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Tata Motors ties up with HDFC Financial institution for mortgage of passenger autos


New Delhi: Tata Motors on Saturday mentioned it has tied up with HDFC Financial institution to finance its passenger autos. The corporate has launched two schemes for financing autos below this alliance. Tata Motors mentioned in an announcement that two new schemes ‘Grazuel Step Up Scheme and’ TML Flexi Drive Scheme have been launched in collaboration with HDFC Financial institution to spice up gross sales and make merchandise simpler to achieve in the course of the festive season. The corporate mentioned that each these plans can be accessible by the top of November 2020. They are often availed on all automobiles, sports activities utility autos (SUVs) and electrical autos appropriate with Bharat Stage-6.

The corporate mentioned that below the Graduate Step Up scheme, shoppers can avail the minimal installment of Rs 799 per lakh monthly. The EMI will rely upon the mannequin and model of the car. Month-to-month installments will step by step enhance for 2 years in line with the client’s comfort. Beneath the TML Flexi Drive scheme, shoppers can select any three months of every yr during which they wish to pay the minimal installment.

The corporate mentioned that these schemes have been launched to supply ease to the shoppers in filling the installments of the car. Vivek Srivats, advertising head (passenger car enterprise), Tata Motors, mentioned, “It’s a part of our drive to make particular person autos simply accessible to the general public, so that buyers can benefit from their car within the festive season this yr.” Tata Motors additionally mentioned in an announcement that it’s offering mortgage of 100 % of the ex-showroom worth on all its passenger autos below each these schemes. (Company)

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