The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur

  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Business

Toyota Kirloskar Motor extends support to partners, announces unique sustenance packages for its dealer network

by TLN Team April 1, 2020April 1, 2020
written by TLN Team April 1, 2020April 1, 2020
Toyota Kirloskar Motor extends support to partners, announces unique sustenance packages for its dealer network

Bangalore, 31th March 2020: In its determined endeavors to counter the repercussions brought about by COVID-19 and the nationwide lockdown that followed, Toyota Kirloskar Motor (TKM) today, announced Dealer Support Package – ‘COVID Package’ for its associates in order to support and protect their interests. This unique package will provide necessary assistance to the dealer partners to overcome the lockdown phase, ensuring their safety and wellbeing during these uncertainties.

The dealer support package called the “COVID Package” is designed after careful evaluation of individual dealerships’ customized internal processes and fixed cost thus allowing them optimum utilization of the benefits. The primary objective of the package is to ensure liquidity to well sustain the business during the lockdown thus protecting dealer partners for approximately 38 to 75 days based on individual dealer overheads by giving cash flow support that will help them sail through these perilous times.

The COVID package ranges from immediate settlement of any dealer claims to inventory interest subsidy for vehicles in dealer stock and spare parts payment deferment amongst host of other supports. Besides, TKM is working with its finance partners for a one-time reduction of inventory funding interest at this unprecedented situation.

Expressing his views on this initiative, Mr. Naveen Soni, Senior Vice President, Toyota Kirloskar Motor said, “At Toyota, we believe that our stakeholders, dealer partners and their employees are the most important assets and their safety and wellbeing is of utmost importance to us. This pandemic has financially impacted all our dealerships across India because cash inflow has become zero. While the Government has announcement several relief measures including moratoriums, we have also studied the fixed cost expenses of dealerships and have come up with a relief package called the COVID package to assist in maintaining liquidity to improve cash flow. We hope to emerge stronger from this crisis, together.”

TKM has been taking effective measures to battle the ramifications of the outbreak with the safety and security of its stakeholders as a cornerstone in its decision making. TKM wholeheartedly appreciates the measures taken by the Government and will continue to support them by implementing impactful initiatives to deal with this crisis.

0 comment
FacebookTwitterLinkedin
TLN Team

previous post
Solve problems during lockdown; NMC issues contact numbers for public
next post
Grow Your Savings by Investing a Portion of Your Salary in an FD

You may also like

Centre clarifies issues on GST on rent for...

August 12, 2022

VTA requests for withdrawal of Police Check Posts...

August 12, 2022

Dr. Parul Saoji hosts first zone event

August 11, 2022

VIA Panel Discussion on How to involve young...

August 9, 2022

Devendra Parekh takes over as President Vidarbha Economic...

August 9, 2022

VIA holds meeting on energy related issues and...

August 8, 2022

MoU signed between AIIMS Nagpur & MAFSU, Nagpur

August 8, 2022

VIA Entrepreneurship Forum Panel Discussion on How to...

August 8, 2022

RBI MPC increase hike in repo rate by...

August 5, 2022

A Day- long Workshop on Understanding the Street...

August 4, 2022

Trending News

  • Water leaking from spiceJet plane, video goes viral

    August 12, 2022
  • Comedian-actor Raju Srivastava is “critical and on ventilator

    August 11, 2022
  • “Will be more than happy to lead team India” Hardik Pandya

    August 9, 2022
  • First Launch Of New ISRO Rocket reports data loss

    August 7, 2022
  • ISRO gearing up for launch of small rocket SSLV on Aug 7

    August 5, 2022

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Search

April 2020
M T W T F S S
« Mar   May »
 12345
6789101112
13141516171819
20212223242526
27282930  

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us
  • Work with us
  • Contact Us

© 2020 - The Live Nagpur . All Rights Reserved.