The ongoing Corona virus pandemic has affected the life of almost every person in our country. Schools, colleges, factories, etc. had to be shut down because of this ongoing crisis. The nationwide lockdown and rise in number of COVID-19 cases have also affected the country economically. Car manufacturers have now resumed operation in their facilities and dealerships and are now coming up with offers to boost or elevate customer confidence. India’s largest manufacturer Maruti Suzuki has now collaborated with Axis Bank to offer easy financing options for the potential car buyers. Axis Bank is one of the key partners of Maruti Suzuki for dealer inventory as well as retail financing solutions.
Talking about this new initiative, Mr. Shashank Srivastava, Executive Director (Marketing & Sales), Maruti Suzuki India said,
One of the impacts of COVID-19 pandemic has been change in people’s behaviour when it comes to mobility. Concern over safety and maintaining social-distancing has uptick the preference for having a personal vehicle. We are confident that this association with Axis Bank will help our customers in offering convenient, affordable and cost-effective finance solution for buying cars. With this tie-up our customers will have a wide array of easy finance options to choose from.
Axis Bank will offer attractive flexi EMI options to ease the liquidity and repayment stress of customers during these tough times. Axis Bank offers auto loans to a wide category of customer segments: salaried, self-employed and with or without income proof customers. As a result of this collaboration, Maruti Suzuki customers will get attractive finance options like 100 percent on-road funding for salaried customers for 8 years, low EMI scheme for first three months starting at Rs 899 per lakh, Step-up scheme EMI starting at Rs 1,250 per lakh and so on.
Mr. Pralay Mondal, Executive Director (Retail Banking), Axis Bank said,
It’s always been our endeavor to engage with our esteemed clients and offer them customized finance solutions for different customer needs. Our primary objective has always been to provide ease and convenience for our customers. The COVID-19 Pandemic has created a need for more creative and flexible financing options for Maruti Suzuki car buyers and our best-in-class financing solutions will provide the much-needed hassle-free experience of car buying and financing.
Axis Bank has been working closely with Maruti Suzuki for years and this new collaboration will help more and more people to come forward to purchase cars from Maruti showrooms. The offer is valid till 31 July 2020.