Ref: GR/AMB/GMO/FY25/May-24/Scheme/1 Date: 1st May 2024

To: All Parts Distributors

Dear Channel Partners,

Subject: Special Incentive Schemes for Greaves Maxtherm Oil (GMO) Business for the month of May’24

Thank you very much for your continuous support in promoting Greaves Spares & Oil. Continuing our efforts to improve
our secondary market presence, we are pleased to announce a Special Incentive Offer.
This special offer is against the achievement of Monthly targets assigned to our distributors for the period and shall be in
addition to the % incentive of standard TOD policy as mentioned in the terms & conditions.

Qualifying Conditions % Incentive

Achievement of 100% or More of GMO 5% Incentive on Gross billing
Monthly Target (KL Volume) value for the month

Terms & Conditions:

1. This special Incentive is being offered under a special scheme considering additional efforts required to promote
secondary sales.
2. The monthly sales target is same as mentioned in the target letter for FY24-25. This will be the basis of decision on
performance for the disbursement of the special Incentive.
3. Any pending orders existing at the end of the month / quarter are not liable for any incentives since the scheme is
only on actual billing value. No claims will be admissible, based on non-availability of Oil or pending back orders of
the same.
4. The incentive would be calculated on gross billing value excl. taxes & net of credit notes for sales returns etc.
5. This scheme sets no precedence for any other schemes
6. The disbursement of this special Incentive shall be done only after there are no financial liabilities pending from the
distributor in any form.
7. The scheme is independent of all other schemes. The special Incentive will be disbursed separately in the form of
credit note - after completion of the period.
8. In case of any specific clarification for improved understanding you may feel free to contact our regional sales teams.
9. Greaves Retail reserves the right to withdraw / modify the policy without prior notification.

You are requested to actively participate to avail benefit of this scheme to increase our market share. You can start placing
orders with immediate effect. Thanking you & assuring our best attention always.
Happy Selling!
Yours sincerely,
For Greaves Retail

(MANISH SINHA)
Head – Sales & Marketing
Domestic Auto Aftermarket Business