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)

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Toyota Kirloskar Motor (TKM) has marked 20 years of the Innova SUV in India, with cumulative sales of over 1.2 million units across the Innova, Innova Crysta and Innova HyCross models.

Launched in 2005, the Innova set a new benchmark in the MPV segment with its combination of ride comfort, spacious interiors, durable build and advanced safety features. The Innova Crysta followed in 2016 with a new design, more powerful engines and premium features, while the 2022 Innova HyCross introduced self-charging hybrid technology, delivering 186 PS of combined output and segment-leading fuel efficiency. The HyCross has sold 100,000 units in India since its launch.

Varinder Wadhwa, Vice-President – Sales, Service and Used Car Business, Toyota Kirloskar Motor, said, “The Toyota Innova has built a deep emotional bond with customers over the last two decades – trusted as a dependable companion for families, loved by all for its comfort and reliability and chosen time and again across generations. Whether for daily commutes or memorable road trips, the Innova has remained a part of countless personal journeys. Beyond its emotional connect, the Innova stands strong as a product benchmark – offering spacious interiors, robust build quality and smooth drivability, making it one of the most trusted and loved MPVs in India.”

Toyota attributed the Innova’s sustained popularity to its comfort, practicality, and adaptability, supported by customer-focused enhancements and the company’s after-sales ecosystem, T CARE, which offers services from quick delivery to value-added protection and transparent maintenance.

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Tata Motors, one of India’s leading SUV manufacturers, has unveiled the all-new Adventure X Persona variants for the Tata Harrier and Tata Safari SUVs.

The new variant now equips the Harrier and Safari Adventure Persona with many segment-first ADAS features such as Adaptive Cruise Control (AT), 360deg HD Surround View, Trail Hold EPB with Auto Hold, Trail Response Modes (Normal, Rough, Wet), a Land Rover-derived Command Shifter (AT), along with segment-leading features such as the Ergo Lux Driver Seat with Memory & Welcome function, a 26.03 cm Ultra-View Twin Screen System, Trail Sense Auto Headlamps, Aqua Sense Wipers and Multi Drive Modes (City, Sport, Eco). 

The persona edition starts at INR 1.89 million for the Harrier Adventure X and INR 1.99 million for the Safari Adventure X+ variants.

Vivek Srivatsa, Chief Commercial Officer, Tata Passenger Electric Mobility Ltd, said, "The Harrier and Safari have always stood for more than just mobility – they represent status, purpose, and a deep-rooted desire for an adventurous lifestyle. With the introduction of the Adventure X persona, we’ve modernised these icons for a new era – one that champions individuality, precision-crafted design, and intelligent capability – all while offering more value per car. Designed for those who seek authenticity, capability and expression in equal measure, the Adventure X is positioned at a compelling price point in the segment, offering class leading features. Furthermore, with this new persona, we have also reimagined the Harrier and Safari line completely, making the range more intuitive, streamlined and value-rich than ever before in the high SUV space.”

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Audi has introduced an enhanced warranty and roadside assistance programme in India, providing customers with extended protection and support. The luxury automaker now offers a 10-year extended warranty option, complementing its standard manufacturer’s warranty. This optional coverage safeguards against manufacturing defects for vehicles up to a decade old, with mileage protection extending to 200,000 kilometres. Customers can choose between one or two-year extensions with terms matching the original warranty. The programme is available for all Audi models and can be purchased either at the time of new vehicle delivery or before the existing warranty expires.

Alongside the warranty extension, Audi has expanded its roadside assistance programme to 15 years, delivering round-the-clock emergency support across India’s national and state highways, as well as other motorable roads. Services include towing, technical assistance for minor issues, fuel delivery, battery boosts, tyre repair and lockout support. Premium features such as hotel accommodations for prolonged repairs, vehicle safekeeping and dedicated customer updates further enhance the offering. Pricing for roadside assistance starts at INR 3,999, with options tailored to different vehicle ages and coverage durations.

Both new and existing Audi customers can benefit from these programmes, with current owners eligible to upgrade based on their vehicle’s age and warranty status. This initiative underscores Audi’s commitment to delivering superior ownership experiences in India’s luxury automotive market.

Balbir Singh Dhillon, Head of Audi India, said, “At Audi India, we believe that our relationship with customers extends far beyond the point of purchase. Our extended warranty and Audi Roadside Assistance Programme is an extension of our unwavering commitment to customer satisfaction and establish new industry standards for luxury automotive service in India. With a 10-year extended warranty and 15-year roadside assistance, we intend to offer our customers an unparalleled peace of mind, knowing that support is always available.”

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Japanese automaker Suzuki Motor Corporation has announced that its popular hatchback the ‘Wagon R’ series has achieved a new sales milestone.

First introduced in September 1993 in Japan, the Wagon R has now crossed cumulative global sales of 10 million units by June 2025. The milestone was achieved 31 years and 9 months after the first launch.

The Wagon R was originally developed as a semi-bonnet style mini wagon, designed with rider comfort and ease of use in mind. It has become one of Suzuki’s signature models, widely appreciated in Japan.

Over the years, production expanded beyond Japan to countries including India, Hungary and Indonesia, with the model evolving to suit local market needs. The technologies refined for global minicar standards have been applied across the Wagon R series.

To date, the Wagon R has been sold in over 75 countries and regions, including Japan, India and across Europe. The series has consistently improved in terms of fuel efficiency, environmental performance, and user convenience. For instance, CNG variants with enhanced fuel economy have been introduced in India, while the Wagon R Smile – featuring sliding doors – was launched in Japan.

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