What if 1 Lakh Connected Vehicles get hacked in a city simultaneously? | The Auto World This Week

World Auto Forum connects the Auto Industry in 125 Countries. WAF gets you the important auto news of the week from India and round the world!

INDIA AUTO NEWS



 

 

What if 1 Lakh Connected Vehicles get hacked in a city simultaneously?
We don’t even have a law on it as yet! There shall be globally 250 Million Connected vehicles by 2020.
With India at the forefront, we need Standards & Laws for Protection. WAF taking this Dialogue to Action!



 

 

How Consumers adopt the Innovations in CV Space by Vinod Aggarwal MD & CEO Volvo Eicher CV
One of the Most Knowledgeable yet Most Humble Stalwarts of the Auto Industry shared how Innovation can be a common ground between Consumers & Organisations

Hero MotoCorp Becomes First Two-Wheeler Manufacturer To Receive BS6 Certification
The BS6 regime will kick off from April 1, 2020 and keeping that in mind, two and four wheelers have already started moving their production to BS6.

Auto industry seeks govt intervention as PV sales skid to decade low
Vehicle sales in India — a key indicator of the economy — continued to slump with a decline of 8.62 per cent in May.

Mercedes-Benz appoints Santosh Iyer as India head of sales and marketing
Luxury car maker Mercedes-Benz India has announced an organisational change in its sales and marketing function by appointing Santosh Iyer, currently Vice President..

 



GLOBAL AUTO NEWS

BMW’s Auto Business Posts Loss Following Antitrust Charge 
BMW AG said its core automotive business swung to a quarterly loss on a €1.4 billion ($1.6 billion) charge against potential fines from a European antitrust probe…

Patent guidelines put tech firms, carmakers on collision course
Rival proposals for European patent guidelines covering technology vital for building self-driving cars and internet-linked vehicles have set tech firms and carmakers on a collision course...

 

TMC goes all in on full-electric models
AS TOYOTA Motor Corporation (TMC) continues its transition “from an automobile company to a mobility company”, it has finally detailed its eagerly anticipated roadmap for full-electric models that will play a key role in this…

‘We’re built for this’: How a Calif. dealership group keeps business in the family
Casa Automotive Group in Los Angeles has overcome differences in personalities and business philosophies to successfully transition the company from the first

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What if 1 Lakh Connected Vehicles get hacked in a city simultaneously? We don’t even have a law on it as yet!

What if 1 Lakh Connected Vehicles get hacked in a city simultaneously? We don’t even have a law on it as yet!

By Anuj Guglani CEO , World Auto Forum

 

Yes! this can be a sad reality, if we don’t know do something about it Now!

 
World Auto Forum getting all the Stakeholders viz Govts, Industry Chambers & Associations, IT Cos, Auto Cos, Telcos Together to Act on it
 

The Time to “Act” is “Now”!

20 Years back, one would read the news of just computers getting hacked. If back in 1990 someone had said, your car, or your fridge can be hacked. People would have laughed their guts out!  Well now computers run everything! And they are connected, so in short, anything can get hacked!

Whether its Power Grids, Transportation, Buildings, Public Infrastructures…list goes on..

IOT – Internet of Things or IOE – Internet of Everything are Great concepts. They are getting Big Push from the Govts, Enthusiastic IT Cos & Telcos! Well, all this is Nice!

But the problem lies in the fact that the “Design Genesis” of most Non IT Assets lies not in the present decade but in the last three or four decades. So by design our cars, fridges were not supposed to be IoT and IoE Enabled.

So, When you do make them IoT enabled now, the basic design doesn’t guarantee Security unless the accessing networks are super secure!

Continue reading “What if 1 Lakh Connected Vehicles get hacked in a city simultaneously? We don’t even have a law on it as yet!”

The Auto World This Week | Most Car Service Aggregators Offering An Uber, Customers Need An Oyo

World Auto Forum connects the Auto Industry in 125 Countries. WAF gets you the important auto news of the week from India and round the world!

INDIA AUTO NEWS



 

Most Car Service Aggregators offering an Uber, Customers need an Oyo
Whats’s with Uber that works fab while hailing a Cab but goes miserably wrong when applied to a Car Service Centre. Well here it is..

 

Kia Motors India to make Debut with Seltos SUV
Seltos is based on the SP2i Concept Vehicle, they had showcased at the 2018 Auto Expo at Greater Noida , Delhi NCR. Incidentally Kia Motors India had also won the World Auto Forum Best Pavilion Contest last year. A Contest keenly contested by all exhibiting Auto

 

Jeep is most trusted automobile brand in India, Maruti Suzuki is at second spot: TRA Brand Trust Report 2019
Jeep Compass gets a 1.4-litre Multiair petrol engine that makes 163 bhp and 250 Nm of torque. It is offered with a 6-speed manual gearbox and has an option for a 7-speed automatic transmission also.

 

M&M to expand African footprint, plans manufacturing units in Sudan, Kenya
M&M opened its first assembly unit in Durban in May 2018 as part of a larger strategy to make South Africa a second base outside India

 



 

Hyundai Motor India Key Initiatives by S Punnaivanam – Head, After Sales, Hyundai Motor India



GLOBAL AUTO NEWS

 

Fiat Chrysler withdraws proposed merger with Renault
Fiat Chrysler has withdrawn its proposal to merge with French automaker Renault — a deal that would have reshaped the global auto industry and helped...

 

CHART OF THE WEEK : All the World’s Carbon Emissions in One Chart
Two degrees Celsius may not seem like much, but on our planet, it could be the difference between thriving life and a disastrous climate.

 

Leading Chinese Auto to “Go Global” – Great Wall Motors is About to Complete Tula Factory in Russia
Under China’s strategy of ” The Belt and Road “,Great Wall Motors’ Tula factory in Russia is the the first Chinese full-function automotive factory in overseas.

 

China fines Ford’s Changan venture $24 million for antitrust violations
China’s market regulator fined Ford Motor Co’s main local joint venture 162.8 million yuan ($23.55 million) on Wednesday for violating anti-monopoly laws, the latest automaker with foreign partners to face such penalties.

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Most Car Service Aggregators offering an Uber, Customers need an Oyo!

Most Car Service Aggregators offering an Uber, Customers need an Oyo!

by Anuj Guglani, CEO World Auto Forum 

Whats’s with Uber that works fab while hailing a Cab but goes miserably wrong when applied to a Car Service Centre. Well here it is..

Its been ages I went to a workshop to get my car serviced. Its always been picked and dropped. So instead of me visiting the Workshop, the latter would visit me each time!

I have taken my car mostly to the Authorised OEM Workshop. Now that the car got a bit old and thus out of warranty, I thought of experimenting these new age Car Service App based Aggregators.

So more for the Experience, I reached out to one of the app Co’s.

What follow s is nothing against the company or the workshop. On the contrary the app and their staff put in great effort in ensuring a good experience. But the entire model seems to be designed to create confusion and trauma. Here’s why ..

Key Difference between Uber and Car Service Aggregators

Continue reading “Most Car Service Aggregators offering an Uber, Customers need an Oyo!”

Why it won’t be a Cakewalk for MG Motor at India | The Auto World This Week – May 31, 2019

World Auto Forum connects the Auto Industry in 125 Countries. WAF gets you the important auto news of the week from India and round the world!

INDIA AUTO NEWS

 

Why it wont be a Cakewalk for MG Motor at India ?
MG, Morris Garages, the Iconic British car brand owned by the Chinese Auto Co SAIC is all set to make its brand debut in India with the SUV, MG Hector. 

 

Ather Energy Raises $51 Mn In Round Led By Sachin Bansal
Bengaluru-based electric two-wheelers maker Ather Energy, has raised an investment of $51 Mn in its latest round of funding, led by Flipkart cofounder Sachin Bansal’s who poured in $32 Mn.

 

Hyundai gears up to launch luxury brand Genesis in India
Hyundai Motor Co. will launch its luxury brand Genesis in the Indian market after 2020 and will test the acceptance of its models in the premium segment by first introducing its Kona electric SUV in July, three people aware of the development said.

 

 

Leyland delivers goods in Q4, but demand remains challenge for CVs in near term
In mid-February, shares of Ashok Leyland Ltd had fallen almost 54% from their highs in 2018 to ₹78…



GLOBAL AUTO NEWS

 

Toyota expects fuel cell prices to match hybrids
GOTHENBURG, Sweden — Toyota believes the price of fuel cell cars will match those of hybrids within 10 years, the automaker’s European head of sales and marketing, Matt Harrison

 

FCA, Renault face tall odds delivering on cost-cutting promises in merger
Fiat Chrysler Automobiles NV and Renault SA promise huge savings from a mega-merger, but such combinations face tall odds 

 

Component manufacturing demand a good sign for South Africa’s automotive industry
After 2021 South Africa’s automotive industry growth is set to be bigger when government policy demanding more than 50% local content kicks in..

 

BYD delivers Argentina’s first electric buses
The electric buses are the first fleet of its kind in Argentina, signifying a major milestone in the electrification of public transportation in the South American country.



 

The Art of an M&A Deal Negotiation -Live Examples not Just Theory by Bhupinder Singh CEO Sunbeam Auto



 

Vision 2030 : The Future of Auto Retail
Your Dealership Culture
Your Product’s Reliability & COO
Your Digital Strategy & FootPrint

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The Auto World This Week | Top 10 Stories from India & the World

World Auto Forum connects the Auto Industry in 125 Countries. WAF gets you the important auto news of the week from India and round the world!

INDIA AUTO NEWS

 

Vitara, XUV300, Ecosport, Nexon Challenger Hyundai Venue Launched at 6.5 Lakhs!
Hyundai Venue is the offering of the company in the sub 4m , Compact SUV Segment. This was a space left blank by the company as its best selling Creta is way above.

 

Only electric 2-wheelers may be sold in country after 2025 
Signalling a faster transition towards electric vehicles, th .. 

 

 

Volvo Cars bullish on India’s long-term potential
In its quest to fuel growth in India, Volvo Cars is betting on electric and hybrid vehicles, which it sees as game changers.

 

Bajaj Auto’s market share gains aren’t resulting in profit growth
Bajaj Auto beat competitors hands down in fiscal year 2019 with volume growth of 28.7%



GLOBAL AUTO NEWS

 

Daimler CEO announces sweeping cost review as he bows out
Daimler’s Chief Executive Dieter Zetsche announced a sweeping cost review on Wednesday, his last day in office, as he bid farewell to shareholders following more than a decade at the helm of luxury carmaker Mercedes-Benz.

 

How Much Oil is in an Electric Vehicle?
When most people think about oil and natural gas, the first thing that comes to mind is the gas in the tank of their car. But there is actually much more to oil’s role, than meets the eye…

 

Nissan chief makes useful scapegoat for everyone
Nissan’s chief executive is too useful a scapegoat to dismiss. Hiroto Saikawa will stay longer than expected at the helm of the struggling $30

 

Japan says U.S. curbs on auto imports would hurt global economy
Japan’s top government spokesman said on Wednesday that auto import restrictions by Washington would adversely affect the U.S. and global economies.



 

Hero’s IT Landmarks by Vijay Sethi CIO, CHRO, Head CSR Hero MotoCorp



 

How Connected Vehicles can help us halve Vehicular Air Pollution & Road Accidents in an Year!

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World Auto Forum – Across 125 Countries
All Here : https://WorldAutoForum.com


 

 

 

India Shared Mobility Summit by World Auto Forum

India Shared Mobility Summit by World Auto Forum

India Shared Mobility Summit by World Auto Forum Fri, 13 Sept, 2019 New Delhi

#ISMS2019

Meet the Captains of the Industry, Change Agents & Innovators of Shared Mobility 

Participate in Innovation Contest. Get Noticed by Industry Captains. Win Prizes, Recognition & Fame

Driver Welfare and Wellbeing 

Security Standards of Connected Vehicles 

Safety @ Shared Mobility 

Data & Networks Security @ Shared Mobility 

 

The World is changing faster than we can perceive, respond and Adjust. It just took a cellphone with an internet connection and GPS for the Mobility and transportation to be disrupted and transformed.

Auto Industry in India is one of the fastest growing in the World. The Auto Cos & Dealers are seeing high Inventory. Industry is slowing down. Consumers are in no tearing hurry to buy or replace personal vehicles.

Personal Car + Personal Driver is no longer a viable Business Case. We might love it , we can shove it BUT  Shared Mobility is “IN” and is the undeniable truth. Its an inevitable trend, all set to explore to a different level.

 

DISCUSSION THEMES : Its time to Co-Create a Win-Win Shared Mobility Future

Who are the main stakeholders  ?

What are the new roles for Automotive COs ?

What is the role of AI, IoT & Blockchain at Shared Mobility ?

Secure Networks for Secure Shared Mobility

How would EVs lead the Shared Mobility Revolution ? 

Driver Welfare, Benefits, Health, Safety & Environment

Regulatory Bodies. Defining roles of Industry, Fleet Operators, Drivers Trade Unions & Govt

 

Who Should Attend ?

  • Fleet Operators 

  • Cab Aggregators 

  • Telematics Providers

  • IT Cos, Network Security & Solutions Providers

  • Automotive & Mobility Services Providers 

  • Policy Makers 

  • Auto Makers & Dealers 

  • GPS & Tracking Devices Makers

  • Fleet Management Service Providers, Software Makers 

  • Parts Manufacturers and Distributors 

#isms2019 – India Shared Mobility Summit , Fri 13 Sept 2019 , New Delhi

 

Past Powerful Summits by World Auto Forum

Many More Videos one can see at WAF TV 

Book Your Seats early to avoid Disappointment Later! 

Just 100 Seats in the Hall

Speakers & Participants can change their schedule due to their personal exigency which is beyond control of World Auto Forum. The Venue can change to suit convenience of Organisers, Participants and Speakers.

Detailed Terms & Conditions : http://bit.ly/ISMSbyWAF

 

For Sponsorship, Stall Booking, please contact : awards@waf.bz , 011-49057413 , 9810552425

The Auto World This Week

 


World Auto Forum connects the Auto Industry in 125 Countries. WAF gets you the important auto news of the week from India and round the world!

INDIA AUTO NEWS

 

Why carmakers are still betting on India.
Amid a steep slowdown in vehicle sales, three auto makers are looking to enter India. What is their game?

 

Maruti Suzuki Inaugurates 400th Arena Showroom
The 400th Maruti Suzuki Arena dealership has opened up in less than two years, with the new outlets spread across 278 cities and towns pan India.

 

Auto CMO Roundtable @ Digital by World Auto Forum. India’s Finest Auto CMOs. Book Now.

 

KENT RO forays into automotive security, launches KENT CamEye
With the ever increasing incidences of crime against women in driver driven cars, safeguarding the security of women and children, being driven around is of paramount importance
.

 

Sales volume of EVs important than subsidy for localisation of parts: Maruti MD Kenichi Ayukawa
Sales volume of electric vehicles is more important than subsidy for localisation of parts and the automobile industry

 

Panasonic launches electric vehicle charging service in Delhi-NCR
Japanese electronics giant Panasonic in partnership with electric mobility service providers SmartE and qQuick launched their electric vehicle….

 

Why the second-hand car market is seeing a boom
Even as new car sales have slowed down in the recent past, the pre-owned car market has continued to grow over the past year and is larger than the new car market now.



GLOBAL AUTO NEWS

 

Ford recalling 2.7 lakh cars in North America that could roll away
Ford Motor Co is recalling nearly 273,000 Ford Fusion and Ranger pickup trucks in North America that could roll away if the gear is not in “park” mode, the second largest U.S. automaker said on Wednesday.

How the promise of a $120 billion Uber IPO evaporated 
Last September, Uber’s top executives were pitched by some of Wall Street’s biggest banks, Morgan Stanley and Goldman Sachs. The bankers’ presentations calculated Uber’s valuation almost identically, hovering around one particular number: $120 billion.

 

Volvo introduces new service that tells you what to do after an accident.
Volvo just released a new mobile service designed to guide you through what to do after a car crash. It’s a simple bit of tech, but might prove helpful if you weren’t up to speed on what to do after a light brush up with another vehicle.

 

Hyundai and kia motors invest 80 million euros in rimac for development of high-performance electric vehicles
Rimac is a Croatian high-performance electric vehicle technology and sportscar company that has been in news for sometime now. 

 

Mercedes-Benz’s aggressive climate pledge: All cars will be carbon-neutral by 2039
Mercedes-Benz pledged on Monday to make its new passenger car fleet carbon-neutral within two decades, an ambitious goal built on electric vehicles and renewable energy.

 

How to Power Up the Right Customer Experience via Digital by Ram Seethepalli

 

Demystifying Blockchain for Automotive

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D-1/25 Ground Floor, Vasant Vihar
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2019 -20 India World Auto Forum Calendar

Sat Feb 16th, 2019 WAF MasterClass on M&A at Automotive

Sat April 27th, 2019 WAFit (3rd World Auto Forum on IT)

Fri, 12 July, 2019 – Auto CMO RoundTable @ Digital

Sat, 14 Sept, 2019 – I-SMS – India Shared Mobility Summit

Sat, 12 Oct 2019 – ALEN (2nd Meeting of Automotive Legal Experts Network)

Fri, 8 Nov 2019 – WAF Awards (7th World Auto Forum Awards for Auto Maker CXO’s)

Sat 14 Dec, 2019 – IVASS (5th India Vehicle After Sales Summit)

All Here : https://WorldAutoForum.com


 

Auto CMO Roundtable @ Digital by World Auto Forum | India’s Finest Auto CMOs

Auto CMO Roundtable @ Digital by World Auto Forum | India’s Finest Auto CMOs

  • We are getting India’s Finest Auto CMOs together in a hall for an interesting roundtable discussion on DIGITAL! 

  • We shall also felicitate them through a Digital Coffee Table Book.  

 Yes! The Automotive Industry is struggling for Growth. Is it the Onset of Shared Mobility, where overall demand dips, the consumer in NO Tearing Hurry to have a new set of wheels and where just a handful of Auto Makers benefit!

This is despite the 10 Year and 15 Year Vehicle Ban at NCR Delhi, the territory which has also seen the Most Auto Dealer Shut downs! Ironic ?

In the scenario, where Dealer Walk ins and Tele-Ins have come to a trickle, the Auto Makers, Dealers look more and more towards Digital, for not just Lead Gen but also Branding and Consumer Engagement!

Makes sense to put money where the consumer is present 24X7. In the era of being constantly connected at Home, office, Car, Mall, Loo, Parking lot.

We bring to you India’s First Auto CMO Roundtable on Digital! 

Its time to share the success stories, use cases, innovations around Digital which have won mindshare, heart-share  and Marketshare! So What are the Top 10 Digital Trends of Past, Present & Future! 

We shall also felicitate India’s Finest Auto CMOs through a Digital Coffee Table Book. 

 Come join us! It shall be well worth it! We are letting in 25 Delegates to connect and network with these Auto CMO rockstars! 

 Book your slot now, before its full!  :

Speakers & Participants can change their schedule due to their personal exigency which is beyond control of World Auto Forum. The Venue can change to suit convenience of Organisers, Participants and Speakers.

Detailed Terms & Conditionshttp://bit.ly/wafcmoME

Protection of Connected Vehicles & IIoT declared a National Priority | Urgent need to have a regulatory framework for Blockchain.

Protection of Connected Vehicles & IIoT declared a National Priority | Urgent need to have a regulatory framework for Blockchain.

URGENT PRESS RELEASE

 

New Delhi | April 30, 2019 | https://WorldAutoForum.com

 

 World Auto Forum partners NASSCOM, FICCI & A.T. Kearney to successfully hold world’s first ever automotive program on AI, IoT and Blockchain technologies, WAFit 2019.

 

  • Protection of Connected Vehicles and Industry IoT declared a National Priority

  • Urgent need to have a regulatory framework for legal enterprise applications of Blockchain.

Continue reading “Protection of Connected Vehicles & IIoT declared a National Priority | Urgent need to have a regulatory framework for Blockchain.”

NASSCOM, FICCI & A.T. Kearney partner World Auto Forum to create History and a Win-Win Future!

NASSCOM, FICCI & A.T. Kearney partner World Auto Forum to create History and a Win-Win Future!

April 26, 2019

URGENT PRESS RELEASE

NASSCOM, FICCI & A.T. Kearney join hands with World Auto Forum to present the world’s first ever automotive program on AI, IoT and Blockchain technology

 

New Delhi: We all have been hearing about AI-Artificial Intelligence that it is the next big thing that will revolutionize the world just like the internet. The day is not too far when our cars will be powered by AI and it’s going to happen within the next 5 years! To discuss and to co-create a win-win and responsible automotive ecosystem powered by these emerging technologies, NASSCOM – Centre of Excellence -IoT, FICCI & A.T. Kearney have joined hands with ‘World Auto Forum’ to present the worlds first ever automotive program on AI, IoT & Blockchain – 3rd edition of WAFit -World Auto Forum on IT that will take place at Holiday Inn Aerocity, New Delhi on Sat 27th April 2019.

Continue reading “NASSCOM, FICCI & A.T. Kearney partner World Auto Forum to create History and a Win-Win Future!”

How Connected Vehicles can help us halve Vehicular Air Pollution & Road Accidents in an Year!

How Connected Vehicles can help us halve Vehicular Air Pollution & Road Accidents in an Year!

by Anuj Guglani, CEO , World Auto Forum
  • Roughly 1.2 Million People died in 2017 due to Air Pollution in India. Top 10 Most Polluted Cities in the World are in North India, as per WHO Report

  • Around 1.5 Lakh People die due to road accidents each year at India. That’s like a Jumbo Jet crashing everyday!

  • Do we need to say Air Pollution and Road Safety are a National Priority or rather an EMERGENCY

  • Lets see how Connected Vehicles can help clear the Air and also Prevent Road Deaths

Yes! It’s raining Connected Cars in India. MG & Hyundai showcased their Connected Car Tech recently, each claiming to be the Pioneer!

Continue reading “How Connected Vehicles can help us halve Vehicular Air Pollution & Road Accidents in an Year!”

India’s first MasterClass on M&A at Automotive is a BIG SUCCESS!

India’s first MasterClass on M&A at Automotive is a BIG SUCCESS!

View WAF MasterClass Pics here : http://bit.ly/WAFMAPicsFB

 

WAF MasterClass encompassed :

I.    4 Power Key Notes by the Best M&A Pros 

II.  Case Studies Based Simulation Group Presentations

III. Panel Discussion & Debriefing All day Learnings 

iV.  Distribution of Certificates & Valedictory Ceremony 

 

World Auto Forum is the Global Think Tank with members, fans, Followers in 125 Countries.

Last Week we organised India’s First MasterClass on M&A at Automotive.

20 Top  Auto CXOs, with Top M&A PROs of  India came together for the WAF MasterClass.

Continue reading “India’s first MasterClass on M&A at Automotive is a BIG SUCCESS!”

Vision 2030 : The Future of Auto Retail 

Vision 2030 : The Future of Auto Retail 

Your Automotive Business depends on just 3 Things :

1. Your Dealership Culture

2. Your Product’s Reliability & COO

3. Your Digital Strategy & FootPrint

 

by Anuj Guglani, CEO World Auto Forum

 

“I’m so sorry Ma’am”, cried the Fuel station Attendant. “I have accidentally fuelled your Diesel Car with Petrol!”

This happened with my Wife last month during a routine visit at the “Petrol Pump”. Seems the guy took it literally! She immediately called me. The first thing I asked her, “How much Petrol went in?” Thankfully the petrol fed, was just a litre. Not much of a worry. I asked her to wait for a while and get the vehicle tanked up with diesel. It was all fine.

However it wasn’t this easy. I too was a bit taken aback and wanted professional help & ratification of my actions. I called up the dealership. Noone picked up. Then I remembered I had the CRE no saved from last service reminder. We all know how many service reminder calls we get! The calls continue even after we have sold the car! The CRE took the call in first ring. I shared the incident. She was shocked and wanted to help.

I could sense she was running around her office, looking for the right person to guide me. She said, “Sir I shall make you speak to my manager.” thereafter I heard a middle aged male’s voice, sounding very busy. “Bataye, kya Hua?” he asked. I narrated the incident. He snubbed me mid way, asking, “Apko mera no kisne diya? Yeh mera kaam nahin hai!”

I didnt feel like wasting my breath in explaining that your CRE thought you are capable to help the customer, sadly you aren’t. I thought I shouldn’t waste time in saying,”You don’t even realise you are saying all these things to a customer in distress, who pays for your bills, Your kids school fees, your parents medicines, your movie tickets and your vacations. And that, this call wasn’t transferred. The CRE handed over her handphone to you to speak. Probably you just rattled out a standard line, which you say to most customers who need your help!

Continue reading “Vision 2030 : The Future of Auto Retail “

HIGHLIGHTS OF BUDGET 2019

HIGHLIGHTS OF BUDGET 2019

Powered by My Rupee to Invest – Your Trusted Investment Guru

Tax

1. Within 2 years, Tax assessment will be done electronically

2. IT returns processing in just 24 hours

3. Minimum 14% revenue of GST to states by Central Govt.

4. Custom duty has abolished from 36 Capital Goods

5. Recommendations to GST council for reducing GST rates for home buyers

6. Full Tax rebate upto 5 lakh annual income after all deductions.

7. Standard deduction has increase from 40000 to 50000

8. Exempt on tax on second self-occupied house

9. Ceiling Limit of TDS u/s 194A has increased from 10000 to 40000

10. Ceiling Limit of TDS u/s 194I has increased from 180000 to 240000

11. Capital tax Benefit u/s 54 has increased from investment in one residential house to two residential houses.

12. Benefit u/s 80IB has increased to one more year i.e. 2020

13. Benefit has given to unsold inventory has increased to one year to two years.

Continue reading “HIGHLIGHTS OF BUDGET 2019”

Anuj Guglani CEO World Auto Forum gives Keynote at CEOs Meet at Amity University

Anuj Guglani CEO World Auto Forum gives Keynote at CEOs Meet at Amity University

Anuj Guglani CEO World Auto Forum gave a keynote address on Future of Work, Tech & Augmented Intelligence during “The CEOs Meet” Organised by Amity University, Greater Noida

It was received well by the Faculty and Students!

He mentioned , he returns with lots of new ideas to action. He was delightfully impressed with the energy and enthusiasm of fellow CEOs, Faculty and Students

A few moments :

Continue reading “Anuj Guglani CEO World Auto Forum gives Keynote at CEOs Meet at Amity University”

WAF MasterClass on M&A for Automotive

WAF MasterClass on M&A for Automotive

World Auto Forum now connects the Auto Industry in 125 Countries!

 Why a Masterclass on M&A for Automotive ?

Last Year, India overtook Germany to become the Fourth Largest Auto market in the World.

In 2020 India shall be the third Largest , just behind US & China after overtaking Japan.

Automotive Industry in India contributes 8% of GDP & 49% of Manufacturing GDP.

20 Million Jobs are in the Indian Economy due to Automotive : Direct and Indirect.

Automotive is the Number One thrust Area for Make In India Initiative by Niti Aayog, Govt of India

The Entire World is looking at India for the Global Automotive Industry Growth

 There are Innovators working on Cutting Edge Tech and there are Established Big Companies looking at acquiring the right tech, the right teams. There are similar size Co’s looking at mergers for Win-Win.

So we are all set to do a WAF MasterClass on M&A for Automotive!

Learn from the Top M&A Professionals, Top Lawyers, Top Deal Makers, 

Former & Present Auto CXOsThe Very Best in M&A for Automotive. 

This shall be PRICELESS 

Contents

1. The Art of an M&A Deal Negotiation -Live Examples not just theory

  • A Thought Through Strategy is Half Battle Won – How’s & Why’s 
  • Sensing, Absorbing and Processing the Latent Needs, Key Motives of Negotiation Parties
  • Different Styles & Techniques of Negotiation
  • How to Regain lost ground
  • How to engage all Stakeholders
  • Things unique to Automotive Industry

2. How to Structure a Win-Win M&A Deal in Automotive

 

  • Collaboration is the Next Frontier for Auto Industry
    • What should be the Basic premise of any Collaboration?
    • Why setting up International Collaborations takes time in India ?
    • How to be find creative and innovative Solutions ?
    • How to write simple yet effective commercial Term-Sheet with respectable exit?
    • Dos and Don’ts of any collaboration, negotiation & documentation.
    • Precision in Legal Due Diligence – Need of the Hour

3. How to Make Tax Consideration in M&A Deals Less Taxing

  • How to prevent Tax from spoiling the Party – Special focus on Automotive
  • Cross Border M&A Deals – Whose Jurisdiction is it Anyways?  – Automotive Case Studies
  • Regulatory Landscape  – India and Global – How it can affect your Deal – Caveats & Learnings
  • Capital Gain Tax – Timing & Valuation
  • Having an eye for Vexatious Tax Issues & Endless Tax Disputes

4. How to Steer Past Legal Issues and have a Stellar M&A Deal Documentation Process

  • The Regular Stuff and the Irregular one – How this can be a Headache if not done right
  • Kabhi Haan, Kabhi Naa – Merger & Demergers – Recursions, Opportunities – Ref to Automotive
  • Key consideration in M&A Deal Documentation – Special focus for Auto Suppliers & OEM’s
  • Issues faced by listed companies (SEBI Takeover Code)

Speakers & Panelists  : 

Manjaree Chowdhary – General Counsel – Maruti Suzuki India

S Ramaswamy – Managing Partner, Medha Advisors

Bhupinder Singh – CEO Sunbeam Auto

Dr Akhil Prasad – Country Counsel Boeing India

Dr Sanjeev Gemawat – Executive Director & Group Company Secretary – Dalmia Group

Anupam Sanghi – Senior Competition and Commercial Law Expert, Advaita Legal

Nitin Potdar – M&A Partner – J Sagar Associates

Avneesh Chopra – GM – Legal Ford India

Manish Kaul – CEO Soo Legal

Nikhil Goenka Director PwC

Anuj Guglani – CEO – World Auto Forum

 

AGENDA

09:30 AM to 10 AM – Registration & Tea / Coffee

10 AM to 10:15 AM – Welcome by Anuj Guglani CEO World Auto Forum

10:15 AM to 10 :45 AM – Key Note 1 : The Art of an M&A Deal Negotiation -Live Examples not Just Theory by Bhupinder Singh CEO Sunbeam Auto

10:45 AM to 11 :15 AM – Key Note 2 : How to Structure a Win-Win M&A Deal in Automotive by Nitin Potdar M&A Partner J Sagar Associates

11:15 AM to 11 :30 AM – Q&A for Keynotes 1 & 2

11:30 AM – 11:45 AM – Networking Tea & Coffee Break

11:45 AM to 12:15 PM – Key Note 3: How to Make Tax Consideration in M&A Deals Less Taxing By Nikhil Goenka,  Director PwC

12:15 PM to 12:45 PM – Keynote 4 : How to Steer Past Legal Issues and have a Stellar M&A Deal Documentation Process by Anupam Sanghi Senior Lawyer Advaita Legal

12:45 PM to 1PM – Q&A for Keynotes 3 & 4

1 PM – 1:45 PM – Networking Lunch

1:45 PM – 2:00 PM – Partner Key Note : Manish Kaul – CEO SoO Legal

2 PM to 3:30 PM – Simulation Exercise , Case Study Based Interactive Group Activity – Apply what you Learnt!

3:30 PM – 4:30 PM – Panel Discussion on Tenets of a Smooth, Win-Win, Successful & Sustainable M&A. Special Focus on Automotive

Dr Akhil Prasad – Country Counsel – Boeing India

Anupam Sanghi – Senior Lawyer – Advaita Legal

Dr Sanjeev Gemawat – ED and Group GC – Dalmia Group

Manjaree Chowdhary – GC – Maruti Suzuki India

Nitin Potdar – M&A Partner – J Sagar Associates

S Ramaswamy – Managing Partner – Medha Advisors

Avneesh Chopra – GM – Legal – Ford India

Anuj Guglani – CEO World Auto Forum – Moderator

4:30 PM – 4:45 PM – Distribution of Certificates & Vote of Thanks

4:45 PM – 5:00 PM – Networking Tea & Coffee Session

 

Last Few Seats Left. Book now at the Bottom of this page, takes just a Minute!

 

Final Agenda shall be published on Fri 15th Feb 2018, 20:00 Hours at WorldAutoForum.com/ma

World Auto forum has been creating Win Win Avenues for the Global Auto Industry last 10 Years.

Don’t Miss! Book Now!   

 Past WAF Programs can be watched at WAF TV 

https://worldautoforum.com/waf-tv/

We shall take just 25 People in the Hall for this Unique Journey to learn how to create limitless wealth for all Stakeholders!

Don’t Miss! Book Now!  

Ticket Cancellation Charge to be levied  :

Between 30 to 45 Days of Summit : 10% ticket Amount

Between 30 days to 20 days : 50% Ticket Amount

Less than 20 days to Summit : 100% Ticket Amount

Speakers can change their schedule due to their personal exigency which is beyond control of World Auto Forum. The Venue can change to suit convenience of Organisers, Participants and Speakers. World Auto Forum’s liability not beyond refund of ticket amount if program cancelled or postponed due to any reason beyond control of World Auto Forum.

Detailed Terms & Conditions : http://bit.ly/WAFMAME

4th IVASS – India Vehicle After Sales Summit – Important & Radical Developments get Announced for the Industry

4th IVASS – India Vehicle After Sales Summit – Important & Radical Developments get Announced for the Industry

 

PRESS RELEASE by WORLD AUTO FORUM                                11 Dec 2018, New Delhi

 

Auto OEM’s, Dealers, Suppliers, Aftermarket, Parts Co’s & Service Providers come together for 4th IVASS – India Vehicle After Sales Summit by World Auto Forum to Co-Create a Win-Win future. A Safer, Greener and a Highly Skilled EcoSystem.

 

Three Industry Stalwarts inducted in the Global Automotive Hall of Fame at World Auto Forum.

 

Industry Stakeholders announce a Special Task Force for Skill Development of roadside Mechanics and Technicians at 4th IVASS

Continue reading “4th IVASS – India Vehicle After Sales Summit – Important & Radical Developments get Announced for the Industry”

Awards Ceremony for 6th WAF Awards for Best Auto Maker CXO’s held

Awards Ceremony for 6th WAF Awards for Best Auto Maker CXO’s held

26th October 2018 | New Delhi | Press release by World Auto Forum |

6th World Auto Forum (WAF) Awards 2018 for Auto Maker CXOs held on Friday, 26th October 2018 at New Delhi

Pictures from the Awards ceremonyhttp://bit.ly/wafawards18pics

Ceremony Videos at WAF TV : https://worldautoforum.com/waf-tv

Main WAF Awards Site : https://worldautoforum.com/awards

Continue reading “Awards Ceremony for 6th WAF Awards for Best Auto Maker CXO’s held”

GST Dealer can claim Input Tax Credit on Demo Cars: AAR

GST Dealer can claim Input Tax Credit on Demo Cars: AAR

 

The Authority for Advance Ruling ( AAR ), Kerala has ruled that Input tax paid by a vehicle dealer on the purchase of motor car used for demonstration purpose of the customer can be availed as input tax credit on capital goods and set off against output tax payable under the Goods and Services Tax ( GST ) regime. In the instant case, the applicant, A M Motors, uses cars for demonstration purpose for the prospective customer and after a specific period of time, they are sold off for the book value, paying the applicable taxes at that point of time. Before the AAR, the applicants sought for a clarification that Whether input tax credit on the motor car purchased for demonstration purpose of the customer can be availed as credit on capital goods and set off against output tax payable under GST in the case of a motor car dealer.

The authority noted that the demo car is an indispensable tool for the promotion of sales by providing trial run to customers and to understand the features of the vehicle. “The applicant capitalized the purchase in the books of accounts, The capital goods which are used in the course or furtherance of business, is entitled for input tax credit. As the impugned purchase of demo car is in furtherance of business, the applicant is eligible for input tax credit. Furthermore, this activity does not come under the negative clause, as after a limited period of use as demo car, the vehicles are sold at the written down book value.” It was observed that the availability of input tax credit shall be subject to the provisions of Section 18(6) of the GST Act. In the case of supply of capital goods on which input tax credit has been taken, the registered person shall pay an amount equal to the input tax credit taken on the said capital goods reduced by such percentage points as may be prescribed or the tax on the transaction value of such capital goods determined as value of taxable supply, whichever is higher, it said.

Read more at: http://www.taxscan.in/gst-input-tax-credit-demo-cars-aar/29336/

World Auto Forum Creates History with ALEN – Automotive Legal Experts Network at India for the World!

World Auto Forum Creates History with ALEN – Automotive Legal Experts Network at India for the World!

World’s Very FIRST  Automotive Legal Experts Network at India for the World!

Prof Rajiv Khanna Former Dean Faculty of Law, University of Delhi and Mr S Ramaswamy, Medha Advisors, Former Group GC Honda Cars & Escorts Ltd inducted in International Legal Hall of Fame at World Auto Forum

Who is Liable when an Autonomous Vehicle crashes ? What is our readiness to counter Cyber Attacks ? What are the safety and Environment compliances for EV’s ? What are the Legal implications of AI and Machine Learning ? How do we empower our Supply Chains with Smart Contracts powered by Blockchain ? Do we have clarity on New Safety rules ? How would BS-6 Norms impact us ?

Its time to have an AUTOMOTIVE LEGAL DISCUSSION !

Continue reading “World Auto Forum Creates History with ALEN – Automotive Legal Experts Network at India for the World!”

India Action Plan decided at 2nd Meeting of Hybrid & EV Expert Network

India Action Plan decided at 2nd Meeting of Hybrid & EV Expert Network

20th Sept  2018 | New Delhi                   

 

PRESS RELEASE from WORLD AUTO FORUM

 

EV Makers, Auto OEM’s, Dealer Principals, Industry veterans, IP Firms, IT Companies and above all EV Innovators come together for HEVEN – Hybrid & EV Expert Network by World Auto Forum

 

The second meeting of HEVEN  – Hybrid & EV Expert Network by World Auto Forum was held recently at New Delhi. It was well attended by MD’s & CEO’s of EV Makers, functional Heads from Auto OEM’s, Auto Dealer Principals, Industry veterans, IP Firms, IT Companies and above all EV Innovators!

Organised by World Auto Forum, an organization that connects Auto industry across 125 countries.

Anuj Guglani, CEO, World Auto Forum gave the welcome Keynote and moderated all three HEVEN Expert Panels. He shared the importance of reducing dependency on Fossil Fuels for Electricity Generation & managing end to end battery Lifecycle. He spoke of a low Carbon Society, where each company gets a green rating based on their carbon footprint. The Company’s Consumers earn redeemable green credits on buying the company’s products or availing its services based on the company’s green rating. He mentioned that a Low Carbon world is tech and fuel agnostic. The EV’s, BS6, Fuel Cell EV, Plug in hybrids EV all being means to the end. Continue reading “India Action Plan decided at 2nd Meeting of Hybrid & EV Expert Network”

Indian Automobile Industry Poised to take the World stage

Indian Automobile Industry Poised to take the World stage

Indian Automobile Industry Poised to take the World stage

Front page of ET,  Saturday September 1, 2018 carries the Headline “ With 8.2% Growth, Economy begins FY19 on a High Note”. Positive news indeed which should bring cheer to all. A more detailed probing of the news reveals that the Indian Economy grew at its fastest in 2 years and was propelled by double digit growth in manufacturing at 13.5%. From a 7.7% GDP in FY-16 Q1 to 8.2%in FY-19 Q1 this is a sign that all longed for namely “ Acche Din round the Corner”. It is heartening that India’s growth for the quarter is well above that of China and seems we are maintaining our status as the World’s Fastest Growing Economy.

Given the above I am compelled to go on a nostalgic trip down memory lane and bring out some statistics of how modestly we started and are now as front runners:

1897- The first car that plied on Indian roads.

1901-The first Indian to own a car in 1901 was Jamshedji Tata.

1930’s- India was an Importer

1940’s India started manufacturing

1942, Hindustan Motors manufactured the first automobile in India before independence.

1952-The automobile sector formally came into being when the Government appointed its first tariff commission with the aim of indigenizing this industry. Introduction of passenger cars in the country

1950’s to 1960’s saw trade restrictions which hampered the growth of the Automobile Industry.

Continue reading “Indian Automobile Industry Poised to take the World stage”

3rd IVSMS – India Vehicle Sales & Marketing Summit
First Hybrid & Electric Vehicles Expert Network held at New Delhi.

First Hybrid & Electric Vehicles Expert Network held at New Delhi.

New Delhi, Oct 27, 2017 

First Hybrid & Electric Vehicles Expert Network held at New Delhi.

Environment Protection, Development of EV EcoSystem & Consumer Adoption Key Priorities

World Auto Forum to release Action Document on Hybrids & EV’s in partnership with Globally Renowned research firm Markets and Markets

World Auto Forum connects Auto Industry in 125 Countries. Recently it organised HEVEN – Hybrid & EV Expert Network at Hotel Hyatt Regency, New Delhi

It was well attended by Policy Makers from Niti Aayog, State govt Representatives, Senior Auto Industry Leaders, Suppliers, Designers, Tech Innovators and Academia

World Auto Forum thanks its Annual Partners for making #HEVEN17 happen. Gallops Motors, India’s Leading Auto Retailer provides class leading Customer experience. Auto ji is the leader in Auto Spare Parts Business. They have mastered cutting edge technology and processes in Supply Chain, E Commerce & Warehousing Innovations. Both working with leading Auto OEM’s in the country. MotorUncle.com is the online destination for Confused Car Buyer and Hassled Car Service Consumer. In a short time, it has served several customers pan India and created happy moments with their cars.

During the Welcome Address, Anuj Guglani, CEO World Auto Forum mentioned, “The Electric Continue reading “First Hybrid & Electric Vehicles Expert Network held at New Delhi.”

5th World Auto Forum (WAF) Awards for Auto Maker CXO’s Glittering Ceremony

5th World Auto Forum (WAF) Awards for Auto Maker CXO’s Glittering Ceremony

New Delhi – Nov 17, 2017

5th World Auto Forum (WAF) Awards for Auto Maker CXO’s. Ceremony held

• An award based on the Unique, Tested, Tried & Proven Quadruple Elimination Process that recognises Winning People behind the Winning Cars, Bikes & Trucks!

New Delhi – Nov 17, 2017 – 5th World Auto Forum Awards for Auto Maker CXO’s shall be held today.  These prestigious awards are powered by the Unique Quadruple Elimination Process: 1. Selection Parameters finalised by CXO’s from the Auto Makers. 2. Exhaustive research by young researchers from IIT Delhi 3. Multiple Jury Rounds  4. Reference Checks.

This year the selection was made from a total of 40 Auto Makers in India and their 248 CXO’s. The WAF Award truly celebrates the Authentic Winning Performance of CXO’s / Functional Heads amongst the Auto Makers. The awards are in the categories of CV Makers, Two Wheeler Makers, Passenger Vehicle Makers, Best Innovation, Luxury 2 Wheeler and Luxury PV Makers.

Our Hon’ble Jury Members for 2017 World Auto Forum Awards:

Continue reading “5th World Auto Forum (WAF) Awards for Auto Maker CXO’s Glittering Ceremony”

Press Release : 3rd IVASS – India Vehicle After Sales Summit is a FULL HOUSE !

Press Release : 3rd IVASS – India Vehicle After Sales Summit is a FULL HOUSE !

PRESS RELEASE World Auto Forum 9 December 2017 New Delhi

3rd IVASS – India Vehicle After Sales Summit is a FULL HOUSE!

Another Awesome Summit by World Auto Forum

 

World Auto Forum connects Auto Suppliers, Auto Makers and Auto Dealers in 125 Countries.

If it’s the Second Sat of Dec and you have the Auto OEM’s After Sales & Parts Heads, their teams, Auto Dealers and Service & Workshop Equipment makers, Innovators, CRM Experts, AR/VR Evangelists in a hall for a day, It has to be the IVASS Day!

World Auto forum which connects the auto Industry worldwide. It has been organising the IVASS – India Vehicle After Sales Summit. Running in its third year, the response from the Vehicle After Sales eco System has only been growing year after Year.

Continue reading “Press Release : 3rd IVASS – India Vehicle After Sales Summit is a FULL HOUSE !”

Why are Elon Musk & his investors losing Sleep due to an Indian Automotive / Tractor Co ?

Why are Elon Musk & his investors losing Sleep due to an Indian Automotive / Tractor Co ?

It was a regular review call with investors for Elon Musk earlier this month. Musk goes all guns blazing with them and Tesla stock pays for it. A loss of US$ 2 Billion in share value in a day. Why are Elon and his investors at loggerheads?

As per Bloomberg, “Tesla ended 2017 with $3.4 billion in cash on hand and $9.4 billion in outstanding debt, a testament to Musk’s borrowing prowess”. The Flagship & most expensive Model S accounts for more than half the total Company revenue last year. And this year the model 3 becomes the Best Selling electric car in the US. Now that’s one Extreme Product Portfolio Shift!

Continue reading “Why are Elon Musk & his investors losing Sleep due to an Indian Automotive / Tractor Co ?”

Press Release 2018 WAFit! World Auto Forum on IT

Press Release 2018 WAFit! World Auto Forum on IT

19th March 2018 | Delhi | #WAFit ! |

World Auto Forum on Information Technology [WAFit! 2018]  buzzed with great ideas and extensive debates on Artificial intelligence, Augmented reality, Virtual reality, Machine learning, Cloud and Cyber security

World Auto Forum on Information Technology [WAFit! 2018] held in Delhi on 16th of March 2018 at Radisson Blu Plaza, Delhi Airport came to conclusion amidst great ideas and extensive debates.

Presented by World Auto Forum that connects the Auto industry across 125 countries, this day-long event brought together industry veterans, industry experts, new-age entrepreneurs and professionals from across the spectrum, representing emerging technologies that will be impacting Automotive sector in a major way in the years to come.

Artificial intelligence, Augmented reality, Virtual reality, Machine learning, Cloud and Cyber security were some of the topics that were warmly discussed and some of them, hotly debated! It was this interesting mix of divergent opinions and different perspectives that made WAFit! 2018, an exciting blend of Technological innovations at play and Auto industry’s readiness to adapt to this changing environment.

Continue reading “Press Release 2018 WAFit! World Auto Forum on IT”

WAF Auto Expo contest 2018 – Results Announced!

WAF Auto Expo contest 2018 – Results Announced!

The World Auto Forum has been at the forefront in connecting Auto dealers, Auto suppliers and Auto makers from over 125 countries. We are the unbiased voice of the global auto industry. All our awards and summits strive to bring on board, the best talent, the best minds and the best ideas from the global auto industry.

From RIGHT : Anand Mahindra Chairman Mahindra Group, Anuj Guglani CEO World Auto Forum , Anshuman Asthana CEO AutoTurff

Continue reading “WAF Auto Expo contest 2018 – Results Announced!”

Peugeot India – No More U-Turns Please !

Peugeot India – No More U-Turns Please !

“Pardesi Pardesi Jaana Nahin” – is the song which conjured in my mind when I heard last year that Peugeot is all set for its nth Re-entry Entry in the India Car Market.

Peugeot is the Mega French Auto Brand owned by the Group PSA which also owns Citroen, DS Automobiles and now of course Vauxhall, Opel, and the erstwhile GM Jewels!

Undoubtedly Peugeot makes some of the finest cars on the Planet. Great machines, outstanding French design and Cockpit Style interiors!

2 U-Turns and a Re-Entry Continue reading “Peugeot India – No More U-Turns Please !”