Maruti Suzuki introduces ‘Buy Now Pay Later’ schemes like other manufacturers to improve the sale and encourage customers to buy new cars. Maruti Suzuki has partnered with Cholamandalam Investment and Finance company to bring out these schemes.
The partnership brings out various schemes. The main focus is on ‘Buy Now Pay Later’ as it will help the customer to buy a car and not worry about the EMIs for at least 60 days. During this COVID-19 pandemic, the financial situation is dicey, so as thing stabilize customers will have a time span of 2 months before the EMI starts.
The second offer under this scheme is customers can avail a loan for 90 per cent value on-road cost of the vehicle. And even opt for longer tenure for loans to ease up the EMI costs. The offer is only valid up to June 30, 2020.
Commenting on the partnership and schemes Mr Shashank Srivastava, Executive Director (Marketing and Sales), Maruti Suzuki said, “The partnership with Cholamandalam Investment & Finance company Limited will boost convenience by offering customized retail financing to the customers. It is aimed to offer comfort to buyers who may have faced liquidity crunch during the COVID-19 lockdown. I am sure that the “Buy-Now-Pay-Later Offer” will encourage customers towards car purchase without putting immediate extra pressure on their pockets.”
Maruti Suzuki has already restarted operation at their facilities, and the dealership has also been reopened with taking all the safety measures in mind. With zero sales in April, we expect to see some positive numbers in May 2020.
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