Federation of Automobile Dealers Associations News

FADA has written to Finance Minister and RBI Governor. The industry body has urged to give a moratorium. The body has also suggested the RBI to reduce interest rates.

Vehicle registrations in the country declined 15 per cent on a year-on-year basis to 16.06 lakh units after two months of positive growth, data from Federation of Automobile Dealers Associations (FADA) showed on Tuesday. FADA's statement said that it looks forward to demand spurring initiatives in the Union Budget 2020 and specific initiatives for the auto industry based on its feedback for the faster revival of much-needed sustainable growth.