Mumbai, Oct 11 : Strengthening further its retail finance options for customers, Honda Motorcycle and Scooter India Pvt Ltd (HMSI) on Friday signed a Memorandum of Understanding (MoU) for nationwide retail finance partnership with Tata Capital Financial Services Limited - one of the leading NBFCs in India.
Elaborating on Honda's latest two-wheeler retail finance partnership, Yadvinder Singh Guleria, Senior Vice President, Sales & Marketing, Honda Motorcycle & Scooter India Pvt Ltd said, ''With increased cost of ownership, more and more two-wheeler customers are availing finance to own their favourite two-wheeler.
''We believe that with the transition to BS-VI due soon, consumer shift towards finance will accelerate even more in the coming year. This is where our partnership with Tata Capital Financial Services Limited will be truly a win-win situation, providing convenient finance options to our customers.''
The new MoU with Tata Capital Financial Services Limited, coming into effect from today, gives Honda customers extra benefits like attractive interest rate, loan up to 100 per cent of two-wheeler value, repayment period of up to 36 months and low EMI scheme, as per customer eligibility.
As a Preferred Financial Partner, Tata Capital will provide Honda 2Wheelers India customers with simple and fast disbursal, with minimum documentation, coupled with extra savings of Rs 5,000 on an average loan.
Speaking on the partnership with HMSI, Vineet Tripathi, Head Sales, Tata Capital Financial Services Limited, said, ''We are delighted to partner with Honda 2Wheelers India. This partnership will bring us the opportunity to meet the diverse finance needs of Honda's customers through our innovative and easy to access loan offerings. We look forward to a mutually beneficial partnership with Honda 2Wheelers India.''
Tata Capital's two-wheeler loans will cater to first time buyers, with exclusive EMI options. There is a growing segment of customers, who are upgrading their vehicles and can now invest in a new two-wheeler through a wide array of finance options. (UNI)