The country's largest carmaker Maruti Suzuki India on Friday announced a partnership with Cholamandalam Investment & Finance Company Ltd to provide customised auto retail financing solutions to retail buyers.
The new solution 'Buy-Now-Pay-Later Offer' is aimed to provide customers with easy financing options, Maruti Suzuki India (MSI) said in a statement.
Under the partnership, the companies are also offering a two-month deferment of Equated Monthly Installment (EMI) to car customers who currently are under resource crunch amidst the Covid-19 pandemic, it added.
The new solution will allow customers to start paying the EMIs after 60 days of loan disbursement. The