Maruti Suzuki cars now come with 'Buy Now, Pay Later' option

Maruti Suzuki, in its bid to inject life into demand that has slumped over the last several weeks of national lockdown to check the spread of Covid-19 disease in India, has announced a partnership with Cholamandalam Investment & Finance Company Limited (CIFCL) under which select models will now be available with 'Buy Now, Pay Later' offer.

The offer is applicable on select models in both Arena as well as Nexa brands under the company, and on loan disbursement till 30th June 2020.

In a press statement issued, Maruti announced that customers opting to buy these select models can avail the option of paying EMIs after 60 days of loan disbursement.

The objective of the partnership with CIFCL, says Maruti, is to now offer customised auto retail financing solutions to retail buyers.

For people with plans of buying a new vehicle but under some degree of resource crunch amid the Covid-19 outbreak, the option to defer EMI payment could act as a convincing catalyst to not delay their purchase plans.

"The partnership with Cholamandalam Investment & Finance company Limited will boost convenience by offering customized retail financing to the customers," said Shashank Srivastava, Executive Director (Marketing & Sales), Maruti Suzuki.

"It is aimed to offer comfort to buyers who may have faced liquidity crunch during the Covid-19 lockdown". Desk: Asianet Online