The Federation of Automobile Dealers Associations (FADA) held its first Finance and Insurance Summit- 2022 in Mumbai. FADA said in a statement that the summit was organised to bring industry stalwarts on one platform to discuss the ongoing opportunities and challenges in the Indian Automobile industry with reference to finance and insurance. The leadership shared their views and vision for the sector and urged the industry to initiate some of the best practices for a better future.
Ashish Kumar Singh, IAS, Additional Chief Secretary (Transport & Ports), Maharashtra, along with some of the Industry leaders from finance and insurance sector attended the summit. B Ganesh Kumar, Founder and CEO, Kuwy Technology Service Pvt. Ltd; Rajan Pental, Sr. Group President and Global Head – Retail Banking Yes Bank; Ramesh Iyer, Chairman, FIDC & MD - Mahindra Finance; Amar J Sheth, State Chairperson Maharashtra; Vinkesh Gulati, President, FADA, and Manish Raj Singhania, Vice President, FADA, led the sessions, the release said.
Gulati said, “Throughout their existence, finance and insurance (F&I) have been the backbone of the Indian economy. In recent years, the F&I sector has made enormous contribution to the growth of the Indian automobile industry and the dealer community. Dealerships are a dynamic business and need finance support every off and on, the Finance and Insurance sector has really given us the best of their support we needed from them. Insurance and Finance Industry holds a significant role in revitalising the confidence of the industry both on supply and demand sides. As a representative of the entire fraternity, I would like to thank you for your continued support of our business model & giving it the trust it deserves. As we move forward, I assure you the dealer community will do its best to make this relation efficient and drive the sector forward."
The first power panel focused on the changing Dynamics of Automotive Industry and vehicle financing business. The session discussed crucial industry topics, such as continued supply chain constraints, high used-vehicle values, rising interest rates, increased cost of funds and revised MISP guidelines.
The power panel 1 was moderated by Sai Giridhar, Treasurer, FADA, along with industry stalwarts such as B Ganesh Kumar, CEO and Founder, Kuwy Technology Service Pvt Ltd; Ajay Raghuvanshi, Head Sales- India Region, Skoda Auto India P Ltd; Eric Vas, President (Urbanite Business), Bajaj Auto Ltd; Mahavir Agrawal, Head - Credit Risk (Retail & SME), YES BANK; and
Vikas Pandey, Executive Vice President & Business Head - Auto & Gold Loans, HDFC Bank Ltd.
The second power session focused on the Automotive Industry and Vehicle Insurance. The session discussed the current situation for vehicle insurance business in the automotive market. Vehicle Insurance has grown as a greater opportunity for dealers to sustain a longer relationship with the customer and retain the business opportunity at large for future.
The panellists for the Power Panel 2 were Anand Singhi, Chief Distribution Officer, Reliance General Insurance Co. Ltd; Gunasekhar Boga, Executive Director, IFFCO TOKIO General Insurance Co. Ltd; Jagjeet Siddhu, Senior EVP & Head, Multi-Channel Distribution, Kotak Mahindra General Insurance Co. Ltd; Parthanil Ghosh, President - Motor Business, HDFC Ergo General Insurance Co. Ltd and the session was moderated by C S Vigneshwar, Secretary, FADA.
The summit was further extended to FADA Dealership Excellence Awards 2022. Dr Avinash Dhakane, IAS, Transport Commissioner, Maharashtra, was the chief guest. Dr Pawan Goenka, Chairman IN-SPACe, Department of Space, Government of India and executives from Indian Automobile sector, Finance, and Insurance institutions, as well as representatives of FADA were also present.
The objective of the summit was to bring industry leaders together at one platform to explore future trends. The summit and award ceremony witnessed the participation of over 317 auto retailers and delegates from Maharashtra region, the release added. (MT)
Honda Cars India Reports 5,243 Unit Wholesales In June 2026
- By MT Bureau
- July 01, 2026
Honda Cars India (HCIL), a leading passenger vehicle manufacturer, has announced wholesales of 8,788 units in June 2026.
In the domestic market, the company sold 5,243 units and 3,545 units for export, which marks 71.5 percent YoY, when the company sold 4,618 units domestically and exported 506 units.
Kunal Behl, Vice-President, Marketing & Sales, Honda Cars India, said, "The launch of new City and India Premiere of global SUV Honda ZR-V has generated strong momentum for our overall sales including Amaze and Elevate during June, driven by healthy customer demand and a positive market response. With Monsoon conditions expected to improve during July, we hope to sustain this positive momentum in the months ahead.
“The deliveries of ZR-V are also scheduled to begin from July. It will draw discerning new customers and prospects into Honda showrooms, enhancing our premium brand appeal and unlocking new growth opportunities,” he added.
Renault India Reports 4,063 Unit Wholesales For June 2026
- By MT Bureau
- July 01, 2026
French automotive company Renault India has recorded 4,063 domestic wholesale units in June 2026, a 55 percent YoY increase compared to the previous year. This also marks the 10th consecutive month of double-digit growth for the company.
Interestingly, for H1 CY2026, the company reported sales of 25,844 units, representing 61 percent YoY growth.
During June, Renault India began exports of the Duster, dispatching 750 units to South Africa. The company stated that this performance reflects customer response to its product strategy and demand across its portfolio.
Tata Motors Passenger Vehicles Reports 63,083 Unit Wholesales For June 2026
- By MT Bureau
- July 01, 2026
Tata Motors Passenger Vehicles, one of the leading passenger vehicle manufacturers in the country, has reported wholesales of 63,083 units in June 2026, which was 69 percent higher than the 37,237 units sold last year. Exports for the month came at 1,007 units, as against 154 units sold last year.
For Q1 FY2026, the total wholesales came at 182,574 units, up 46 percent YoY, as against 124,809 units a year ago. Domestic sales came at 180,166 units, up 45 percent YoY, while exports came at 2,408 units, up 148 percent YoY.
Shailesh Chandra, MD and CEO, Tata Motors Passenger Vehicles, said, “Q1 FY27 has marked a strong start for Tata Motors Passenger Vehicles, delivering industry beating growth with sales of 182,574 cars and SUVs, up 46 percent YoY. This performance was fuelled by robust customer demand and the success of our recent launches. Our leadership in electric mobility further strengthened during the quarter, with EV volumes more than doubling to record 112% growth YoY. Our retail performance was equally encouraging, with Vahan registrations rising around 40 percent YoY, nearly twice the industry growth. We concluded the quarter on a high note, recording June sales of 63,083 cars and SUVs, registering a robust 69 percent growth YoY. In EVs, we achieved our highest-ever monthly sales of 14,800 units, with volumes nearly tripling YoY. The sustained momentum across both wholesale and retail channels reinforces the growing strength of our portfolio and the positive response from customers across segments. The response to the new avatars of Tiago and Punch have been overwhelming with bookings surging across powertrain, reaffirming the strength of our multi-powertrain strategy. We are seeing encouraging growth in EV adoption across segments and the strong momentum in the entry EV category signals rapid mainstreaming of electric mobility across India. While supply constraints impacted Sierra volumes during the quarter, customer interest and booking momentum remain robust. Corrective measures are currently underway to further augment production from select vendors in line with demand and this will progressively enable us to accelerate deliveries from Q2 onward. With a strong order book, exciting products and sustained customer demand, we remain confident about maintaining our growth momentum through the rest of the year.”
Nissan Motor India Witnesses 4th Consecutive Month Of Growth In June 2026
- By MT Bureau
- July 01, 2026
Nissan Motor India, one of the leading passenger vehicle manufacturers, has recorded its fourth consecutive month of domestic sales growth in June 2026.
The company reported domestic wholesales of 3,006 units last month, which marks a 129 percent YoY increase. Total wholesales for the month reached 8,346 units, including 5,340 exports, representing a 16 percent YoY rise.
Saurabh Vatsa, Managing Director, Nissan Motor India, said, “Recording four consecutive months of domestic sales growth is a strong reflection of the growing customer confidence in our product portfolio and the steady progress of our market strategy. This momentum has been made possible by the continued support of our partners, dealers and on-ground teams, who are playing a vital role in strengthening Nissan’s presence across India. The sustained demand for the New Nissan Magnite and the all-new Nissan GRAVITE, along with our expanding customer reach and network footprint, gives us confidence as we prepare for the World Premiere of the Nissan TEKTON on July 9. This milestone reinforces our long-term commitment to India and to delivering products that meet evolving customer expectations.”
The company is now preparing for the world premiere of the Nissan Tekton, scheduled to be introduced on 9 July 2026.
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