Create task force to monitor Ford India's exit compensation plan: FADA

The dealers urged the minister to initiate a formal meeting on the Automobile Dealers' Protection Act

 

 

The Federation of Automobile Dealers Associations (FADA) requested the union government on Thursday to create a taskforce to monitor the implementation of the compensation plan offered by Ford India.

 

Vinkesh Gulati who is the FADA's President along side CEO Saharsh Damani and met Union Heavy Industries Minister M N Pandey to give a representation on Ford India issue.

 

They all urged the minister to initiate a formal meeting on the Automobile Dealers' Protection Act.

 

FADA said in its representation to the Minister, "Make sure that Ford India indemnifies dealers from various consumer and civil cases, both under pendency and against any future cases that may arise directly or indirectly out of Ford's restructuring announcement."

 

The representation had cited that after General Motors in 2017, Man Trucks in 2018, UM Lohia in 2019, Harley Davidson in 2020 and several fly by night electric vehicle players, and Ford India is the fifth biggest exit from the country auto markets since 2017.

 

It said that though Ford maintains that this is not an exit, the modalities of the so-called restructuring of country's operations suggest the otherwise.

 

The representations said that Ford India is forcing its dealers to first sign Non-Disclosure Agreement (NDA) very recently by September 14, 2021 before any compensation package is worked out.

 

A number of dealers in the country have directly or indirectly urged FADA to take up the matter for courteous resolution.

India Scanner News Network

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