The third week of lockdown is going on in India at this time. In the wake of the Kovid-19 epidemic, Honda Motorcycle & Scooter India Private Limited has announced to support its Sales and Service Business Partners across the country. Kovid-19 has had the worst impact on dealer partners. Earlier, the industry had been suffering from recession for almost 16 months. Some of the measures Honda has taken to support its dealers during this difficult time are upfront payment of incentives and reimbursements in functions (sales, service and spare parts).
For your information, let us tell you that some dealers of Honda, mainly Delhi-NCR dealers, buy back unsold BS4 inventory and fully bear the interest cost of BS6 inventory (physical and transit) during 21 days lockdown. .
Yadwinder Singh Guleria, Director-Sales & Marketing, Honda Motorcycle & Scooter India Pvt Ltd, said, "In this challenging time, Honda 2 Wheelers India has extended a hand to provide financial support to its dealers. With this collaboration Our Dealer Partners will get instant liquidity. We are confident that this will help in cash flow and continuity of business. Improvements will, on the other hand they stress less. It will also afford them a cooperation while providing Honda now cost interest BS6 vehicle inventory of all its dealers during the 21-day lockdown. "
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