To make its New Forever range of Tata Motors cars and UVs more accessible in these challenging times, Tata Motors partners with the leading NBFC, Sundaram Finance.
As part of this partnership, Sundaram Finance will provide six-year loans on the New Forever range of cars and UVs with maximum financing, with a minimal down payment. In addition, the partnership also offers a unique financing ‘Kisan Car Scheme’ with extended and convenient repayment options for the farmers. As part of this, the farmers can repay the loan in instalments once every six months, coinciding with their harvest.
Rajan Amba, Vice President, Sales, Marketing & Customer Care, Passenger Vehicles Business Unit, Tata Motors, said the recent COVID-19 upsurge has impacted everyone and to help its passenger car family in these challenging moments, the company is partnering with Sundaram Finance to roll out special finance schemes. 'This is in alignment with our constant effort to fast track the availability of safe personal mobility solutions to individuals and families at pocket-friendly rates. We hope that these offers will boost customer morale and make the process of purchasing a car more convenient.”
A N Raju, Deputy Managing Director, Sundaram Finance, said that through a lower down payment model and a lower EMI, the company proactively reaches out to the small business owners, making car ownership more affordable.
In addition, Tata Motors has recently put in place a comprehensive ‘Business Agility Plan’ to protect and serve the interests of its customers, dealers, and suppliers for the well-being of its business and supporting ecosystem.