(Image source from: Business-standard.com)
Tata Motors Announced EMI Holiday Scheme:- Tata Motors today introduced a special financing scheme for the vehicles Tiago, Nexon and Altroz. All the customers who are purchasing these vehicles can avail an EMI holiday for six months. All the customers purchasing these vehicles can purchase the vehicle at zero down payment and they can avail EMI holiday for six months. They can also access 100% on-road funding for almost five years of loan. Tata Motors announced about this in a statement today.
Tata Motors announced the offer saying that it is available with Karur Vysya Bank for all the eligible salaried and businessmen along with self-employed people. Tata Motors is also offering affordable loans and EMIs for up to eight years. Tata Motors also has interesting deals with multiple financing partners. With the coronavirus outbreak, the sales of four vehicles reached rock-bottom in the recent months. The domestic sales plunged down by 61%. 36,945 units have been sold between April and June last year but the sales this year are said to be 14,571. All this is because of the arrival of the crisis due to the coronavirus pandemic.