Tata Motors and HDFC Brings Festive Financing Schemes for Passenger Vehicles

Tata Motors has joined hands with HDFC Bank for easy financing of its passenger vehicles.

The Joint Venture of Tata Motors and HDFC has come up with two new schemes to ramp up the sales graph in the festive season:

1. Gradual Step Up Scheme

With this scheme, HDFC offers an EMI option of as low as Rs 799 per lakh per month, depending on the product and variant. As informed, the EMI payment further increases over the next 2 years based on the payment convenience of the buyer.

2. TML Flexi Drive Scheme

Flexi Drive scheme allows the buyer to choose any three months every year, where they can pay a minimum EMI of Rs 789 per lakh per month, depending on the product and variant. This will help the buyers to manage their finance based on the cash inflow and market conditions.

Additionally, Tata Motors is also providing up to 100 percent ex-showroom financing on the entire PV product range under both schemes.

These schemes are available till the end of November 2020 and are expected to benefit the customers of an entire range of BS-VI range of cars and SUVs along with the Electric Vehicle range from Tata Motors.

Commenting on the collaboration, Vivek Srivatsa, the head - marketing, passenger vehicle business unit of Tata Motors says,

"This is in alignment with our constant endeavor to make safe personal mobility solutions more affordable and accessible to individuals and families while contributing to the joy of this year's festive season."

HDFC Bank country head - retail lending Arvind Kapil said,

"We believe this partnership offers affordable and viable financing solutions, in that, creating a valuable proposition for our customers, thereby facilitating the ownership of their dream car."

We Wish you bring all the Joy, happiness, and Passenger Vehicle home in this festive Season