Maruti Suzuki has tied up with Cholamandalam Investment & Finance to offer flexibility to customers in paying EMIs after two months of availing the loan, thereby making new car purchase easy and affordable
Maruti Suzuki India Limited has joined hands with Cholamandalam Investment & Finance Company Ltd (CIFCL) with an objective to provide customised auto retail financing solutions to retail buyers. The new solution ‘Buy Now Pay Later Offer’ is aimed to provide customers with easy financing options that includes a two-month deferment of EMI advantage to car customers who currently are under resource crunch amidst the COVID-19 pandemic. The offer is available on select Maruti Suzuki models and will be applicable on loan disbursement till 30th June 2020.
Maruti Suzuki claims that the new scheme will make the process of car buying more convenient in these unprecedented times. With Maruti Suzuki’s vast network of 3,086 new car retail outlets across 1,964 cities and towns and CIFCL’s extensive branch presence across the country, the offer is expected to benefit many customers, stated the company.
Shashank Srivastava, Executive Director (Marketing & Sales), Maruti Suzuki, said that the “Buy-Now-Pay-Later Offer” will encourage customers towards car purchase without putting immediate extra pressure on their pockets.
Ravindra Kundu, Executive Director, Cholamandalam Investment & Finance Company Limited, said the synergies between the organisations are aimed towards singular focus to bring benefits to the customers.