Coronavirus which has created havoc in India and across the world, is a major concern for manufacturing industries. With production coming to an halt due to the current lockdown, automakers and their dealers across the country are bearing huge losses. In an attempt to create some relief for their dealers, Kia Motors India has announced some measures to help aid them during this challenging time. The support programme that the company has initiated will help sustain and improve the cash flow to their dealer partners.
As part of the first initiative, Kia Motors India will be supporting their dealers with their inventory. The company will help with the interest cost of dealer stock, including vehicles in physical and transit stock. According to the manufacturer, unutilized dealer funds lying with them have already been remitted back to the dealer’s current account. Further Warranty and NVI claims have already been credited to the dealer's account as per the brand. As for Warranty payments, they have already been credited to dealer partners. The company has also announced priority clearance within 15 days post lockdown for all dealer invoices.
“Our dealer partners are one of the key pillars of growth for us and form a foundation for Kia to connect with the consumers in the country. We are committed to offer our continued support in these testing times and will undertake all necessary steps to help them navigate through the situation together with us. Dealer viability and stability is at the core of this program and we hope to spread positivity through it”, commented Kook-Hyun Shim, Managing Director and CEO - Kia Motors India.
Once the lockdown is lifted, Kia Motors will provide 50,000 masks to its dealerships across the country.