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Friday, Sep 05, 2003

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Auto dealers launch credit card

Our Bureau

New Delhi , Sept. 4

THE Federation of Automobile Dealers Association (FADA) has launched a credit card in association with ICICI for vendors to dealers and opened a business-to-business (B2B) section in its Web site.

FADA officials said here that majors vendors of spare parts, paints tyres etc. would be short listed for payment through the credit card. The vendors will get immediate payment for supplies at a nominal service charge levied by the bank.

The B2B section in the FADA Web site would provide details of excess stock with each dealers and those who require spares can see the availability of such parts with their fellow dealers and the discount at which the parts are available.

FADA also announced the appointment of Mr Deshnidhi Kasliwal as its new President.

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