Tata Motors Passenger Vehicles Business joins hands with HDFC Bank to provide exclusive festive financing offers to its customers

Mumbai: Tata Motors, India’s leading automotive brand, in collaboration with HDFC Bank has rolled out exciting finance offers for its passenger vehicle customers. In a bid to make their products more accessible while contributing to the enthusiasm of this year’s festive season, the Company has introduced 2 new schemes in association with the Bank - the ‘Gradual Step Up Scheme’ and the ‘TML Flexi Drive’ scheme. Available till the end of November 2020, these offers can be redeemed on the entire New Forever BS VI range of cars and SUVs along with the company’s EV range.

Details of the schemes:

Scheme 1 - Gradual Step Up Scheme
Under this scheme, customers can now avail EMI options as low as INR 799/- per lakh per month, depending on the product and variant at an attractive interest rate. As per the scheme, the EMI payments gradually increase over a period of 2 years depending on the payment convenience of the buyer. This scheme will help customers fast track their buying process, in turn making personal mobility available to all at pocket friendly rates.

Scheme 2 – TML Flexi Drive
According to the Flexi Drive scheme, the option to the consumer is to choose any 3 months every year, where he/she can pay minimum EMI (INR 789/- per lakh per month, depending on the product and variant) as per his/her convenience. The above scheme will help the customer map their EMI payment properly so that they can tide over the high outflow months easily, giving the customer the flexibility and power to choose.

Commenting on the roll out of these finance scheme offers, Mr. Vivek Srivatsa, Head - Marketing, Passenger Vehicle Business Unit, Tata Motors said, “We are humbled to be partnering with HDFC Bank to roll out exciting offers for our customers. This is in alignment with our constant endeavour 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. We hope, that these offers will boost customer morale and make the process of purchasing a car more convenient, thereby allowing them to truly celebrate the festivities with their friends and families.”