Sany India, a leading manufacturer of construction equipment & heavy machinery, has set a new example. The company has taken a slew of measures to help its partners sail through the pandemic with ease. Sany India helped all its 35 dealers by implementing multiple initiatives to sustain and improve the cash flow for the dealer partners. This included an extension of credit period on all the receivables against supply of construction equipment & its spare parts, extended warranty support to customers and helping the dealers with salary support for around 1100 plus employees.
Sany’s timely financial support resulted in a three-pronged effect on their dealers who were able to sustain their business, retain their manpower, and bounce back with full force when markets reopened. This strategy has helped Sany India to gain huge incremental Market Share as compared to 2019 in a very short span of just 2 months (August & September 2020) after the Lockdown was lifted. It will be pertinent to mention here that when most of the companies across the world are forced to lay off their employees Sany India stands apart by announcing promotions and increments.
