Coronavirus impact: Kia Motors extends support to dealers
Kia Motors India has announced numerous initiatives to support its dealers during the COVID19 pandemic. The Korean carmaker, which has become the fourth-largest carmaker in India in less than a year of launching its first product has announced numerous measures to ensure the financial health of its dealers.
The company will support the on interest cost of dealer stock, including vehicles in physical & transit stock. Further, unutilized dealer funds lying with the company have already been remitted to dealers' current account. In the case of costs incurred due to warranty claims, All the accepted Service Claims for warranty have been credited to the dealers account and the company has also credited warranty payments to dealers within 15 days of the lockdown.
Aside from this Kia Motors India has taken steps to help in the ongoing fight against coronavirus, both with its employees and in the larger scheme of things.
The company has suspended operations at all its offices and dealerships, extended the period of free warranty service by 2 months for its customers. The company donated 2 Crores to the Andhra Pradesh Chief Minister's Relief Fund, along with one lakh masks to the government for its COVID19 initiatives, aside from 50,000 masks provided to dealerships.