Tata Motors ties up with HDFC Bank
Tata Motors ties up with HDFC Bank
Tata Motors ties up with HDFC Bank
Tata Motors said on Saturday, it has ties up with HDFC Bank for financing of its passenger vehicles.
Through the partnership, Tata Motors has introduced two new schemes, “Gradual step up Scheme” and “TML Flexi Drive Scheme,” with an eye fixed on making its products more accessible and driving up sales in the festive seasons.
The schemes are getting to be available till the month end of November 2020, and to be redeemed on the complete new range of BS-VI cars and SUVs together with the company’s Electric Vechicals range, Tata Motors said.
Under the,”Gradual Step Up scheme”customers can avail EMI options as-low-as Rs.799/lakh per month,depending on the product and variant,The EMI payments gradually increases over a period of 2 years depending on the payment convenience of the buyers.
“Flexi Drive scheme”, offers the choice to the buyer to settle on any three months per annum where buyers will pay a minimum EMI of Rs.789/lakh per month,depending on the product and variant as per convenience of the buyers.
This is aimed toward helping customers map their EMI payment properly so they will bridge over the high outflow months easily giving them the flexibilityand power to decide on, the company said in a statement.
Commenting on the collaboration with HDFC Bank, Tata Motors head- Marketing, passenger vehicle business unit Vivek Srivatsa said on saturday, “This is in alignment with our constant endeavour to form safe personal mobility solutions more cost-effective and accessible to individuals and families, while contributing to the enjoyment of this year’s festive season.”
Arvind Kapil: country head-retail lending HDFC Bank said, We believe this partnership will offer a reasonable and viable financing solutions therein, creating a valuable proposition for our customers,thereby facilitating the ownership of their dream car.
Tata Motors said, it is also providing up to 100percent ex – showroom financing on the entire passenger vehicles product range under both schemes.
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