Sunday, 14 April 2013

Nissan offers up to 40% lower EMI options

The Japanese automaker, Nissan has launched a new finance scheme which will enable you to pay 40% lower EMI options, which as per the company would help its customers in easy financing options and in turn would boost the sales of the Japanese car maker due to falling demand due to weak sentiment.

“Market conditions are not good in terms of consumer sentiment. This scheme certainly offers an easier and affordable financing option to buyers,” Nitish Tipnis, Director - Sales and Marketing, Hover Automotive, which handles marketing, sales and after sales service for Nissan, said.

The new finance scheme would enable a person to pay apprx. 40% less EMI for all 36 months in case a person agrees to pay 34% down payment.

Nissan Motor India, the wholly-owned subsidiary of Nissan Motor, had last fiscal clocked 11 per cent growth in sales at 36,975 units against 33,270 units in FY12. Against this, the car sales contracted 6.7 per cent in FY13, the first de-growth in a decade.

Auto-makers are rolling out various schemes to woo customers in the wake of a contraction in sales. Car sales fell 6.7 per cent to 1.89 million last fiscal. In the previous fiscal, car sales had crossed 2 million-mark at 2,031,306 units.

According to the industry lobby SIAM (Society of Indian Automobile Manufacturers) projections passenger car segment is pegged to grow by 3-5 per cent, while the UV segment is likely to grow 11-13 per cent.

“Overall, passenger vehicle sales are estimated to rise by 5-7 per cent in this financial year,” the SIAM said.

Nissan has tied up with leading auto financiers such as HDFC Bank, ICICI Bank, Kotak Bank and Tata Capital to offer the scheme, Tipnis said.


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