Tata Motors has come up with a new scheme to promote sales and motivate people who are planning to buy cars. The Tiago – Tata’ entry level offering – is now available at an EMI as low as Rs. 5,000. Wondering how the EMI scheme works? Read on!
Tata Motors has announced a new EMI scheme specifically for the Tiago hatchback. It is being offered as part of a package that is called ‘Keys to Safety’. In this scheme, Tata is offering customised EMI offers starting at Rs 5,000. Buyer will have to pay only Rs 5,000 as EMI for the first six months from the date of purchase.
After six months, the EMI amount will gradually increase over the time of 5 years. And for the last EMI, Tata is offering three options to the buyers where they can either pay approximately Rs 90,000 and take the ownership or refinance the final EMI. The last option is to return the vehicle to Tata Motors Finance in case of a financial crisis.
As mentioned above, this offer is only available for Tiago hatchback is available for a tenure of 5 years for amount up to Rs 5 lakh. Other Tata Models except for Altroz premium hatchback are also attracting offers like 100 percent finance, additional benefit of Rs 45,000 for doctors, healthcare workers, police and other frontline workers and a maximum loan tenure of 8 years.
Tata Tiago is one of the cooler looking, fun to drive small hatchbacks currently available in the country. It is one of the safest car in the segment with features such as dual airbags, ABS and EBD as standard across the range. Earlier this year, Tata Motors launched an updated/facelifted version of the hatchback with a BS6 compliant engine. The exterior and interiors of the hatchback also got some updates to make it more relevant in the segment.
The car competes with cars like Renault Kwid, Maruti S-Presso in the segment. The car is now sold as petrol-only and the diesel engine that was offered earlier has been discontinued as it does not comply with BS6 emission norms. The Tiago’s 1.2 liter petrol engine makes 84 Bhp-115 Nm, and is offered with two gearbox options: a 5 speed manual and a 5 speed automated manual (AMT).
Tata Motors like many others have resumed operations of their select dealerships and are strictly following all the government guidelines to control the spread of virus. Tata even has launched a online digital retail platform ‘Click to Drive’ where one can easily, book, purchase and get their Tata car delivered at their place without actually visiting the showrooms.