Tata Capital ties up with Carwale.com for search, loan ops
7 Aug 2015 6:05 AM IST
“This is a first-of-its-kind initiative taken by any firm where customers can not only search for right used or new cars but will also know the exact loan required for buying it on the basis of the EMI and other criteria,” Tata Capital Chief Operating Officer-retail business and housing finance Govind Sankaranarayanan told reporters here on Thursday.
The online store will provide consumers an end-to-end car buying experience from accessing reviews and ratings, comparing different models and customising their loan with multiple <g data-gr-id="18">flexi</g> EMI loan options available for repayment, he explained.
“It will also allow the user to search all new and used car options available within their preferred EMI range, a first and unique feature in the industry,” he said. Out of the total retail portfolio of Tata Capital, the auto segment contributes nearly one-sixth or around Rs 3,000 crore.
“Over the last one year, we have seen a significant spurt in the used car market as more and more youth are aspiring to buy such vehicles instead of going in for new cars. It has grown almost five times and its contribution in our portfolio is around Rs 700 crore. We will continue to focus on the used market, but through this new launch, we will also be able to significantly tap the new car market,” Sankaranarayanan added.
Maruti plans 100 NEXA showrooms
Maruti Suzuki India Limited (MSIL)is planning to have 100 exclusive NEXA showrooms across the country by the end of this financial year, a senior official said here on Thursday. NEXA, Maruti’s new premium sales channel, would go beyond selling premium cars in a bid to transform the company from “budget car manufacturers” to a crucial player in the premium car market in India, senior Vice President (New channel) Marketing & Sales Maruti Suzuki Partho Banerjee said here.
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