Maruti Suzuki partners with Mahindra Finance for car finance schemes

Maruti Suzuki claims that in last five years, over six lakh Maruti Suzuki customers have financed their cars from Mahindra Finance.

 Maruti Suzuki India Limited (MSIL) on Tuesday has announced its partnership with Mahindra Finance to offer the customers car finance schemes.

As Maruti Suzuki says, through the partnership, the NBFC will offer the car buyers 'Buy Now Pay Later' scheme of 2 months, step-up EMI scheme with 6 monthly EMI increase, instant loan approval etc. The automaker also says that the schemes will be available for all Maruti Suzuki models.

Commenting on the partnership, Shashank Srivastava, Executive Director (M&S), Maruti Suzuki India, said, “Mahindra Finance is a very well networked NBFC across India and has the expertise in lending across all profiles including semi-rural, rural and no-income proof customers."

He also said, "More than one-third of Maruti Suzuki’s retail sales come from rural India. We are extremely confident that this alliance with one of India’s largest NBFCs will help in increasing easy finance availability to our customers in the current challenging situation arisen due to COVID-19 pandemic. Customers will benefit from the range of offers like Buy now and Pay Later, Step Up EMI, Balloon EMI etc."

Maruti Suzuki also claims that in the last five years, over six lakh Maruti Suzuki customers have financed their cars from Mahindra Finance.