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HMSI to buyback BSIV stock from NCR sellers

NEW DELHI: Honda Motorcyle & Scooter India (HMSI) Thursday mentioned it can purchase again all unsold BSIV stock mendacity in Delhi-NCR to help its vendor companions amid the lockdown imposed nationally to examine the unfold of coronavirus pandemic.

The firm mentioned it has additionally determined to advance funds of incentives and reimbursements throughout the three features (gross sales, service and spare components) and fully bear the curiosity price of BS-VI stock (bodily in addition to these in transit) with the sellers for the 21 days of nationwide lockdown.

Yadvinder Singh Guleria, director (Sales and advertising and marketing), Honda Motorcycle & Scooter India, mentioned, “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-VI vehicles inventory at all its dealers for the entire 21-day lockdown period.”

Rival Hero MotoCorp has additionally introduced plans to purchase again unsold BSIV stock from sellers in NCR and to supply monetary help to vendor companions in different areas.

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