Auto News

HAI Announces A new Agreement With Tata Capital

By Motortrend India Staff   |   22 January,2013

Hover Automotive India (HAI), Nissan’s national sales company in India, has announced a new agreement with Tata Capital Financial Services Ltd., which will make the model range of Nissan more accessible to the customers.

The term of the agreement depicts that they will offer attractive 100 percent ex-showroom funding on the purchase of any model of Nissan. Salaried customers can avail loans without any proof of income. Loans up to 90 percent can be availed by fleet owners/operators. Tata Capital will support all Nissan dealers with inventory funding and term loans. All vehicle loans will be provided at 11 to 11.5 percent rate of interest. A range of flexible retail products for various customer segments will be introduced shortly.

Mr. Nitish Tipnis, Director – Sales and Marketing, HAI said, “The partnership with Tata Capital underlines Nissan’s commitment to make its cars affordable and accessible across all regions. We are doing this by offering a range of attractive loan and funding options, providing an ever expanding and innovative choice of vehicles across a variety of segments and by having one of the fastest growing dealer networks in the country. This announcement with Tata Capital represents an important development for Nissan in India.”

The tie-up will be mutually beneficial. Tata Capital will be able to penetrate more into the automotive domain through the 82 outlet dealer network of Nissan. On the other hand this brand can reach out to more car enthusiast through Tata Capital’s 100 plus national branch network. Mr R. Vaithianathan, Head - Consumer Finance and Advisory business, Tata Capital, said, “We are happy to partner with Nissan. We are confident that together with Nissan, Tata Capital will be able to offer innovative solutions that will benefit customers and the auto industry.”

Related Content