Indian aftermarket automotive service and maintenance platform, GoMechanic has launched a Partners Incentive Plan for its services partners, workshops, retailers, distributors and consultants across India.
Under the plan, the company has proposed to issue stocks worth INR 30 crore as a reward for its network of service partners with stock options for a 4-year vesting duration with yearly vesting at 25% and a cliff period of one year, a press release from the company said.
Kushal Karwa, Co-Founder, GoMechanic, said that the Partner Stock Option Programme is a step towards incentivising and strengthening the company’s collaboration with its partner workshops by enabling them with the opportunity to participate in its long-term value creation as well as expansion in the automotive sector.
Additionally, the company has also partnered with the National Skill Development Center (NSDC) to train about 5,000 mechanics across 1,500 workshops in India.
Starting July 5, 2022, the training programme is said to be an integral part of the Government body’s Skill India Mission.
With the aim to create high-calibre job opportunities and adapt itself to the OEM industry standards, the three-tier training module will comprise an intense 8-module curriculum covering every aspect of a car's construction and equips the mechanics with advanced skills, the company noted.
Amit Bhasin, Co-Founder, Go mechanic, said that as a result of the NSDC training programme, service partners will receive Verified Skill India badges based on merit and skill.