KIA Announces Measures to Support Dealers Amidst COVID-19 Pandemic

Kia Motors announces measures to support dealers amidst COVID-19 pandemic

Latest News
Est. Reading Time:
2 mins

Kia Motors announces measures to support dealers amidst COVID-19 pandemic

New Delhi, April 21, 2020: Kia Motors India, a wholly-owned subsidiary of Kia Motors Corporation has announced several measures to support its dealer partners in difficult times of COVID-19. The Korean carmaker announced a program to help its dealers steer through the challenging phase, which includes multiple initiatives to sustain and improve the cash flow to the dealer partners.

Kia Motors India has evaluated the current situation and looked at various areas of the business where it can support its dealer partners.

Support on inventory: the company will support on interest cost of dealer stock, including vehicles in physical & transit stock.

Reversal of Inventory funding amount: Unutilized dealer funds lying with the company have already been remitted back to dealer’s current account.

Warranty and NVI claims: All the accepted Service Claims for warranty have been credited to the dealer’s account.

Extended warranty payments: warranty payments credited to dealers and the company announced priority clearance within 15 days post lockdown for all dealer invoices

Commenting on the measures introduced, Mr. Kook-Hyun Shim, Managing Director and CEO – Kia Motors India said, “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.”

Also Read – How to Clean & Disinfect Your Car’s Interior and Exterior Due to COVID-19

A detailed guideline has been issued by the company to its dealerships to prepare them to operate in accordance with the government norms of distancing and sanitation, post the lockdown. The dealerships will be supported with 50,000 masks.

In addition to this, Kia Motors India has taken several measures to ensure the safety of its customers and employees by promoting social distancing.

Also Read – Coronavirus Lockdown Impact on India’s Auto Sector

If you’re looking to buy or sell a Used Car Visit for Best Price, Instant Payment & Free RC Transfer