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Tata Motors ties up with HDFC Bank for financing of passenger vehicles

New Delhi(DL): Tata Motors on Sat. stated it’s worked together with HDFC Bank for financing of its passenger vehicles. Using the partnership, the firm stated it’s presented 2 new schemes — ‘Slow Step Up Scheme’ & ‘TML Flexi Drive Scheme’ with an eye on creating its products extra accessible & driving up sales within the festive season.

The schemes going to be available until the end of Nov 2020 & could be redeemed on the overall new BS-VI range of cars & SUVs with the firm’s EV range, Tata Motors stated in an announcement. Within the Slow Step Up scheme, clients could avail EMI options as low as INR 799 per lakh per mo, depending on the product & variant.

The EMI payments steadily rise over a period of 2 yrs. depending on the payment comfort of the buyer, it added further.

Flexi Drive scheme offers the option to the user to choose any 3 mos each yr.,

where s/he could pay a min. EMI of INR 789 per lakh per mo, depending on the product & variant according to comfort.

This is aimed in contributing clients map their own EMI payment correctly so that they could tide over the high outflow mos easily, granting them the flexibility & power to choose, the firm stated.

Commenting on the collaboration, Tata Motors Head – Marketing, Passenger Vehicle Business Unit Vivek Srivatsa stated, “This is now in alignment with our constant endeavor to make safe personal mobility services extra affordable & accessible to persons & families, awhile helping to the joy of this yr.’s festive season.”

HDFC Bank Nation Head – Retail Lending Arvind Kapil stated, “We believe this partnership offers affordable & viable financing services, in that, making a valuable proposition for our clients, thus facilitating the ownership of their own dream car.”

Tata Motors stated it’s also offering as many as 100 percent ex-showroom financing on the overall PV product range under both schemes.

The post Tata Motors ties up with HDFC Bank for financing of passenger vehicles surfaced 1st on Telangana (TL) Today.

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George Henry
George is one among the oldest contributors of Next Bulletin with a particularly unique perspective with regards to Politics niche. He aims to empower the readers with delivery of apt factual analysis of various news pieces from Politics category.

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