In a bid to improve sales and cater to a wider market, Honda Cars India Limited has introduced a new scheme for both Amaze as well as City. Their scheme of 'Drive in 2022, Pay in 2023', allows the buyers to enjoy the hassle-free experience of owning a car without worrying about the EMIs for a few months.
The Japanese carmaker has partnered with Kotak Mahindra Prime Limited to introduce such a lucrative car finance scheme for personal buyers. It is applicable effective immediately across all Honda dealerships and branches of Kotak Mahindra Prime Limited branches.
Honda has cleared that this scheme is valid on all variants of the City as well as Amaze and is applicable till October 31, 2022. The bank can finance up to 85% of the amount (on-road cost) with negligible cost EMI for the first three months and regular EMIs from the fourth month onwards till the end of the tenure.
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Sharing details on the Amaze then it is made available with two engine options - 1.2L petrol and 1.5L diesel. Both engines are mated to a 5-speed manual transmission as standard and CVT as an option. Amaze rivals with Maruti Dzire, Hyundai Aura and Tata Tigor. This compact sedan is priced from Rs 6.65 lakh to Rs 11.52 lakh, ex-showroom, Delhi.
Honda City is a premium sedan that rivals Hyundai Verna, VW Virtus, Skoda Slavia and Maruti Ciaz. It is available with a petrol motor, diesel and a petrol-hybrid set-up. The price of fifth-gen City ranges from Rs 11.60 lakh to Rs 19.92 lakh, ex-showroom, Delhi.
Speaking about the initiative, Mr Kunal Behl, Vice President, Marketing & Sales, Honda Cars India Ltd. said, Honda Cars India is always committed to offer its customers, the best of buying convenience & ownership experience.
With this partnership with Kotak Mahindra Prime Limited, our valuable customers will have a unique opportunity to buy their favourite Honda City and Honda Amaze now and make the payment later. We urge our customers to avail this scheme to its best and look forward to more customers joining our Honda family and discover the delight of driving a Honda car.
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Speaking on the collaboration, Mr Shahrukh Todiwala, President & Whole Time Director, Kotak Mahindra Prime Limited said, We have always cherished our partnership with Honda Cars India Ltd. We hope that our tailor-made car loan scheme for Honda customers will add to their joy this festive season. We encourage car buyers to make the most of this scheme and own their dream Honda car through easy instalments.
This was all about the Honda Cars India financial scheme. Will you opt for this scheme? Do share your thoughts with us by joining our 91Wheels Telegram group. Here, we also share with you the latest news from the auto industry.
