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Okinawa hikes vendor margins by three computer to 11 computer amid COVID-19 pandemic

NEW DELHI: Electric two-wheeler maker Okinawa on Tuesday mentioned it has elevated vendor margins by three per cent to 11 per cent per sale amid nationwide lockdown attributable to COVID-19 pandemic.

The hike, from eight per cent to 11 per cent, is efficient from April 27 onwards till additional discover, Okinawa mentioned in a press release.

The hike in vendor margins is predicted so as to add as much as Rs 2,000 per automobile in a vendor’s kitty, it added.

If a vendor is promoting 100 autos in a month, he’ll find yourself making an extra revenue of over Rs 2 lakh.

Okinawa presently has a gross sales community of over 350 dealerships throughout the nation.

“We understand that the country is going through difficult times. In this hour, everyone holds a responsibility to do their bit to make it easier for as many people, as possible,” Okinawa Founder and MD Jeetender Sharma mentioned.

The firm expects this transfer to offer some respite to the sellers who’ve been struggling attributable to coronavirus-led lockdown, he added.

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