Maruti Suzuki introduces ‘buy now pay later’ scheme on car purchase

NEW DELHI: Maruti Suzuki India Limited on Friday introduced a partnership with Cholamandalam Investment & Finance Company Limited (CIFCL), one of the vital main Non-Banking Financial Companies to supply customised car retail financing answers to patrons. The new answer ‘Buy Now Pay Later Offer’’ is aimed to supply shoppers with simple financing choices.

A two-month deferment of EMI will deliver merit to automobile shoppers who these days are underneath useful resource crunch amidst the Covid-19 pandemic.

The ‘Buy Now Pay Later Offer’’ will permit shoppers to start out paying the EMIs after 60 days of mortgage disbursement.

With Maruti Suzuki’s huge community of three,086 new automobile stores throughout 1,964 towns and cities and CIFCL’s intensive department presence around the nation, the be offering is predicted to profit many purchasers. The be offering is to be had on choose Maruti Suzuki fashions and will likely be appropriate on mortgage disbursement until June 30, 2020, the corporate knowledgeable.

Shashank Srivastava, govt director (advertising and marketing and gross sales), Maruti Suzuki stated, “Customers have at all times been on the center of Maruti Suzuki’s efforts of creating non-public mobility obtainable. The partnership with Cholamandalam Investment & Finance corporate Limited will spice up comfort through providing custom designed retail financing to the purchasers. It is aimed to provide convenience to patrons who can have confronted liquidity crunch right through the COVID-19 lockdown. I’m positive that the “Buy-Now-Pay-Later Offer” will inspire shoppers against automobile acquire with out hanging speedy additional force on their wallet.”

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Ravindra Kundu, govt director, Cholamandalam Investment and Finance Company Limited stated, “We are very excited to spouse with Maruti Suzuki India Limited, a depended on and famend logo in India. This partnership will give us a robust foot cling within the automobile financing house, with our 1094 branches unfold throughout semi city and rural markets. The synergies between the organizations are aimed against singular center of attention to deliver advantages to the purchasers. This “Buy-Now-Pay-Later Offer” will lend a hand shoppers in figuring out their desires with out suspending the acquisition to any extent further.”

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Source: timesofindia.indiatimes.com

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