HMSI announces measures to reinforce dealer partners amid Covid-19 chaos

As if the BS 4 to BS 6 transition wasn't enough to break the camel's back, the nationwide 21-day lockdown has now shaken the automotive industry to the core.

By: Prashant Singh
| Updated on: 18 Apr 2020, 10:43 AM
Follow us on:
Follow us on:
A Honda two-wheelers shop is closed during a government-imposed nationwide lockdown as a preventive measure against the COVID-19 coronavirus, in New Delhi on April 3, 2020. (Photo by Prakash SINGH / AFP) (AFP)
A Honda two-wheelers shop is closed during a government-imposed nationwide lockdown as a preventive measure against the COVID-19 coronavirus, in New Delhi on April 3, 2020. (Photo by Prakash SINGH / AFP)

Now, in order to ensure the business continuity of its dealer partners, Honda Motorcycle & Scooter India (HMSI) on Thursday announced numerous support measures and incentives to reinforce its dealers amid the ongoing Covid-19 chaos.

Also Read : Honda plans local production of several big bikes from next fiscal

The company promised advance payments of incentives and reimbursements across sales, service and spare parts to its dealers.

Also check these Bikes

Find more Bikes
Royal Enfield Shotgun 650 (HT Auto photo)
UPCOMING
₹ 3.25 Lakhs *Expected Price
View Details
Explore your Vehicle
Harley-davidson Livewire (HT Auto photo)
UPCOMING
₹ 20.50 - 20.60 Lakhs* *Expected Price
View Details
White Carbon Motors O3 (HT Auto photo)
₹55,900**Ex-showroom price
Add to compare
Check latest offers
Yamaha Fz 25 (HT Auto photo)
₹ 1.35 - 1.53 Lakhs* *Ex-showroom price
Add to compare
Check latest offers
Tvs Apache Rtr 180 (HT Auto photo)
₹ 1.04 - 1.16 Lakhs* *Ex-showroom price
Add to compare
Check latest offers
Yamaha Xsr125 (HT Auto photo)
UPCOMING
₹ 1.35 Lakhs *Expected Price
View Details

It mentioned that all the unsold BS 4 inventory will be bought-back from its dealerships 'majorly in the Delhi NCR region'. Moreover, HMSI also announced that it is ready to bear the entire interest cost of BS 6 inventory (Physical as well as Transit) with the dealers for the 21-day lockdown.

Speaking on the matter, Mr. Yadvinder Singh Guleria, Director – Sales & Marketing, Honda Motorcycle & Scooter India Pvt. Ltd. Said, “In this challenging times, Honda 2Wheelers India has extended an exhaustive financial support package for its dealers. The support package will effectively provide immediate liquidity to our dealer partners and we are confident that it will comprehensively ease their business continuity anxiety & improve cash flow. Providing yet another major support, Honda shall also bear the interest cost of the BS 6 vehicles inventory at all its dealers for the entire 21-day lockdown period."

Also Read : Patents reveal new 1100 cc Honda roadster under development

The company previously announced an extension period of two months on the free service and warranties expiring between the lockdown (March 15th to April 15th). It revealed the company has also released payments amounting close to 1,700 Crores to its suppliers, dealers and service providers on time.




First Published Date: 09 Apr 2020, 18:11 PM IST
NEXT ARTICLE BEGINS
Shopping Bag Shop Now
Godrej aer O – Hanging Car Air Freshener | Car Accessories | Cool Aqua (7.5g)
Rs. 99
SHAYONAM Dent Removal Kit - Powerful Car Dent Repair Kit - Suction Cup Dent Puller Handle Lifter and Dent Repair Puller for Car Body Dent, Glass, Tiles and Mirror (Plastic) (Multy)
Rs. 349
70% OFF
VENO Portable High Power 2 in 1 Car Vacuum Cleaner | USB Rechargeable Wireless Handheld Car Vacuum Cleaner Traveling, Camping Reusable and Sustainable (2 in 1 Vacuum Cleaner)
Rs. 899 Rs. 2,999
65% OFF
Ambrane 38W Fast Car Charger with Dual Output, Quick Charge 3.0 and Power Delivery, Type-C & USB Port, Wide Compatibility for Smart Phones (RAAP C38 A, Black)
Rs. 349 Rs. 999

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.