Vision 2030 : The Future of Auto Retail 

Vision 2030 : The Future of Auto Retail 

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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

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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

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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

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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 CXOs– The 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

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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

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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 ceremony : http://bit.ly/wafawards18pics

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

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

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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!

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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

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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

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Indian Automobile Industry Poised to take the World stage

front page 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.

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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

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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 !

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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 ?

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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

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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!

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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 !

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“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 !”