Nissan’s national sales company in India – Hover Automotive India – has announced a new preferential financier agreement with Tata Capital Financial Services Ltd making Nissan’s growing model range even more accessible to potential customers.The tie-up with Tata Capital – one of India’s leading financial solutions providers – will prove attractive to both private and fleet customers, and dealers, nationwide.
Under the terms of the agreement, Tata Capital will offer attractive 100% ex-showroom funding on the purchase of Nissan models and salaried customers can avail loans without any proof of income.
Tata Capital will also offer maximum loans of up to 90% to fleet owners/operators and support all Nissan dealers with term loans and inventory funding for working capital needs. All auto loans will be provided to customers & dealers at prevailing market rates of 11 to 11.5%.
In addition, a range of flexible retail finance products will be introduced for various customer segments.
Mr. Nitish Tipnis, Director – sales & marketing, HAI said, “The partnership with Tata Capital underlines Nissan’s commitment to make its cars affordable and accessible across all regions.We are doing this by offering a range of attractive loan and funding options, providing an ever expanding and innovative choice of vehicles across a variety of segments and by having one of the fastest growing dealer networks in the country. This announcement with Tata Capital represents an important development for Nissan in India.”
Mr R. Vaithianathan, Head – consumer finance and advisory business – Tata Capital said, “We are happy to partner with Nissan. We are confident that together with Nissan, Tata Capital will be able to offer innovative solutions, that will benefit customers and the auto industry.”