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Few OEM’s come forward to bail out crisis-hit auto dealer partners, Auto News, ET Auto

New Delhi: As the Indian automobile dealers’ are reeling underneath crisis due to lockdown and unsold BS-IV stock, some auto brands have certain their network associates of fiscal and other assist. Dealers’ declare they have stock worthy of Rs 6,000 crore lying with them and the countrywide lockdown has made it is retail unachievable.

Two wheeler big, Hero MotoCorp, which has a substantial number of BS-IV vehicles at the dealership promised the dealer associates to consider again all the unsold BS-IV stocks at minimum in the Delhi-NCR. The assurance came all through a video convention url-up among Pawan Munjal, Chairman & CEO and major management users of Hero MotoCorp with dealer associates on Saturday early morning.

Several auto firms in India have reported that they will enable the dealer associates who are caught with BS-IV stock due to the coronavirus crisis and the lockdown imposed by the government due to that. These firms include Hero MotoCorp, Toyota Kirloskar Motor, Volkswagen India, Renault India. (Representational image)
A number of auto firms in India have reported that they will enable the dealer associates who are caught with BS-IV stock due to the coronavirus crisis and the lockdown imposed by the government

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