Volvo India offers splendid financial support to its dealers

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Dealerships have taken a huge hit since the countrywide lockdown to contain the spread of the Coronavirus began. With the lockdown now extended till May 3, 2020, Volvo has announced a new scheme to support their dealers.

Volvo is offering 40 days new car interest. The interest for 10.5 days has already been paid, while the balance interest will be paid by May 5, 2020.

Volvo will bear the salaries of all dealer employees for 1 month. The payment will be made by May 5, 2020.

Volvo will also bear the IT / Systems cost for 1 month. The payment for the month of May and June have been deferred to July. The carmaker has waived off Kompass / Vida / DMS fee for April 2020.

Besides, Volvo has not set any sales targets for the month of May.