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Tata Motors has launched a scheme that enables customers to buy a Tata Nano, the world’s cheapest car, on credit cards.
Further, it also enables potential buyers to convert the entire amount in monthly instalments at no interest over a period of 12 months and at equated monthly instalments of Rs 8,333 per lakh.
“This offer will enable customers to own a car in a fast and hassle-free manner. With the introduction of this offer, consumers get the benefit of converting the entire amount on the credit card into interest-free instalment, spread over a period of 12 months and manage their monthly cash flow better,” said Tata Motors President (Passenger Vehicles Business Unit) Ranjit Yadav.
The company has partnered with five banks - Axis Bank, HSBC Bank, ICICI Bank, Kotak Mahindra Bank and Standard Chartered Bank – for the scheme. The scheme is available in 26 cities and across 75 dealers.
The Tata Nano base model is priced at Rs 1.5 lakh (ex-showroom Mumbai) and the higher end is priced at about Rs 2.16 lakh
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