Honda Cars India has launched the ‘ Drive in 2022, Pay in 2023’ scheme; Targeted towards Honda City and Honda Amaze buyers, this new scheme is offered in association with Kotak Mahindra Prime Limited to introduce attractive Festive Car Finance.
Honda India has good news for the people looking to buy City and Amaze sedans, as the Japanese car manufacturer has launched a new scheme named ‘Drive in 2022, Pay in 2023’. Offered in partnership with Kotak Mahindra Prime Limited, the car finance scheme is valid for a limited time period.
‘Drive in 2022, Pay in 2023’ Finance Scheme: Details
As clear from the name itself, the scheme allows customers to buy a Honda car in 2022 and pay regular EMIs from the year 2023. Effective immediately from today i.e. October 3, 2022, the policy is only valid till 31st October 2022 and is limited to personal car buyers. Honda has only picked its top 2 models, namely the City and Amaze for this scheme and it will be valid for all the variants in the line-up. This festive season offer allows for financing of up to 85% of the on-road cost of a car with negligible cost EMI for the first three months and regular EMIs from the fourth month onwards till the end of the tenure.
Making the announcement, Mr Kunal Behl, Vice President, Marketing & Sales, Honda Cars India Ltd. said, “Honda Cars India is always committed to offer its customers, the best of buying convenience & ownership experience. With this partnership with Kotak Mahindra Prime Limited, our valuable customers will have a unique opportunity to buy their favourite Honda City and Honda Amaze now and make the payment later. We urge our customers to avail this scheme to its best and look forward to more customers joining our Honda family and discover the delight of driving a Honda car.”
Honda City and Amaze: Pricing and Powertrain
The Amaze compact sedan comes at a starting price of Rs. 6.63 lakh (ex-showroom), while the top-spec trim will set you back by Rs. 11.54 lakh (ex-showroom). The power source for the Amaze is 1.2-litre i-VTEC petrol and a 1.5-litre i-DTEC diesel engine. The former produces 90 bhp and 110 Nm of peak torque while the latter puts out a maximum power output of 100 bhp and 200 Nm peak torque. Transmission duties on both engines are done by a 5-speed manual and a CVT gearbox.
The 4th Gen City is priced from Rs. 9.50 lakhs to Rs. 10 lakh (ex-showroom). On the other hand, the City 5th Gen starts from Rs. 11.57 lakh and goes all the to Rs. 15.58 lakh (ex-showroom). The third iteration of City, the e:HEV is priced in the range of Rs. 19.89 to Rs. 19.95 lakh (ex-showroom).
The 4th Gen City is only offered with a 1.5 i-VTEC litre petrol engine putting out 119 bhp and 145 Nm of peak torque. The engine is mated to a 6-speed manual gearbox. The 5th Gen City gets the same petrol engine but comes with the option of a CVT transmission. Along with the petrol, the City 5th gen also gets the option of the 1.5-litre i-DTEC diesel engine mated putting out 100 bhp and 200 Nm peak torque.
The City e:HEV uses a 1.5 litre Atkinson Cycle 4 cylinder petrol engine paired to 2 electric motors. The combined power output from the system stands at 126 bhp and 253 Nm peak torque.