Kia Motors India announces measures to support dealers during Covid-19 pandemic

Kia Motors India, a wholly owned subsidiary of Kia Motors Corporation has announced several measures to support its dealer partners in difficult times of Covid-19. The company announced a program to help its dealers steer through the challenging phase, which includes multiple initiatives to sustain and improve the cash flow to the dealer partners. Kia Motors India has evaluated the current situation and looked at various areas of the business where it can support its dealer partners. Support on inventory: the company will support on interest cost of dealer stock, including vehicles in physical & transit stock. Reversal of Inventory funding amount: Unutilized dealer funds lying with the company have already been remitted back to dealer’s current account. Warranty and NVI claims: All the accepted Service Claims for warranty have been credited to the dealers account.  Extended warranty payments: warranty payments credited to dealers and the company announced priority clearance within 15 days post lockdown for all dealer invoices Commenting on the measures introduced, Mr. Kook-Hyun Shim, Managing Director and CEO – Kia Motors India said, “Our dealer partners are one of the key pillars of growth for us and form a foundation for Kia to connect with the consumers in the country. We are committed