VW India elevates its Future Leader – Vishal Bhat

VW India elevates its Future Leader – Vishal Bhat

by WAF Editorial Team 

 

•Volkswagen India is gearing up for its Mega Launch in 2021

•Renewed Focus on Customer Experience, Value Proposition and Peace of Mind

•Elevates in-house talent, Vishal Bhat, to lead the After Sales Service function and spearhead the Change

 

Volkswagen India has planned a power packed 2021

They are getting ready with their arsenal of products, marketing strategy, Renewed Focus on Processes & Customer Experience. The arsenal gets powered by the right people!

VW India has elevated Vishal Bhat to head their after sales service function with effect from Jan 1, 2021.

Mr Bhat is currently heading Pan India Corporate Sales and Das Welt Auto – VW’s Certified Pre Owned Car Brand at VW India.

With over 17 years of extensive experience in automotive industry, Bhat brings in diverse expertise to the position. In a period of last five years, he has undertaken various roles and responsibilities across functions –Aftersales, Customer Care, Corporate and Das WeltAuto sales operations and has been successfully leading them.

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Apple’s Biggest Miss : Not Acquiring Tesla at a Tenth of its Current Price, 2 yrs back

Apple’s Biggest Miss : Not Acquiring Tesla at a Tenth of its Current Price, 2 yrs back

By WAF Editorial Team 

 

  • In 2017-18, Elon Musk reached out to Apple to sell Tesla

  • Musk says, “This was during the Darkest Days of the Model 3”

  • “Tim Cook declined the meeting request”, tweeted Musk 

  • Tesla is 10 times more valuable since then! 

  • Apple plans to launch its EV in 2025

  • Biggest Miss for Apple ?

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Industry Outlook 2021 : Overall Seems Positive

Industry Outlook 2021 : Overall Seems Positive

by WAF Editorial Team 

 

Yes we had last few months of stellar wholesale and retails as…

The dealers inventories were near zero when lockdown eased

There was a pent up demand

People shunned public transport and embraced personal mobility 

2 wheeler and Pre Owners cars demand went through the roof due to price sensitivity. 

What is the Outlook for 2021 ?

The Sensex might be breaching 47K levels but situation at ground level is not that encouraging.

The Auto Industry was just recovering from the BS-6 , Poor Demand in 2019 and 2018 and it got struck by Covid19. The Market has surely opened up but demand is still not consistent.

Manufacturing facilities continue to suffer from covid related closures. Manpower outages are still not that uncommon. Supplies get stuck due to covid or agitations.

Industrial Output, earnings are still down. The new strain from UK is also bad news. This seems the time to just stay healthy and protected, ensure family is safe ; Surviving seems to be the new thriving!

So Quoting figures …

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WAF creates History by getting together Top Global After Sales Experts for Best Practices Sharing

WAF creates History by getting together Top Global After Sales Experts for Best Practices Sharing

Press Release

Teus, 15 Dec 2020 5:45 PM IST

IVASS 2020 brings together the Global After Sales Experts to share Industry Best Practices amidst the Pandemic

 

 

  • Every year, World Auto Forum celebrates National Vehicle After Sales Day on Second Sat of Dec with IVASS- India Vehicle After Sales Summit & Exhibition
  • In its 6th year, IVASS went global this time and in a pioneering act got together the Top After Sales Experts from Asia, Africa, Middle East, Europe and Australia
  • The virtual exhibition at IVASS 2020 was also the highlight of the event and was a roaring success
  • The most important reason for the global best practices sharing was that the entire industry worldwide moves a notch up in threshold and the most critical facet of the value chain benefits that is the Consumer!

 

 

15th December 2020 | New Delhi & Detroit | https://worldautoforum.com/ivass

 

India Vehicle After Sales Summit, a program organized on Saturday, 12th December 2020 by World Auto Forum in association with ASDC – Automotive Skilling Development Council, set the path for innovations in the Vehicle After Sales & Auto aftermarket ecosystem. 

Top Experts from Auto Suppliers, OEMs, Dealership network, Service companies, Parts Makers & Distributors graced the Panel Discussions and Keynote sessions. The theme this year was ‘Surviving and thriving through Innovation, Skilling & Teamwork’. Each session deliberated on various aspects of the post Covid needs and adaptability required to cope with the changing dynamics of consumer behaviour and governmental policies.

Anuj Guglani, CEO, World Auto Forum set the ball rolling by sharing with the audience, the global outreach of IVASS this year, with speakers brought in from across the globe to broaden the horizons of learning and sharing of best practices. He also elucidated the common global challenges faced by the Industry and the pivotal role Innovation plays in overcoming them. 

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Riskcovry – The Beacon of Innovation in Insurance Tech Space

RISKCOVRY

Riskcovry – is a B2B2 InsurTech startup based in Mumbai and Bangalore offering an “Insurance as a Service” for any distribution use case. Founded in 2018, by Suvendu Prusty, Sorabh Bhandari, Chiranth Patil and Vidya S., Riskcovry helps businesses with a large user base to enable insurance distribution seamlessly, saving them the traditional overhead of building teams, technology integrations with Insurance carriers and manage processes for Insurance distribution.

The company works closely with insurance companies to design products that cater to the needs of a broader population.
• Riskcovry offers an Insurance-as-a-Service technology platform for any use case.  To enable an “anyone can help insure” vision, building an Insurance-Distribution-Data-Tech platform, across industries.
• Platform consists of 2 inter-operable Technology Products: Riskcovry Insurance-in-a-box & Riskcovry SaaS. Our API’s are designed to meet the needs of both the physical and digital distribution of insurance.
• Modular set of platform capabilities that is agnostic of insurance carriers, products, channels, devices & customer segments, delivered via APIs
• Personalized customer experience (CX) across all digital touchpoints : buy, manage, claim

Risk-O-Meter

Risk-O-Meter (proprietary risk management engine of Riskcovry) enables consumers and businesses to assess their risks in real time based on the user inputs and secondary data scraping before they exploring the insurance product and price options . The API supports dynamic underwriting logic from insurers and displays the price based Risk-o-Meter score. For example, when a user is exploring a business insurance coverage, the Risk-o-Meter generates the cumulative risk score for the location from where the business is operating based on various risk exposures like Fire, Theft, Flood, Earthquake etc.

Loan Protect
Loan Protect is an industry first product that protects a borrower of a loan from death, critical illness and loss of employment and the lender from loan default. Riskcovry’s backend engine bundles 3 different products from multiple insuers i.e. death (life insurance), critical illness (health insurance) and loss of employment (general insurance) and into a single API. This API fetches information from the borrower in real time based on his/her loan details such as interest rate, term of the loan, and age. This in turn allows the lender to customize insurance covers for each customer giving the flexibility to the borrower as well. All policies are issued, managed and claimed digitally. Riskcovry’s solution is completely plug and play without disrupting the existing submission/disbursement workflows. The API’s can power any digital customer experience journey such as borrower opt-in or opt-out, umbrella consent, or transaction level consent.
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India Vehicle Scrappage Policy – A Perspective

India Vehicle Scrappage Policy – A Perspective

by S S Rana & Co. – Leading IP Attorneys & Advocates

 

The rising air pollution in the major cities of the country is a major health and environment  concern with 65% of total air pollution caused by older commercial vehicles plying on road.  To arrest this issue, the Ministry of Road Transport and Highways is slated to scrap vehicles  older than 20 years under the vehicle scrappage policy or voluntary vehicle fleet modernization  program, first mooted in 2016.  

A scrappage policy is a government-funded programme to promote the replacement of old  vehicles with modern ones. A vehicle scrappage programme is usually intended to stimulate  the automotive industry as well as taking obsolete and more polluting vehicles off the road. It proposes to remove old commercial vehicles off the road and moot creation of an ecosystem  to promote scrapping and recycling. 

The policy is expected to considerably impact environmental sustainability and give thrust to  automobile sector by creating new demand. The policy can be viewed as an extension of NGT  ruling for Delhi-NCR whereby diesel vehicles older than 10 years were ordered to stop plying  on the road. Similar policies have been implemented in countries like US, UK, China,  Indonesia etc. to drive auto industry and reduce pollution. 

Key Provisions of Draft Policy: 

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