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EW Upto 7 Years ITraining Module

Honda Cars has introduced an Extended Warranty (EW) program that offers unlimited kilometers coverage for up to 7 years across five policy categories, applicable only to petrol variants of select models. The program aims to provide peace of mind for customers by protecting against unexpected repair costs and enhancing dealership revenue through increased service retention. Dealers are encouraged to promote this updated EW program through various media channels.

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0% found this document useful (0 votes)
19 views18 pages

EW Upto 7 Years ITraining Module

Honda Cars has introduced an Extended Warranty (EW) program that offers unlimited kilometers coverage for up to 7 years across five policy categories, applicable only to petrol variants of select models. The program aims to provide peace of mind for customers by protecting against unexpected repair costs and enhancing dealership revenue through increased service retention. Dealers are encouraged to promote this updated EW program through various media channels.

Uploaded by

praveenfrp1127
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 18

Page 1

Introduction of EW Upto 7 Years

iTraining Module
Index Page 2

❑ Existing EW (Recap)
❑ Introduction of EW Upto 7 Years
❑ Competition Benchmarking
❑ Benefits
❑ Summary
Existing EW Recap Page 3

Honda Cars' Extended Warranty is an additional


Warranty Program that extends the vehicle’s standard
warranty beyond its original coverage period.

Categories of Extended Warranty:


1) 4th Year / upto 80,000 kilometers
2) 4th Year/ Unlimited kilometers
3) 4th & 5th Year / upto 100,000 kilometers
4) 4th & 5th Year / Unlimited kilometers

(1-3)Year (4-5)Year (4-10)Year

Standard Warranty Extended Warranty

Anytime Warranty 10Years/120,000 kilometers

1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year

Currently EW having (4-5)Year Coverage with 4 → Categories


EW Upto 7 Years Page 4

Industry 1 Extended Warranty with


st

Unlimited Kms Coverage

upto 7 Yrs

A small cost today ensures long-term peace of mind for years to come!!
EW Upto 7 Years –New Program Update Page 5

❑ Program Details ❑ Policy Details & Eligibility

Purchase
# Policy Category Eligibility
Mode

4th~7th Yr Upto
1.
Unlimited Kms Within Std Wty & Car age <2Yr

All Modes
2. 4th & 5th Yr Upto 80K same as
New Program Coverage Within Std Wty & car age <3Yr
current

3. 4th~6th Yr Upto 125K

5 Years → 7 Years 4. 5th~7th Yr Upto 150k Customers having EW Upto 4Yr


Other
(Unlimited kms) (Unlimited kms) than H-
Connect
5. 6th~7th Yr Upto 150K Customers having EW Upto 5Yr

EW Customer Eligibility Criteria is explained below

New EW Updated Program having Unlimited Kms Coverage Upto 7 Yrs with 5 → Policy Categories
EW Customer Eligibility Criteria Page 6

For Customers purchasing EW Policy -First time


Age of Vehicle (in years)
Policy Type Condition
0~2 3 4 5
1 4th~7th Yr Upto UL - -

2 4th & 5th Yr Upto 80K Kms <80K


-
3 4th~6th Yr Upto 125K Kms <125K

For Customers having Existing EW Policies


Age of Vehicle (in years)
Policy Type Condition
0~2 3 4 5
4 Yr / 80K → Kms <80K
4 5th~7th Yr Upto 150K -
4 Yr / UL → Kms <140K

5 Yr / 100k → Kms <100K


5
6th~7th Yr upto 150K 5 Yr / UL → Kms <140K

5 Yr / 80K → Kms <80K


EW Customer Eligibility Criteria Page 7

For Customers purchasing EW Policy -First time


Age of Vehicle (in years)
Policy Type Condition
0~2 3 4 5
1 4th~7th Yr Upto UL - -

2 4th & 5th Yr Upto 80K Kms <80K


-
3 4th~6th Yr Upto 125K Kms <125K

Policy Type Eligibility Condition

Customers can take Unlimited EW


1
4th~7th Yr Upto UL within Standard Warranty, car age -
should be less than 2 years
EW Customer Eligibility Criteria Page 8

For Customers purchasing EW Policy -First time


Age of Vehicle (in years)
Policy Type Condition
0~2 3 4 5
1 4th~7th Yr Upto UL - -

2 4th & 5th Yr Upto 80K Kms <80K


-
3 4th~6th Yr Upto 125K Kms <125K

Policy Type Eligibility Condition

Odometer reading should be less


2 4th & 5th Yr Upto 80K
Customers can take EW within than 80,000 Kms
Standard Warranty, car age should
be less than 3 years Odometer reading should be less
3 4th~6th Yr Upto 125K
than 125,000 Kms
EW Customer Eligibility Criteria Page 9

For Customers having Existing EW Policies


Age of Vehicle (in years)
Policy Type Condition
0~2 3 4 5
4 Yr / 80K → Kms <80K
4 5th~7th Yr Upto 150K -
4 Yr / UL → Kms <140K
5 Yr / 100k → Kms <100K
6th~7th Yr upto 150K 5 Yr / UL → Kms <140K
5
5 Yr / 80K → Kms <80K

Policy Type Eligibility Condition Mileage

Having existing EW policy: Odometer reading should


Customer should be having existing EW 4 Yr / 80K be less than 80,000 Kms
policy in active state.
4 5th~7th Yr
Upto 150K There are 2-conditions for the same (any Having existing EW policy: Odometer reading should
one of the condition should be ok) 4 Yr / UL Kms be less than 140,000 Kms
EW Customer Eligibility Criteria Page 10

For Customers having Existing EW Policies


Age of Vehicle (in years)
Policy Type Condition
0~2 3 4 5
4 Yr / 80K → Kms <80K
4 5th~7th Yr Upto 150K -
4 Yr / UL → Kms <140K
5 Yr / 100k → Kms <100K
6th~7th Yr upto 150K 5 Yr / UL → Kms <140K
5
5 Yr / 80K → Kms <80K

Policy Type Eligibility Condition Mileage


Having existing EW policy: Odometer reading should
5 Yr / 100k be less than 100,000 Kms
Customer should be having existing EW
4 6th~7th Yr upto policy in active state. Having existing EW policy: Odometer reading should
150K There are 3-conditions for the same (any 5 Yr / UL Kms be less than 140,000 Kms
one of the condition should be ok)
Having existing EW policy: Odometer reading should
5 Yr / 80K be less than 80,000 Kms
EW Upto 7 Years –New Program Update Page 11

❑ Program Details ❑ Policy Details & Eligibility


Purchase
# Policy Category Eligibility
Mode
1. 4th~7th Yr Upto UL Within Std Wty & Car age < 2Yr
All Modes
2. 4th & 5th Yr Upto 80K same as
Within Std Wty & car age < 3Yr current
3. 4th~6th Yr Upto 125K

4. 5th~7th Yr Upto 150k Customers having EW Upto 4Yr


Other
than H-
5. 6th~7th Yr Upto 150K Customers having EW Upto 5Yr Connect
New Program Coverage
3-EW Policies can be purchased from H-Connect.

5 Years → 7 Years 1. 4th~7th Yr Upto Unlimited Kilometers


2. 4th & 5th Yr Upto 80K
3. 4th~6th Yr Upto 125K
(Unlimited kms) (Unlimited kms)
2-EW Policies can’t be purchased from H-Connect.
Why?
1. 5th~7th Yr Upto 150K ❖ Car health check up to be done
2. 6th~7th Yr Upto 150K ❖ Odometer reading to be verified

Except 2-policies, all other EW policies can be purchased from H-Connect


EW Upto 7 Years –New Program Update Page 12

❑ Program Details ❑ Models Applicable for EW

Petrol variant only


❖ This Extended Warranty is offered on petrol variants of
its current model range of Elevate, City, City e:HEV and
Amaze. The programme has also been offered to petrol
variants of other models Civic, Jazz & WR-V if customer
New Program Coverage is enrolled for Extended Warranty program earlier.

❖ EW is not applicable on any Diesel vehicle. These

5 Years → 7 Years
customers can opt for Any time warranty (ATW).

❖ EW is not applicable on Taxi vehicle


(Unlimited kms) (Unlimited kms)
❖ For the vehicles in which CNG Kit fitted by Dealership,
contact your respective Sales team for EW coverage
related terms & conditions

Petrol variant applicable for EW (6-models)


EW Upto 7 Years –New Program Update Page 13

❑ Program Details ❑ Price Categorization

MT/CVT basis only

❑ Parts Coverage
New Program Coverage
Same as Existing EW
5 Years → 7 Years
Parts Coverage related terms and conditions will
(Unlimited kms) (Unlimited kms)
remain same as in existing EW (no change).

Price categorization basis transmission type & no change in parts coverage


EW Upto 7 Years <Pricing “Example”> Page 14

Honda City (CVT)

Customer Price
Final EW Retail Price
Variant/
Policy Applicability Upto 60 from 61 ~ from 301 ~ from 541 ~ from 731 ~ from 911 ~ from 1096 ~ from 1461 ~
Fuel
Days 300 Days 540 Days 730 Days 910 Days 1095 Days 1460 Days 1825 Days

New/Existing
4th~7th Yr Upto UL customers, <2 Yrs 28,300 30,200 32,300 34,600 Not Applicable

4th & 5th Yr Upto 80K New/Existing 15,100 16,100 17,200 18,400 19,700 21,100 Not Applicable
Petrol customers ,< 3 Yrs
4th~6th Yr Upto 125K 25,600 27,400 29,300 31,400 33,600 35,900 Not Applicable
CVT
For Existing Not
5th~7th Yr Upto 150K Not Applicable 24,600
Customer having Applicable
6th~7th Yr Upto 150K EW Not Applicable 20,300 21,700

*Amount in INR w/o Tax

Policy pricing will depend on car age and EW policy purchase date

Competitive Pricing (Slab wise) with Unlimited Kms Coverage Upto 7 Years
Competition Benchmarking Page 15

Product: OEM
Hyundai Volkswagen Skoda Toyota Suzuki Kia Honda
EW Coverage
3 Years/ 3 years/ 3 Years/
Standard 4 years/ 4 years/ 3 Years/ 3 years/
unlimited Unlimited Unlimited
Warranty Kms
100,000 km 100,000 km 100,000 kms 100,000 kms
Kms Kms
1 2 3 4
Upto 6th Yr Yes / 100k Yes / 150k Yes / 150k - Yes / 160k - Yes/ 125K

1
Upto 7th Yr Yes / 100k - - - - - Unlimited

Market Study among all OEMs in market:


❖ Only 4-OEMs are having EW Coverage Upto 6th Yr (Limited Kms) Honda is the 1st OEM to offer an EW with
❖ Only 1-OEM having EW Coverage Upto 7th Yr (Limited Kms) Unlimited Kms Coverage for Upto 7 years

Pricing: Compt. Model Variant 4~7 Yr / 100K 4~7 Yr / UL


Honda having Competitive Pricing on
Hyundai Verna P_AT 35,099 -
Unlimited Kms Coverage
Honda City P_CVT - 28,300
with respect to Hyundai
Virtus 1.6
VW Ltr
P_AT - -
*Amount in INR w/o Tax
Extended Warranty <Benefits> Page 16

Dealership Customer

Factor Description Factor Description


Coverage Upto 7Yrs Unlimited Kms,
Higher Service Retention with EW → +3% Vs
Peace of Mind protection from unexpected repair
Retention Retention without EW costs

Performance & Genuine Parts & Service are used for


Additional Tool Call Customers for regular service
longevity repairs

Industry 1st EW having Unlimited


Competitive Edge Kms Coverage Upto 7 Yrs
Inflation Protection Avoid rising repair costs in the future

Increased Revenue Additional revenue for dealerships Resale Advantage Added value in the future

By offering EW, dealerships build long-term Enjoy peace of mind with Honda’s EW covering
customer relationships and brand loyalty unexpected repairs and services
Summary Page 17

❑ EW Coverage → Unlimited Kms Upto 7 Years


❑ Policy Categories → 5
❑ Applicability → Petrol Variant only (6-models)
❑ Price Categorization → MT/CVT basis only
❑ Parts Coverage → same as existing EW Policy
❑ There is no change in Any Time Warranty (ATW)

All Dealers are requested to Promote Updated EW on


Digital & Print Media, Web page, Social media etc.
Page 18

Thank you

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