Urged FinMin to restore dealer funding: FADA
  • WebDesk BTVI
  • Aug 08 2019

The FADA, in a meeting with Finance Minister Nirmala Sitharaman, has urged the ministry to ensure that the liquidity surplus continues for a longer duration. The auto dealers’ body has also urged the ministry to restore confidence in banks in terms of retail loans as well as dealer funding. The FADA said about 286 dealerships have shut shop till March so far, and added that the government is concerned with the slowdown.