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Old 9th April 2020, 13:19   #1
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Default Honda will bear interest cost of its 2-wheeler's dealer inventory

Honda will bear the interest cost of BS6 inventory with dealers during the 21 day nationwide lockdown. The bikemaker will also buy back unsold BS4 stock lying with few dealers in the Delhi NCR area.

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Over the past 16 months, dealerships across India have been struggling due to slow sales. The outbreak of the Covid-19 pandemic further impacted the business as sales dried up just when dealers were looking to move the BS4 stock off the shelves.

Therefore, Honda has introduced this financial support package to assist its dealers during these difficult times. It is expected to ease their anxiety and improve cash flow.

Link to Team-BHP News
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Old 9th April 2020, 18:29   #2
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Default Re: Honda will bear interest cost of its 2-wheeler's dealer inventory

Although this is a very welcome move, but can anyone please verify the news article? Last time such a news was circulated for HeroMotocorp too, but it was fake and users/dealers verified that.
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Old 10th April 2020, 08:58   #3
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Default Re: Honda will bear interest cost of its 2-wheeler's dealer inventory

Quote:
Originally Posted by Ik.Singh View Post
Although this is a very welcome move, but can anyone please verify the news article?
When something is published as a news article on Team-BHP, it is based on the press release by the company.
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Old 10th April 2020, 10:13   #4
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Default Re: Honda will bear interest cost of its 2-wheeler's dealer inventory

Here are more details. Hat's off to Honda . This is how you care for your dealers!

Thanks to a Team-BHP Fan (who prefers to stay anonymous) for sending this information in. Heartfelt gratitude for sharing it with other enthusiasts via this Team-BHP page!

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