Gurugram: In the midst of strict nationwide lockdown due to COVID-19 pandemic, Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI) closed April’20 with limited exports of 2,630 two-wheelers.
Honda’s domestic sales in April’20 stood at Nil as all 4 of its production facilities suspended operations from 22nd March till now in accordance with lockdown guidelines issued by the Government.
Honda took a slew of measures supporting its partners including suppliers and dealers. This included advance payments of incentives and reimbursements across the 3 functions (sales, service and spare parts), Buy-back of unsold BS-IV inventory with few dealers majorly in Delhi NCR area. Additionally, Honda also announced that it will entirely bear the interest cost of BS-VI inventory (Physical plus Transit) with dealers during the nationwide lockdown. Honda also released payments approximately amounting to Rs. 1,700 Crores to all its suppliers, dealers and service providers on time.