Mumbai Tata Sons subsidiary Tata Motors said on Saturday that it has tied up with HDFC Bank to finance its passenger vehicles. Vivek Srivatsa, head of marketing (passenger vehicle business) of TATA Motors, said in a press release that this individual It is part of our campaign to make vehicles easily available to the public, so that consumers can take advantage of their vehicles in the festive season this year.
Srivats said that two new schemes ‘Graduate Step Up Scheme’ and ‘TML Flexi Drive Scheme’ have been introduced in collaboration with HDFC Bank to increase sales and make products easier in the festive season.
He said that both these schemes would be available by the end of November 2020. They can be availed on all cars, sports utility vehicles (SUVs) and electrical vehicles compatible with Bharat Stage-6.
Shrivats said that under the ‘Graduate Step Up Scheme’ consumers can avail the minimum installment of Rs 799 per lakh per month. These schemes have been introduced to provide ease to the consumers in filling the installments of the vehicle.
It is noteworthy that through this scheme, Tata Motors is offering the facility of providing loan of 100% of the ex-showroom price on all passenger vehicles.