Maruti Suzuki has signed a MoU with Karnataka Bank under which customers can avail this facility at 858 urban, semi-urban and rural branches of Karnataka Bank.
Maruti Suzuki, the country’s leading automobile manufacturer, has said that it will increase the price of all its vehicles from April 1. These prices will be increased according to different variants and models.
The country’s leading car manufacturer is going to increase the price of its vehicles from April 1. But before that the company has partnered with Karnataka Bank for the convenience of its customers. With this, customers will be able to finance the car easily and can bring it to their home.
The company said that it has signed a memorandum of understanding (MoU) with Karnataka Bank under which customers can avail this facility at 858 urban, semi-urban and rural branches of Karnataka Bank. Under this partnership, customers can get a loan of up to 85 percent on the on-road price of all new cars from Maruti Suzuki ARENA and NEXA showrooms and opt for a period of up to seven years (84 months) to repay it.
Speaking on this partnership, Shashank Srivastava, executive director (marketing and sales), Maruti Suzuki India, said its main objective is to make vehicle buying journeys easy and affordable for the company’s customers.
He further said that the rapid technological development and behavior of new digital consumers is determining auto sales across India. In recent years, Maruti Suzuki has taken several initiatives, including the launch of digital smart finance platform. With this help, customers can buy new cars with attractive interest rate and customized EMI option.
Shashank further said that Maruti Suzuki has financed more than 9.7 lakh vehicles by partnering with partner financiers in the financial year 2020-21. He further said that we are confident that our new partnership with Karnataka Bank will help in fulfilling the financial requirements of the customers.
Along with this, Mahabaleshwar MS, Managing Director and CEO of Karnataka Bank said that our partnership with Maruti Suzuki India will further enhance the facilities for the customers. Karnataka Bank will provide loans to existing and new customers through an end-to-end digital platform.
Price of Maruti vehicles will increase from tomorrow
Let me tell you that from tomorrow, April 1, the prices of all Maruti Suzuki vehicles will go up. The company has announced this thing a few days ago. According to the company, this decision has been taken due to the increase in the price of components. Maruti Suzuki has said that the price will be increased according to the different models and variants.
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