Bajaj Gets into Financing for its Two Wheelers
Bajaj Auto Finance Limited has launched a unique financing scheme for its models. The company not only finances its two-wheelers but also extend free warranty on every Bajaj motorcycle. Bajaj Auto Finance aims to bridge the gap between the customers and lack of lenders in the market.
The extended warranty comes as an extra bonus to lure the customers to buy Bajaj vehicles. "For a loan of 36 months tenor the free extended warranty offered by Bajaj Auto Finance extends for the entire 36 months. The customer therefore needs to only ensure timely payment of EMI's while Bajaj Auto Finance largely takes care of the cost of vehicle maintenance," said K Srinivas, Vice President (Retail Finance).
IndusInd Bank to provide finance to TVS dealers
IndusInd Bank has tied up with TVS Motor Company for providing finance to the latter's dealers. 'While this tie-up will help the bank to escalate its realm of trade, it will enable TVS Motor Company to beef up its backward integration programme,' says a press release from the two companies. 'Our dealers will have access to ready finance from IndusInd Bank, to meet their working capital requirements,' said H S Goindi, President - Marketing, TVS Motor Co.
The tie-up will also include other avenues of cooperation, including the provision of consumer finance for TVS two-wheelers. 'There is an increased need for financing in this sector, and now is the time to demonstrate our support. The dealer financing model fits well with financing of the manufacturer and the consumer segment,' says Ramesh Ganesan, Head - Transaction Banking, IndusInd Bank.
[Via: indiaautomotive]
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