Maruti Suzuki India (MSIL) on Tuesday has joined hands with Mahindra Finance, to ease the finance availability for customers looking at personal mobility solutions during ongoing Covid-19 pandemic.
Under the tie up, Maruti Suzuki customers can avail wide options for getting their car financed from Mahindra Finance including moratorium scheme of two months to help customers manage their cash flows, unique step up option at frequency of six months, customer has to pay 25 per cent of the contract value as last EMI and agricultural customer schemes including quarterly EMIs.
In the last five years, over six-lakh Maruti Suzuki customers have financed their cars from Mahindra Finance. Mahindra Finance has a network of 1,450 branches and offers attractive finance schemes. This partnership would support all the customers segments -- salaried, self-employed, agriculturists and businessmen to purchase cars, MSIL said.
“Mahindra Finance is a very well networked NBFC across India and has the expertise in lending across all profiles including semi-rural, rural and no-income proof customers. More than one-third of Maruti Suzuki’s retail sales come from rural India," Shashank Srivastava, Executive Director (Marketing and Sales), MSIL said.