HMSi to bear full interest cost of dealer inventory under complete lockdown for 30 days or more.
29 May 2021 | 13831 Views | By Autocar Professional Bureau
Honda Motorcycle & Scooter India (HMSI) has recommenced manufacturing operations in a phased manner at its plants in Manesar (Haryana), Tapukara (Rajasthan) and Vithalapur (Gujarat). The fourth plant, located at Kolar, Karnataka, remains shut due to the lockdown in Karnataka on May 25.
The two-wheeler OEM has a total manufacturing ...
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Honda Motorcycle & Scooter India (HMSI) has recommenced manufacturing operations in a phased manner at its plants in Manesar (Haryana), Tapukara (Rajasthan) and Vithalapur (Gujarat). The fourth plant, located at Kolar, Karnataka, remains shut due to the lockdown in Karnataka on May 25.
The two-wheeler OEM has a total manufacturing capacity of 6.4 million units as under:
Plant 1: Manesar (Haryana) - 1.6 million units
Plant 2: Tapukara (Rajasthan) - 1.2 million units
Plant 3: Kolar (Karnataka) - 2.4 million units
Plant 4: Vithalapur (Gujarat) - 1.2 million units
The company has also announced support for its authorised dealers who were under complete lockdown. Under this initiative, the company will bear full interest cost of dealer inventory under complete lockdown for 30 days or more.
Atsushi Ogata, MD, President & CEO, HMSI, “We are gradually resuming production operations following all Covid-19 compliance and lockdown guidelines by respective state governments. While there are visible signs of recovery in the country, we will continue to monitor the situation very closely and are moving forward with safety and well-being of all our stakeholders as a top priority.”
Yadvinder Singh Guleria, Director – Sales & Marketing, HMSI, added, “In these difficult times, Honda 2Wheelers India is proactively extending financial support to its dealers. We are confident that, full interest support on the existing dealer inventory of those dealers who are under lockdown for 30 days or more will ease their immediate business continuity concern. Also, there is a positive momentum visible in the Covid-19 vaccination drive along with various other measures by Central and State governments. However, HMSI is moving forward with a calibrated approach across its entire ecosystem ensuring synergy for stable and efficient operations. We expect easing of restrictions by various local administrations and state governments in near future and are accordingly moving forward cautiously in a stepwise manner to serve our customers.”
Meanwhile, HMSI has announced extension of warranty and free vehicle service benefits till July 31, 2021 across all its dealership networks across India. This extension is applicable for all HMSI customers, whose vehicle’s free service, warranty and extended warranty was originally ending between April 1, 2021 and May 31, 2021.