net Debt to Equity Ratio” of 0.05 at the end of Dec., 2009 which means that it was virtually a debt free company
It is good to have low debt but zero debt is not a desirable situation as debt can increase the shareholders’ return on their investment due to tax advantages associated with borrowing
CSR Issue III Overview of Tax Implication of CSR ExpenditureSanea Vakaliya
The Finance Act, 2014 has brought a very radical & far-reaching amendment, as far as CSR expenditures are concerned. The Third Issue focuses on Tax Implication of CSR Expenditure done by corporates itself or through the donation to specified entities.
Vodafone and hutch merged in 2007, which is the second largest Merger with a deal value of $11.1 billion. The pre and post merger key financial ratios of both the companies are presented.
Post Coronavirus Marketing Plan Guide For Tire & Auto Repair ShopsConceptual Minds
This marketing plan guide offers a step by step guide on what tire & auto service businesses can do in order to thrive through the current coronavirus pandemic. The guidance is based on in-depth research and curation of various content pieces that highlight the current state of the automotive industry and the factors that could impact demand for tire & auto service.
June 2015 Edition of BEACON, A Monthly Newsletter by SIMCON.
Inside this issue:
Our Team
INDUSTRY ANALYSIS : Automobile Industry
COMPANY ANALYSIS : Tata Motors
BRAND ANALYSIS : Gillette
Concept of the month: Experience Curve
We are a firm of Chartered Accountants who have drafted a proposal for providing stimulus to our entrepreneurs without much compromise on revenue targets set by the Finance Ministry. We have emailed this proposal to Hon. Minister of Finance Smt. Nirmala Sitharaman Ji on 27th April 2020.
We are sure that if implemented with right spirit, our countrymen are motivated enough to help kick-start the growth and development of our nation at a desired speed to make it a US$ 5-trillion economy.
MSME Registration | SSI | Udyog Aadhar | UDYAM Registration can be obtained by startups, micro, small & medium sized enterprises in India to avail various subsidies and schemes aimed at SME businesses. The Indian government has always been in favor of providing benefits & services to Micro, small and medium enterprises MSMEs enjoy benefits in terms of taxation, compliance requirements, credit terms etc.
Feedback from Assignment 1Introduction You did not provide a .docxlmelaine
Feedback from Assignment 1
Introduction: You did not provide a pertinent introduction of your hypothetical company or your company is not a hypothetical company. It is not clear what your product/service is and there is no physical location. The contents of your marketing plan were not introduced.
Mission Statement: This is a good mission statement, but more rationale was needed. Only four of the five questions in a mission statement were addressed. What does the mission statement convey to consumers/customers as well as internal employees and stakeholders -see the purpose of a mission statement, page 21 of textbook.
Goals: Your stated goals of revenue, profit, market share, brand awareness or customer acquisition are SMART goals: S. – Specific; M. – Measurable; A. – Assignable; R. – Realistic; T. – Time based. There were no measurements provided for your goals.
Environmental Analysis: All the elements of the environmental analysis were addressed and explained. Good job being thorough and exhibiting an understanding of the environmental factors. Remember that environmental factors are outside of your direct control, but each of these factors has influence over your business.
SWOT Analysis: The SWOT and Needs Analyses are on target and show how your company will fare in the market. Your strengths and weaknesses are clearly internal as you can control them. Your opportunities and threats are clearly derived from the environmental analysis and, while you cannot control them, they can have a direct impact on your hypothetical business.
Running Head: MARKETING PLAN FOR SILO AUTOMOTIVE FIRM1
MARKETING PLAN FOR SILO AUTOMOTIVE FIRM 13
Marketing Plan for Silo Automotive Firm
July 18, 2019
Silo Automotive
Introduction
Silo Automotive Company is a new, integrated automotive company, which manufactures electric powered vehicles and substantially scalable, clean, power harnessing automotive products. The company’s headquarters are in California together with its main manufacturing plant and was founded in 2014. The company currently has 19 manufacturing plants spread across the United States and Europe. A team of engineers whose main goal was to create an electric powered vehicle that was superior, faster, and more fun to drive in comparison to gasoline cars. The main belief of the company states the sooner the globe ends its dependency on fossil fuels and moves toward a more environmentally friendly option such as carbon fuels future, the better. This is particularly being achieved at a faster rate due to the incorporation of the two automotive segments into a single platform. The main funding sources of Silo Automotive come from the contributions of the founders since they are a combination of chief executive officers of various global engineering companies.
Background Information
The automotive industry has greatly advanced due to the changes in technology, with global sales increasing from 11.78 million annually in 1990 ...
The Blue Sky Report® - A Kerrigan Quarterly – First Quarter 2020 PreviewErin Kerrigan
The Blue Sky Report®, published by Kerrigan Advisors, is the auto retail industry's most comprehensive and authoritative quarterly report on dealership M&A activity, as well as franchise values. The quarterly report, received by over 9,000 industry recipients in 35 countries, includes analysis of all dealership transaction activity for the year, and lays out the high, average and low blue sky multiples for each franchise in the luxury and non-luxury segments. To sign up to receive the quarterly report, please visit: https://www.kerriganadvisors.com/the-blue-sky-report/
SWOT Analysis Covid-19 Impact on Indian Automotive IndustryRahman A
SWOT Analysis Post Covid-19 Impact on Indian Auto Industry.Automobiles represent freedom and economic growth. Automobiles allow people to live, work and travel in ways that were unimaginable a century ago. Automobiles provides access to markets, to doctors, to jobs. Nearly every automobile trip ends with either an economic transaction or some other benefit to the quality of life
MSME stands for Micro, Small and Medium Enterprises. In a developing country like India, MSME industries are the backbone of the economy. MSME registration is a mandatory task for any business to start and operate in India. MSME categorized under two main categories, such as manufacturing enterprises and service enterprises.
Similar to FADA writes letter to PM Narendra Modi (20)
Symptoms like intermittent starting and key recognition errors signal potential problems with your Mercedes’ EIS. Use diagnostic steps like error code checks and spare key tests. Professional diagnosis and solutions like EIS replacement ensure safe driving. Consult a qualified technician for accurate diagnosis and repair.
"Trans Failsafe Prog" on your BMW X5 indicates potential transmission issues requiring immediate action. This safety feature activates in response to abnormalities like low fluid levels, leaks, faulty sensors, electrical or mechanical failures, and overheating.
5 Warning Signs Your BMW's Intelligent Battery Sensor Needs AttentionBertini's German Motors
IBS monitors and manages your BMW’s battery performance. If it malfunctions, you will have to deal with an array of electrical issues in your vehicle. Recognize warning signs like dimming headlights, frequent battery replacements, and electrical malfunctions to address potential IBS issues promptly.
Comprehensive program for Agricultural Finance, the Automotive Sector, and Empowerment . We will define the full scope and provide a detailed two-week plan for identifying strategic partners in each area within Limpopo, including target areas.:
1. Agricultural : Supporting Primary and Secondary Agriculture
• Scope: Provide support solutions to enhance agricultural productivity and sustainability.
• Target Areas: Polokwane, Tzaneen, Thohoyandou, Makhado, and Giyani.
2. Automotive Sector: Partnerships with Mechanics and Panel Beater Shops
• Scope: Develop collaborations with automotive service providers to improve service quality and business operations.
• Target Areas: Polokwane, Lephalale, Mokopane, Phalaborwa, and Bela-Bela.
3. Empowerment : Focusing on Women Empowerment
• Scope: Provide business support support and training to women-owned businesses, promoting economic inclusion.
• Target Areas: Polokwane, Thohoyandou, Musina, Burgersfort, and Louis Trichardt.
We will also prioritize Industrial Economic Zone areas and their priorities.
Sign up on https://profilesmes.online/welcome/
To be eligible:
1. You must have a registered business and operate in Limpopo
2. Generate revenue
3. Sectors : Agriculture ( primary and secondary) and Automative
Women and Youth are encouraged to apply even if you don't fall in those sectors.
Core technology of Hyundai Motor Group's EV platform 'E-GMP'Hyundai Motor Group
What’s the force behind Hyundai Motor Group's EV performance and quality?
Maximized driving performance and quick charging time through high-density battery pack and fast charging technology and applicable to various vehicle types!
Discover more about Hyundai Motor Group’s EV platform ‘E-GMP’!
Why Is Your BMW X3 Hood Not Responding To Release CommandsDart Auto
Experiencing difficulty opening your BMW X3's hood? This guide explores potential issues like mechanical obstruction, hood release mechanism failure, electrical problems, and emergency release malfunctions. Troubleshooting tips include basic checks, clearing obstructions, applying pressure, and using the emergency release.
In this presentation, we have discussed a very important feature of BMW X5 cars… the Comfort Access. Things that can significantly limit its functionality. And things that you can try to restore the functionality of such a convenient feature of your vehicle.
What Does the Active Steering Malfunction Warning Mean for Your BMWTanner Motors
Discover the reasons why your BMW’s Active Steering malfunction warning might come on. From electrical glitches to mechanical failures and software anomalies, addressing these promptly with professional inspection and maintenance ensures continued safety and performance on the road, maintaining the integrity of your driving experience.
𝘼𝙣𝙩𝙞𝙦𝙪𝙚 𝙋𝙡𝙖𝙨𝙩𝙞𝙘 𝙏𝙧𝙖𝙙𝙚𝙧𝙨 𝙞𝙨 𝙫𝙚𝙧𝙮 𝙛𝙖𝙢𝙤𝙪𝙨 𝙛𝙤𝙧 𝙢𝙖𝙣𝙪𝙛𝙖𝙘𝙩𝙪𝙧𝙞𝙣𝙜 𝙩𝙝𝙚𝙞𝙧 𝙥𝙧𝙤𝙙𝙪𝙘𝙩𝙨. 𝙒𝙚 𝙝𝙖𝙫𝙚 𝙖𝙡𝙡 𝙩𝙝𝙚 𝙥𝙡𝙖𝙨𝙩𝙞𝙘 𝙜𝙧𝙖𝙣𝙪𝙡𝙚𝙨 𝙪𝙨𝙚𝙙 𝙞𝙣 𝙖𝙪𝙩𝙤𝙢𝙤𝙩𝙞𝙫𝙚 𝙖𝙣𝙙 𝙖𝙪𝙩𝙤 𝙥𝙖𝙧𝙩𝙨 𝙖𝙣𝙙 𝙖𝙡𝙡 𝙩𝙝𝙚 𝙛𝙖𝙢𝙤𝙪𝙨 𝙘𝙤𝙢𝙥𝙖𝙣𝙞𝙚𝙨 𝙗𝙪𝙮 𝙩𝙝𝙚 𝙜𝙧𝙖𝙣𝙪𝙡𝙚𝙨 𝙛𝙧𝙤𝙢 𝙪𝙨.
Over the 10 years, we have gained a strong foothold in the market due to our range's high quality, competitive prices, and time-lined delivery schedules.
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Things to remember while upgrading the brakes of your carjennifermiller8137
Upgrading the brakes of your car? Keep these things in mind before doing so. Additionally, start using an OBD 2 GPS tracker so that you never miss a vehicle maintenance appointment. On top of this, a car GPS tracker will also let you master good driving habits that will let you increase the operational life of your car’s brakes.
1. FEDERATION OF AUTOMOBILE DEALERS ASSOCIATIONS
804-805-806, Surya Kiran, 19, K G Marg
New Delhi - 110 001 (INDIA)
T +91 11 6630 4852, 2332 0093, 2332 0095
E fada@fada.in W fada.in
CIN U74140DL2004NPL130324 GST 07AAATF0637Q1ZG
One Nation | One Association
ASHISH HARSHARAJ KALE
PRESIDENT
Date: 12th
April 2020
To,
Shri Narendra Modi Ji
Honourable Prime Minister of India
Prime Minister’s Office
South Block, Raisina Hills
New Delhi – 110 001
Subject: Automobile Retail Industry’s 2nd
set of submissions regarding the challenges posed due to
Coronavirus disease (COVID-19)
Dear Sir,
Greetings from Federation of Automobile Dealers Associations (FADA), the apex body of Automobile Retail
in India!
INTRODUCTION
Founded in 1964, FADA India represents over 15,000 automobile dealers having 25,000 dealerships including
30 Associations of Automobile Dealers at the Regional, State and City levels accounting for 90% of
Automobile Sales and Service in India.
Together we employ over 40 Lakh Employees in the Country at Dealerships and Service Centers with 25
lakh direct employees and another 15 Lacs are Indirectly Dependent on Dealerships for their Livelihood.
Auto Sales has a Positive Impact not just on the Manufacturers and Dealers but also has a multiplier effect in
the Economy. Sale of 1 vehicle benefits many. Banks, Insurance Companies, Component sales, sale of oils,
paints, glass, plastic and rubber and many more along with Generating direct and indirect employment.
APPEAL FROM AUTO RETAIL SECTOR
COVID-19 has come as a shock to all of us as the Indian Auto Industry was Preparing for recovery in Sales
Growth after 15 months of a downturn.
A new normal growth rate is going to be set, post the COVID-19 which is Projected to be Far lower than the
normal, under which we have been Operating in recent times.
SIAM has Projected that the country will witness a Huge drop in Auto Sales Which Could be as high as 35%
for some Segments. This is Over and Above the 18% De-Growth of FY20.
If Not Supported in Such a Scenario, Many Auto Dealers Will Go Out of Business and along with them the
Livelihood of Hundreds of Thousands which we Employ.
1. Auto Dealers businesses ranges from Rs 10 Cr to Rs 1,000 Crores, but majority of the Auto
Dealerships are family run small scale businesses spread across every nook and corner of the
country. Each Dealership on an average employs 70-150 people. Majority of the employment is
hired locally thus not displacing them from their home locations.
Page 1 of 4
2. One Nation | One Association
2. For the last 15+ months, the Auto Industry has Already been under an Unexpected Severe Slow
Down. More than 275 Dealerships had to Shut Down During this Period and Thousands of Jobs were
Lost in the Process.
We would like to bring to your notice following Suggestions which needs your immediate attention with a
Request for Urgent Action. These Suggestions if acted upon immediately, will help us remain afloat in
these unprecedented times and also help save Lakhs of Jobs in the Process.
1. Working Capital Support
a. Reset the Clock For the Period of the Lockdown for Auto Dealers on All Working Capital
Limits.(Complete Waiver of Interest on All Category of Loans from Banks and NBFC’s for the
Period)
b. Extend 4% Interest subvention/subsidy for working capital/loan requirements to companies
for a Period of 9 months Post the Lock Down
c. Allow 20% additional overdraft on sanctioned Credit limits for a Period of 6 months Post
Opening to Support Salary Disbursements and Other Fixed Expenses Cash.
2. Salary of Employees for the Lock Down Period Should be Paid through ESIC as this is a Health
Pandemic and Salary Liabilities Should be Covered under the Same by ESI.
3. Grant of MSME Extension to Auto Retail: We request the Government to kindly include Wholesale
and Retail Trade and Repair of Motor Vehicles and Motorcycles in MSMED Act from 1st
of April. A
Request to the MSME Ministry has already been Put up with Details in the Month of September 19
and we request Fast Tracking and Immediate Favorable Consideration. The subsidies and incentives
received under the MSME division will provide much needed relief to Automobile Dealerships which
provide direct and indirect Employment to Lakhs.
These Temporary Support are Extremely Urgent and Important to help us Cushion the Shock to Our Cash
Flows and the Only Way for us to Continue in Business till demand comes back to Normalcy.
Demand Restoration
The Post Covid Scenario is Expected to Dent the Consumer Sentiment Further and Till a Complete Cure is not
Found, Confidence on Spending will be Very Low with the Fear of Another Lock Down Hanging Out there.
We would hence like to Suggest Demand Boosters which if implemented, will attract Auto Demand and
Overcome the Dent in Consumer Confidence to Some Extent till Complete Economic Normalcy is Restored:
1. Reduction of GST or Direct Benefit Transfer: A Reduction in GST for a Temporary Period will lower the
Cost of Acquisition and will Be a Good Incentive towards stimulating Demand.The Automotive Sector
is impacted by very High GST Rates and the net impact ranges from 29% to 50% depending on the
category of the vehicle. Alternatively a Direct Benefit to Consumers of 3-4% Interest Rate Reduction
Through Banks and NBFC’s will also reduce the Overall Cost of Owning a Vehicle and can also be an
Alternate or Additional tool for Demand Generation
Page 2 of 4
3. One Nation | One Association
2. Extend Depreciation Benefits For FY21 and Include Individual Buyers: To boost vehicle demand
further, we request that Corporate Depreciation Scheme which was valid till 31st
March’20 be
extended till FY 2021. Apart from this we also propose that similar benefits be allowed to individuals
for FY2021 at an effective rate of 25% (WDV). This will not only help in increasing the number of
individuals filing their IT Return but will also help in igniting automobile demand from individuals and
will thus up the GST collection for the Government.
3. Attractive Incentive based Scrappage Policy: should be introduced immediately for all vehicles which
are running on road prior to 2010. The “Cash for Clunkers” programs in USA and EU should be looked
into as they were implemented successfully. Evidence shows that “Cash for Clunkers” saw its best
response during economic downturn/recession and Preponed their Purchases due to The Incentives
Offered, thereby Boosting the Demand Engine. “Cash for Clunkers” scheme was introduced for a short
time period of 5-7 months. It has been used as a demand revival tool at different time points in the
West.
4. Priority Sector tag for Auto Industry: The Government should include Auto Industry in Priority Sector
lending so that both Retail and Wholesale Financing can be made available easily. This will also help
the banks allot a certain portion of their funds for this sector Both for Dealers and Retail Customers
and Ensure the much-needed Credit Support to Spur Demand. The priority sector tag can be given to
the Auto Sector for a period of 12 months till normalcy is restored.
Sir,
The Current Situation Can Lead to an Existential Situation for Many of Our Members and Their Employees.
Majority of them are Small Scale Family Run Businesses with No Financial Sustenance for Such a Crisis after
already having gone through a tough period in past 15 months.
Over the Years Auto Dealership Business Model has come under Severe strain with Increasing Costs and Low
Operating Margins Thereby Reducing Our Sustenance Towards any Such Shocks as this Current Corona
Situation and its After Effects.
While We are taking it up With SIAM at a Complete Change of the Business Model to Build up Sustenance
for the After Effects of Covid1-19 and for any Future Disruptions, the Immediate Situation is Extremely Bleak
if not Supported.
We hence Earnestly Appeal to a serious consideration to our requests and suggestions and due recognition
as Being One of the Contributors Towards Our Nations Past, Current and Future Progress.
In Anticipation of Support from You and Assuring you of Complete Support from the Auto Dealership
Community, together we will fight and eradicate Coronavirus from our Country.
Hoping and Praying for Our Country and Humanity to Overcome this Crisis at the Earliest.
Yours faithfully,
For, Federation of Automobile Dealers Associations (FADA)
ASHISH HARSHARAJ KALE
PRESIDENT
Page 3 of 4
4. One Nation | One Association
CC:
- Smt. Nirmala Seetharaman, Hon’ble Finance Minister
- Shri Nitin Jairam Gadkari, Hon’ble Union Minister of Road Transport, Highways & Shipping and & MSME
- Shri Piyush Goyal, Hon’ble Union Minister of Commerce & Industry and Railways
- Shri Prakash Keshav Javadekar, Hon’ble Union Minister of Heavy Industries & Public Enterprises and
Environment, Information & Broadcasting and Forest and Climate Change
- Shri Anurag Singh Thakur, Hon’ble Minister of State – Finance
- Shri Ajay Bhushan Pandey, Secretary Finance, Ministry of Finance
- Shri Sanjeev Ranjan, Secretary, Ministry of Road Transport & Highways
- Shri Arun Goel, Secretary, Ministry of Heavy Industries & Public Enterprises
- Shri Atanu Chakraborty, Secretary Economic Affairs, Ministry of Finance
Page 4 of 4