Okinawa hikes dealer margins by 3 pc to 11 pc amid COVID-19 pandemic
The hike, from 8 per cent to 11 per cent, is effective from April 27 onwards until further notice, Okinawa said in a statement.
The hike in dealer margins is expected to add up to Rs 2,000 per vehicle in a dealer's kitty, it added.
If a dealer is selling 100 vehicles in a month, he will end up making an additional profit of over Rs 2 lakh.
Okinawa currently has a sales network of over 350 dealerships across the country.
"We understand that the country is going through difficult times. In this hour, everyone holds a responsibility to do their bit to make it easier for as many people, as possible," Okinawa Founder and MD Jeetender Sharma said.