New Delhi, April 21, 2020: 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 to offer our continued support in these testing times, and will undertake all necessary steps to help them navigate through the situation together with us. Dealer viability and stability is at the core of this program and we hope to spread positivity through it.”
Moreover, to promote online sales, Kia Motors India will be taking multiple initiatives. In addition, to encourage customers to book their favourite Kia cars online and reduce physical interaction points.
A detailed guideline has been issued by the company to its dealerships to prepare them to operate in accordance with the government norms of distancing and sanitation, post the lockdown. The dealerships will be supported with 50,000 masks.
In addition to this, Kia Motors India has taken several measures to ensure the safety of its customers and employees by promoting social distancing. The brand has suspended its operation at all its offices and dealerships, extended the period of free warranty service by 2 months for its customers. The company donated 2 Crores to the Andhra Pradesh Chief Minister's Relief Fund, along with 1 Lakh masks to the government for its COVID-19 initiatives. The brand is also considering numerous other activities in order to help the society at large fight the COVID19 pandemic. Recently, brand has started a campaign - #RewindKia to communicate to people of India to stay at their homes and be safe during this pandemic.
About Kia Motors India (KMI)
In April 2017, Kia Motors signed a memorandum of understanding (MOU) with the State Government of Andhra Pradesh, India, to build a new manufacturing facility in Anantapur District. Construction of Kia Motors’ first manufacturing facility in India has been completed and commenced the mass production in August 2019. The manufacturing facility has an annual production capacity of approximately 300,000 units. Kia Motors has made a mark in India with its first product – the Seltos establishing itself as a trusted brand with record bookings of 6,046 on the first day of bookings. Kia Motors India has the widespread network of 265 customer’s touchpoints, in 160 cities across Tier 1, 2 and 3 cities in India.
About Kia Motors Corporation
Kia Motors (www.kia.com) is a maker of world-class quality vehicles for the young-at-heart. Founded in 1944, Kia today sells around 3 million vehicles a year in over 190 countries, with 52,000 employees worldwide, annual revenues of over KRW 58 trillion (about US$50 billion) and manufacturing facilities in six countries. Kia is spearheading the transition to electric vehicles and pursuing mobility services to help tackle urban challenges around the world. The company's brand slogan – "The Power to Surprise" – represents Kia’s global commitment to surprise the world with exciting, inspiring experiences that go beyond expectations.
For more information, please visit the Kia Motors Global Media Center at www.kianewscenter.com
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