"The flexi EMI options are aimed to ease liquidity and repayment stress of customers during these tough times," the company said adding Axis Bank offers auto loans to a wide category of customer segments -- salaried, self-employed and with or without income proof customers.
Commenting on the partnership, MSIL Executive Director (Marketing & Sales) Shashank Srivastava said, "one of the impacts of COVID-19 pandemic has been change in people's behaviour when it comes to mobility. Concern over safety and maintaining social-distancing has uptick the preference for having a personal vehicle."
He further said, "we are confident that this association with Axis Bank will help our customers in offering convenient, affordable and cost-effective finance solution for buying cars."
Axis Bank Executive Director (Retail Banking) Pralay Mondal said the COVID-19 pandemic has created a need for more creative and flexible financing options and the bank's financing solutions will provide the much-needed hassle-free experience of car buying and financing.
Axis Bank is one of the key partners of Maruti Suzuki for dealer inventory as well as retail financing solutions.
The two partners will leverage the strong reach of over 3,000 Maruti Suzuki outlets and more than 4,500 Axis Bank's branch network to reach out to a wide cross-section of customers across the nation, the statement said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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