38.6c New Delhi, India, Thursday, July 25, 2024
Business

TATA Motors Ties Up with HDFC Bank for Financing of Passenger Vehicles

By Parul Singhal      20 October, 2020 05:15 PM      0 Comments
TATA Motors Ties Up with HDFC Bank for Financing of Passenger Vehicles

TATA Motors on Saturday (17th October 2020) said it has collaborated with HDFC Bank for the financing of its passenger vehicles. 

The Company, through its partnership, has introduced two new schemes, Gradual Step Up Scheme and TML Flexi drive Scheme with an eye on making its products more accessible and driving up sales in the festive season.

The schemes will be available till the end of November 2020 and can be redeemed on the entire new BS-VI range of cars and SUVs along with the companys EV range, TATA Motors said in a statement. 

Under the Gradual Step Up Scheme, Customers can avail of EMI options as low as Rs 799 per lakh per month, depending on the product and variant. The EMIs payments gradually increase over a period of 2 years depending on the payment convenience of the buyer. On the other hand, Flexi Drive Scheme offers the option to the consumer to choose any three months every year, where they can pay a minimum EMI of Rs 789 per lakh per month, depending on the product and variant as per convenience. 

This aimed at helping map their EMI payment properly so that they can tide over the high outflow easily, giving them the flexibility and power to choose, the company said. 

HDFC Bank country head retail lending Arvind Kapil said, We believe this partnership offers affordable and viable financing solutions, in that regard creating a value proposition for our customers, thereby facilitating the ownership of their dream car.

This is in alignment with our constant endeavor to personal mobility solutions more affordable and accessible to individuals and families, while contributing to the joy of this years festive season, Marketing Head of TATA Motors commented. 

TATA Motors said it is also providing up to 100 percent ex-showroom financing on the entire PV product range under both schemes. 



Share this article:



Leave a feedback about this
TRENDING NEWS

investor-vishvanidhi-dalmia-accused-of-collusion-in-nsel-scam-maharashtra-govt-affidavit-reveals
Trending Judiciary
Investor Vishvanidhi Dalmia accused of collusion in NSEL Scam, Maharashtra Govt Affidavit reveals [Read Affidavit]

Investor Vishvanidhi Dalmia accused of colluding with NSEL's prime accused Jignesh Shah, as revealed in Maharashtra Government's affidavit filed in Bombay High Court.

24 July, 2024 09:34 AM
sc-declines-re-test-of-neet-ug-2024
Trending Judiciary
SC declines re-test of NEET UG, 2024

SC declines re-test for NEET UG 2024 due to insufficient evidence of systemic paper leak, affecting only 155 students and preserving the sanctity of the exam.

24 July, 2024 10:00 AM

TOP STORIES

supreme-court-allows-compounding-of-offence-in-cheque-dishonour-case
Trending Judiciary
SUPREME COURT ALLOWS COMPOUNDING OF OFFENCE IN CHEQUE DISHONOUR CASE [Read Judgement]

Supreme Court allows compounding of offence in cheque dishonour case, emphasizing the priority of compensatory aspects over punitive in settlements.

19 July, 2024 09:12 AM
allahabad-hc-directs-passport-authority-to-decide-on-application-without-prior-court-permission-in-pending-criminal-cases
Trending Judiciary
Allahabad HC directs Passport Authority to decide on application without prior court permission in pending criminal cases [Read Order]

Allahabad HC directs Passport Authority to decide applications without prior court permission for individuals with pending criminal cases within a specified timeframe.

19 July, 2024 10:03 AM
restrictions-in-law-not-to-prevent-constitutional-court-from-granting-bail-if-right-to-speedy-trial-infringed-sc
Trending Judiciary
Restrictions in law not to prevent constitutional court from granting bail if right to speedy trial infringed: SC [Read Judgement]

SC affirms constitutional courts can grant bail despite restrictive laws if the right to a speedy trial under Article 21 is infringed.

19 July, 2024 10:17 AM
sexual-harrasment-charges-against-wb-governor-sc-to-examine-constitutional-immunity
Trending Judiciary
Sexual harrasment charges against WB Governor: SC to examine constitutional immunity

The Supreme Court will examine a plea to investigate sexual harassment allegations against West Bengal Governor C V Ananda Bose, challenging his constitutional immunity.

19 July, 2024 01:46 PM

ADVERTISEMENT


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email