Fada seeks legislative safeguards to prevent OEMs exiting abruptly

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Fada seeks legislative safeguards to prevent OEMs exiting abruptly - Business Standard

Quick Summary:

Automobile dealer body FADA on Wednesday sought legislative safeguards to prevent companies from exiting the country abruptly in order to safeguard the interest of dealers and employees working at the dealerships.

Speaking at the 6th Auto Retail Conclave here, newly appointed President of the Federation of Automobile Dealers Associations (FADA) C S Vigneshwar also asked the government to issue strong directives to state governments for the full implementation of the CMVR (Central Motor Vehicles Rules).

Various automotive OEMs like Ford, General Motors and Harley Davidson have ceased sales operations in India since 2017.