Reinforcing a shared commitment to building a stronger, more transparent automotive ecosystem, Spinny, India’s leading full-stack used car platform, partners with the Federation of Automobile Dealers Associations (FADA) for the 5th Finance & Insurance Summit 2026 in Mumbai. Building on a growing collaboration across FADA’s flagship platforms—including the Auto Retail Conclave and the Vyapar forums—the summit marks another milestone in the partnership between Spinny and FADA. Together, the two organisations continue to create platforms for meaningful dialogue, knowledge sharing and innovation, bringing together dealers, financial institutions, insurers, OEMs and technology partners to address the evolving needs of India’s automotive retail ecosystem. Held at Aurika, Mumbai Skycity, the summit is attended by Dr. Pankaj Kanchan Rajesh Bhoyar, Minister of State for Home (Rural), Maharashtra, alongside senior leaders from banking, finance, insurance, OEMs and the automobile dealer fraternity. The discussions focus on the three critical pillars underpinning dealership growth and customer mobility—Wholesale Finance, Retail Finance and Insurance—while exploring opportunities to strengthen financing accessibility, improve operational efficiency, enhance customer protection and build a more resilient automotive finance ecosystem.
A key highlight of the summit is the launch of the 3rd edition of the FADA Dealer Satisfaction Study for Finance & Insurance, based on insights from more than 700 dealerships across India. The study reflects improving satisfaction across wholesale finance, retail finance and insurance while identifying opportunities to strengthen dealer training, expand funding for the growing used-vehicle market, improve reconciliation processes and accelerate insurance claims settlement. The partnership between Spinny and FADA continues to evolve beyond industry dialogue into driving meaningful transformation across India’s automotive ecosystem. Building on collaborations across FADA’s flagship platforms, Spinny continues to support conversations that advance transparency, operational excellence and innovation across automotive retail. As part of this collaboration, Spinny has introduced technology-led initiatives such as Spinny Circle, enabling dealerships to digitise vehicle exchange, simplify inspections and valuations, improve liquidation of exchange inventory and unlock healthier working capital. These initiatives complement the industry’s broader efforts to create a more organised, efficient and customercentric automotive ecosystem.Serving over one lakh car transactions annually, Spinny has built deep capabilities across sourcing, quality control, pricing intelligence and customer experience.
Today, its nationwide network spans 57+ Car Hubs, 17 Spinny Parks, nearly 10,000 parking bays, and operations across 80+ cities, supported by Integrated Restoration Centres (IRCs) that carry out rigorous multi-point inspections and structured refurbishment to deliver consistent quality. Together, these capabilities support one of India’s largest organised used-car retail networks and enable Spinny to contribute meaningful operational expertise to the wider dealer ecosystem. Through its continued partnership with FADA, Spinny is working to extend these learnings and capabilities to create a more transparent, technology-enabled and seamless exchange ecosystem for dealers and customers alike. Commenting on the partnership, Gurveen Bedi, Senior Vice President, Spinny, said: “India’s automotive ecosystem is evolving rapidly, making collaboration across financing, insurance, vehicle exchange and technology more important than ever. Through our continued partnership with FADA, we are bringing together every stakeholder across the value chain to foster meaningful dialogue, encourage innovation and address shared industry challenges.
As organised used-car retail continues to grow, trusted partnerships and technology-led solutions will play an increasingly important role in building a more transparent, efficient and future-ready automotive ecosystem that creates long-term value for dealers, financial institutions and customers alike.” Delivering the Presidential Address, Mr. C. S. Vigneshwar, President, FADA, emphasised the interdependence of dealers and their financial partners in sustaining the automotive retail ecosystem. “If an automobile dealership were a human body, the OEM is our heart, pumping the product lifeblood. Wholesale finance is the bloodstream—the working capital that must flow freely to keep the body energetic. Retail finance is our legs, allowing the customer to walk out with a vehicle, while insurance is our immune system, protecting us when the unexpected occurs. The dealer is the face the customer trusts, but you cannot have a healthy face on an unhealthy body.
It takes all four of us—the OEM, the financier, the insurer and the dealer—working in a perfect relay to keep the customer.” Mr. Vigneshwar also encouraged dealers to adopt two critical practices for long-term success—monthly reconciliation of payouts and commissions, and continuous investment in Finance & Insurance capability building—highlighting that F&I has evolved into a core pillar of dealership profitability. The summit concludes with the F&I Awards, recognising partners that demonstrate excellence across finance and insurance through outstanding disbursements, policy issuance and claims turnaround, reinforcing the industry’s collective commitment to raising service standards across automotive retail.As India’s automotive landscape continues to evolve, Spinny and FADA remain committed to strengthening their partnership through initiatives that encourage industry-wide collaboration, technology adoption and operational excellence. Together, the organisations continue to support the development of a more organised, transparent and future-ready automotive ecosystem that creates long-term value for dealers, financial institutions, OEMs and customers alike.
