Summary:
The country’s largest car maker Maruti Suzuki India Ltd. (MSIL) has inked a strategic partnership with IndusInd Bank for vehicle financing to help spur sales after resumption of operation following lockdown relaxation.
Through the alliance, consumers can avail of low EMI scheme for the first three month starting at Rs. 899 per lakh; step-up scheme with EMI starting with Rs 1,800 per lakh; up to 100 per cent on-road funding for customers with valid income proof, said the company’s official said in a statement.
Moreover, customers who do not have valid income proof can avail of up to 100 per cent ex-showroom funding, the statement added.
It said, the offers are valid for all Maruti Suzuki models.
This collaboration is aimed at providing benefit to support the customers going through financial crisis in the wake of the current COVID-19 pandemic scenario. The bank is offering variety of finance options including low EMI scheme, step-up and balloon payment options and funding 100 per cent on-road price for the vehicles which will ease the pressure on immediate cash-flow of consumers.
IndusInd Bank has a wide portfolio that can be customized for needs of salaried, self-employed, agriculturists and businessmen, the statement said.
MSIL Executive Director (Marketing & Sales) Shashank Srivastava said, "IndusInd Bank is one of our leading finance partners. This collaboration is aimed at providing support to our customers who might be facing liquidity crunch in the prevalent COVID-19 scenario."
Furthermore, he added, “With this partnership, we aim to fulfill the desires of customers of owning a car of their choice in the most seamless manner,"
MSIL has a dealer network of 3,086 showrooms across the country, while IndusInd Bank has a network of more than 1,900 branches. This association would help facilitate the car buyers to avail easy and attractive finance schemes, the statement said.
The country’s largest car maker Maruti Suzuki India Ltd. (MSIL) has inked a strategic partnership with IndusInd Bank for vehicle financing to help spur sales after resumption of operation following lockdown relaxation.
Through the alliance, consumers can avail of low EMI scheme for the first three month starting at Rs. 899 per lakh; step-up scheme with EMI starting with Rs 1,800 per lakh; up to 100 per cent on-road funding for customers with valid income proof, said the company’s official said in a statement.
Moreover, customers who do not have valid income proof can avail of up to 100 per cent ex-showroom funding, the statement added.
It said, the offers are valid for all Maruti Suzuki models.
This collaboration is aimed at providing benefit to support the customers going through financial crisis in the wake of the current COVID-19 pandemic scenario. The bank is offering variety of finance options including low EMI scheme, step-up and balloon payment options and funding 100 per cent on-road price for the vehicles which will ease the pressure on immediate cash-flow of consumers.
IndusInd Bank has a wide portfolio that can be customized for needs of salaried, self-employed, agriculturists and businessmen, the statement said.
MSIL Executive Director (Marketing & Sales) Shashank Srivastava said, "IndusInd Bank is one of our leading finance partners. This collaboration is aimed at providing support to our customers who might be facing liquidity crunch in the prevalent COVID-19 scenario."
Furthermore, he added, “With this partnership, we aim to fulfill the desires of customers of owning a car of their choice in the most seamless manner,"
MSIL has a dealer network of 3,086 showrooms across the country, while IndusInd Bank has a network of more than 1,900 branches. This association would help facilitate the car buyers to avail easy and attractive finance schemes, the statement said.