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)
Dacia Rolls Out 100,000th Bigster In Just One Year
- By MT Bureau
- February 05, 2026
Renault Group-owned European car brand Dacia has achieved a significant milestone with the rollout of the 100,000th Bigster just one year after its production began at the Mioveni facility in Romania. This impressive volume highlights the immediate and substantial demand for the brand's latest model. Even prior to its full market launch, the vehicle garnered over 13,000 pre-orders, signalling strong early interest in its proposition of a value-oriented, family-sized SUV.
The model swiftly translated this initial promise into market leadership, becoming the best-selling C-SUV to retail customers across Europe in the second half of 2025. This commercial success is mirrored in the United Kingdom, where close to 5,000 orders have been recorded. British buyers have shown a distinct preference for the efficient hybrid 155 powertrain and the generously specified Journey trim level, with Indigo Blue being the colour of choice.
Beyond sales figures, the Bigster's impact has been validated by influential industry awards, most recently at the 2026 What Car? Car of the Year Awards, where it was hailed as a definitive value champion. Designed to challenge the status quo, the Dacia Bigster, starting from GBP 25,215, successfully delivers a robust, well-equipped and practical solution for families, firmly establishing its successful position in the competitive automotive landscape.
Hyundai Motor India Reports INR 123 Billion Profit In Q3 FY2026
- By MT Bureau
- February 02, 2026
Hyundai Motor India (HMIL) has released its unaudited financial results for Q3 FY2026 and nine months ending 31 December 2025.
The company reported a Profit After Tax (PAT) of INR 123.44 billion for Q3, representing a 6.3 percent increase YoY. Revenue for the quarter reached INR 1,797.35 billion, up 8 percent compared to the same period last year. EBITDA stood at INR 2,018.3 billion, a 7.6 percent rise, supported by festive demand and the implementation of GST 2.0.
The company stated that the domestic demand was supported by wholesale volumes increasing 5 percent QoQ. The Hyundai Creta recorded sales of over 200,000 units in the 2025 calendar year, while the new Venue model has received nearly 80,000 bookings to date.
Hyundai Motor India also entered the commercial mobility segment with the Prime HB and SD taxi models. Exports grew by 21 percent YoY in Q3 FY26, accounting for 25 percent of the total sales mix.
For the nine-month period, EBITDA reached INR 6,632.5 billion, a 3.3 percent increase. EBITDA margins expanded to 12.8 percent, up from 12.5 percent in the previous year, despite costs related to capacity stabilisation and commodity prices.
Tarun Garg, Managing Director & Chief Executive Officer, said, “The third quarter performance underscores our resilience and strong execution of 'Quality of Growth' strategy, marked by healthy growth in volumes, revenue and profitability. Notably on a year-to-date basis, EBITDA margins expanded to 12.8 percent as against 12.5 percent last year, supported by our efforts towards improving sales mix and prudent cost control measures. As we move ahead, the robust January’26 sales number gives us great momentum towards a healthy 2026.”
|
Particulars |
Q3 FY26 |
Q2 FY26 |
Q3 FY25 |
9M FY26 |
9M FY25 |
|
Revenue |
179,735 |
174,608 |
166,480 |
518,472 |
512,526 |
|
EBITDA |
20,183 |
24,289 |
18,755 |
66,325 |
64,211 |
|
EBITDA % |
11.2% |
13.9% |
11.3% |
12.8% |
12.5% |
|
PAT |
12,344 |
15,723 |
11,607 |
41,759 |
40,259 |
Jeep Reaffirms India Commitment With Strategic Plan Jeep 2.0
- By MT Bureau
- February 02, 2026
Stellantis-owned Jeep has announced its Strategic Plan Jeep 2.0, positioning India as a central hub for its operations in the Asia Pacific region. The plan focuses on localisation, manufacturing depth, and export expansion from the company's facility in Ranjangaon, Pune.
As part of the strategy, Jeep intends to increase localisation levels to 90 percent, up from the current 65–70 percent. This move is aimed at strengthening supply-chain resilience and cost competitiveness. The Ranjangaon plant, which has an annual capacity of 160,000 vehicles, currently exports the Compass, Meridian, and Commander to markets including Japan, Australia and New Zealand. Plans are underway to expand exports to Africa and North America.
The company plans to introduce a new vehicle lineup in India starting from 2027. In the interim, Jeep will maintain its current portfolio through refreshes and special editions. To support its customers, the brand has introduced the Confidence 7 programme, which includes a buyback scheme, pre-maintenance packages, and extended warranties.
At present, Jeep operates over 85 sales and service touchpoints across 70 cities in India. The automaker stated that in 2025, the Wrangler Willys 41 limited edition sold out within seven days. The company is also focusing on its owner community, which has reached 100,000 members, through experiential platforms and brand clubs.
Shailesh Hazela, CEO & Managing Director, Stellantis India, said, “Jeep’s 85-year legacy is built on authenticity and adventure. Strategic Plan Jeep 2.0 lays out how we will sharpen our product strategy and strengthen the customer experience year after year, driven by deeper localisation, global product alignment, expanding our vehicle offerings, and programs that deliver real value. We are equally focused on taking care of our existing customers, ensuring they receive the support, service and confidence they expect from Jeep. Success in India demands resilience and long-term commitment and we are investing with that clarity to ensure Jeep remains a brand of pride and desirability.”
Maruti Suzuki India Reports INR 37.94 Net Profit For Q3 FY2026
- By MT Bureau
- January 28, 2026
Maruti Suzuki India, the country’s largest passenger vehicle manufacturer, has reported its financial results for Q3 FY2026.
The company reported revenue of INR 475.344 billion, as against INR 368.02 billion last year, net profit came at INR 37.94 billion, as against INR 36.59 billion last year. It is to be noted that the net profit was impacted for Q3 FY2026 was impacted due to a one-time provision of INR 5,939 million relating to new Labour Codes.
During the period, the company achieved its highest quarterly domestic sales of 564,669 units, an increase of 97,676 units over the previous year. Total sales reached 667,769 units, which included 103,100 units in exports. This performance was supported by a recovery in the car market following GST reform, with the small car segment in the 18 percent GST bracket contributing significantly to the volume increase.
For the nine-month period from April to December 2025, the company recorded its highest sales volume, net sales and net profit. Total sales volume reached 1,746,504 units, with domestic sales at 1,435,945 units and exports at 310,559 units. Net sales for this period increased to INR 1,242 billion, while net profit grew to INR 1,085 billion.
Financial statements for the period have been restated following the amalgamation of Suzuki Motor Gujarat (SMG) with MSIL. This process took effect from 1 April 2025. The company continues to monitor market conditions as it manages its manufacturing and sales operations.
The recovery in the car market was led by the small car segment. Sales growth in this category accounted for 68,328 units of the total domestic increase. The company remains focused on domestic and export markets to maintain its sales volumes.
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