NEW DELHI : Honda Motorcycle and Scooter India (HMSI) on Thursday said it has lined up a slew of measures, including buyback of unsold BS-IV stock, in order to support its sales partners during the unprecedented nationwide lockdown due to the coronavirus pandemic.
The two-wheeler major said it plans to buy back the BS-IV inventory lying unsold with few dealers, majorly in Delhi-NCR area, and provide advanced payments of incentives and reimbursements across the three functions -- sales, service and spare parts.
The company will also entirely bear the interest cost of BS-VI inventory (physical plus transit) with the dealers for the 21 days of the lockdown, it added. "The support package will effectively provide immediate liquidity to our