Business Daily from THE HINDU group of publications
Sunday, Sep 23, 2007
ePaper
Business Daily from THE HINDU group of publications Sunday, Sep 23, 2007 ePaper |
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Industry & Economy
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Automobiles Marketing - Channels and Franchises Money & Banking - Consumer Finance Enable registration at showrooms, say auto assns Our Bureau Chennai, Sept. 22 The Federation of Automotive Dealers Associations (FADA) and the Motor Vehicles & Allied Industries Association (MV&VIA) have reiterated a plea for allowing vehicles to be registered at dealers’ showrooms. The plea was made to the Tamil Nadu Transport Commissioner, Mr C.P. Singh, during an Open House session organised by the two organisations. The President of FADA, Mr Binod Agarwal, raised the issue before Mr Singh commenced his address. “Please give a representation. We will look into it,” Mr Singh said. When it was pointed out that MV&VIA had already submitted more than one representation on the subject, Mr Singh said that he was “not aware” of them. It was said that on-the-spot registration of vehicles was allowed in Maharashtra, Rajasthan and New Delhi. A participant (a car dealer from New Delhi) said that anybody who wanted to buy a car from a showroom could choose the vehicle, get the registration number and other documents right there and drive the car home. In other States, the vehicles have to be driven to the RTO offices where, usually after a long wait and transaction costs, the customer gets the vehicle registered. In Chennai alone, some 350 cars are sold every day, all of which have to be driven to the RTOs and back to buyers’ residence, adding to the load on the roads. Mr Singh said, “In a lighter vein, I can say that this creates a lot of employment.” Asked why the Government could not allow at-showroom registration, Mr Singh said that the Government would look into the issue. Earlier, Mr R. Thiagarajan, Chairman of the Shriram Group of companies, said that the trucking industry needed Rs 1.5 lakh crore additionally to upgrade to vehicles of lower age and for working capital. But only about Rs 15,000 crore was available. “The trucking industry is woefully undercapitalised.” Observing that in India, banks by law monopolised access to public savings, Mr Thiagarajan said that banks were too large to be funding the small funding requirements of the small truck operator. More Stories on : Automobiles | Channels and Franchises | Consumer Finance
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