The Japanese automaker mentioned it has additionally cleared all pending funds of sellers until March. It can be guaranteeing that funds to its suppliers are being accomplished on time.
- PTI New Delhi
- Last Updated: April 7, 2020, 4:41 PM IST
Honda Cars India Ltd (HCIL) on Monday mentioned it’s releasing advance funds to its seller companions so as to assist them with money movement to stay afloat within the troublesome enterprise atmosphere resulting from COVID-19 compelled nationwide lockdown. In regular enterprise movement, funds to sellers are made as claims after the closure of the gross sales month.
The Japanese automaker mentioned it has additionally cleared all pending funds of sellers until March. Besides, the corporate has given assist on curiosity value of contemporary inventory obtainable on the seller earlier than lockdown, HCIL added.
Furthermore, the corporate is guaranteeing that funds to its suppliers are being accomplished on time, it mentioned.
“Our dealers are the company’s interface with the customers and it is important that they stay healthy and viable financially,” HCIL Senior Vice President and Director (Sales and Marketing) Rajesh Goel mentioned.
The firm understands that because of the lockdown and no enterprise exercise, they are going to face money movement issues and measures are being taken to handle these points, he added.
The firm can be taking varied initiatives to assist prospects like an extension of guarantee and repair timelines.
“Service and warranty are two of the most important factors that concern customers and we are addressing all of them during the lockdown period,” Goel mentioned.
Already, Honda India Foundation, the CSR arm of all Honda group firms in India, has pledged assist of Rs 11 crore to central and state governments for aid and prevention efforts for the continued COVID-19 pandemic.
As a part of this assist, Honda is instantly supplying 2,000 items of Honda engine-powered high-pressure backpack sprayers to the varied authorities businesses.
The sprayers can be used for disinfectant fumigation at hospitals, public transport, railway stations, public canteens and different widespread areas.