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Mahindra launches buy now, pay after 90 days scheme

The May sales of all the automobile manufacturers in India crashed due to the second wave of COVID-19 and related lockdowns across the country. Manufacturers are taking steps to reignite the sales this month. Mahindra, that is already enjoying long waiting periods, especially because of the newly launched Thar has added more incentives for the customers.

Mahindra launches buy now, pay after 90 days scheme

The Indian automobile major has announced new schemes for its customers. The “Own Now and Pay after 90 days” scheme allows the customers to buy any Mahindra vehicle and opt for EMI option on it. Mahindra will start charging the EMIs from the customers 90 days after the purchase. This will ensure that customers who are planning to buy new cars but do not have funds right now can enjoy this scheme.

Mahindra had also introduced its online buying platform last year during the pandemic. Now they have announced that customers who use the online platform will get additional accessories for Rs 3,000 on online booking. Also, there is a benefit of Rs 2,000 when the application for an online loan is sanctioned.

Customers can even convert the accessories, extended warranty and workshop payments in easy instalments. There is a dashboard of Rs 3,000 on such payments. At the dealerships, Mahindra is ensuring social distancing norms by offering QR-based payment systems, SMS based payment link and is accepting all popular digital wallets online and at the stores.

Mahindra launches buy now, pay after 90 days scheme

New Mahindra SUVs coming soon

With Mahindra’s new CEO announcing that the brand will exclusively focus on its core value products, which are SUVs, Mahindra announced new products in its pipeline. The Mahindra will launch a slew of all-new products in the Indian market in the next five years.

Mahindra will launch a Lite version of the Thar that will be powered by the 1.5-litre diesel engine that is available with the Mahindra Bolero. The brand will also offer a five-door version of the Thar in the market. It will be a more practical form of the SUV and will target the buyers who want to buy the Thar but also wants to use it as a family car. The new variants of the Thar will further increase its popularity in the market.

The manufacturer will also launch the all-new XUV700 in the market later this year. Mahindra had already announced the name of the W602 as the XUV700. It will become the new flagship product of the brand and will replace the XUV500 from the line-up. However, Mahindra will bring back the XUV500 in an all-new avatar. The all-new XUV500 will take on the likes of Kia Seltos and Hyundai Creta when it is re-launched in 2024.

Mahindra will also launch the all-new Scorpio in the Indian market. The all-new Scorpio will become bigger in size compared to the current-generation model and will also offer a slew of first-time features. Other than that, the all-new Bolero is also on the cards and will be launched by 2024.

There are two electric cars on the upcoming Mahindra list. One of the upcoming EVs will be the XUV300 EV while the other one will be the eKUV.