As the sales decline in the auto industry the efforts to merge with finances have increased so as their interdisciplinary approach is bought to use and both the firms can benefit.
Leading two-wheeler maker Honda Motorcycle & Scooter India, today announced that it has signed a Memorandum of Understanding (MoU) for nationwide retail finance partnership with Tata Capital Financial Services, a leading NBFC in India, which will further help drive retail sales for the OEM.
The MoU signing ceremony saw attended by Yadvinder Singh Guleria, senior vice-president – Sales & Marketing, Honda Motorcycle & Scooter India and Kusal Roy, managing director, Tata Capital Financial Services with other dignitaries.
Commenting on the partnership Yadvinder Singh Guleria said, “With the increased cost of ownership, more and more two-wheeler customers are availing finance to own their favorite two-wheeler. We believe that with the transition to BS-VI due soon, consumer shift towards finance will accelerate even more in the coming year. This is where our partnership with Tata Capital Financial Services will be truly a win-win situation providing convenient finance options to our customers.”
The company says the MoU coming into effect from today will give Honda customers extra benefits like attractive interest rate, loan up to 100 percent of two-wheeler value, repayment period of up to 36 months and low EMI scheme as per customer eligibility. As a preferred financial partner, Tata Capital will provide Honda 2Wheelers India customers with simple and fast disbursals with minimum documentation coupled with extra savings of Rs. 5,000 on an average loan. Tata Capital’s two-wheeler loans will cater to first time buyers with exclusive EMI options.
Tags : auto industry, Sales & Marketing, finance , Tata Capital Financial Services, EMI options,