Honda 2Wheelers India adds new retail finance partner

by Autocar Pro News Desk , 11 Oct 2019

L-R: Vineet Tripathi and Kusal Roy from Tata Capital along with Yadvinder Singh Guleria and Rajagopi from Honda 2Wheelers India at the MoU signing.

Leading two-wheeler maker Honda Motorcycle & Scooter India, today announced that it has signed a Memorandum of Understanding (MoU) for nationwide retail finance partnership with Tata Capital Financial Services, a leading NBFC in India, which will further help drive retail sales for the OEM.

The MoU signing ceremony saw attended by Yadvinder Singh Guleria, senior vice-president – Sales & Marketing, Honda Motorcycle & Scooter India and  Kusal Roy, managing director, Tata Capital Financial Services with other dignitaries.

Commenting on the partnership Yadvinder Singh Guleria said, “With increased cost of ownership, more and more two-wheeler customers are availing finance to own their favourite two-wheeler. We believe that with the transition to BS VI due soon, consumer shift towards finance will accelerate even more in coming year. This is where our partnership with Tata Capital Financial Services will be truly a win-win situation providing convenient finance options to our customers.”

Speaking on the partnership with HMSI, Kusal Roy said, “We are delighted to partner with Honda 2Wheelers India. This partnership will bring us the opportunity to meet diverse finance needs of Honda’s customers. We aim to grow through our innovative and customer centric loan offerings. We look forward to a mutually beneficial partnership with Honda 2Wheelers India.”

The company say the MoU coming into effect from today will give Honda customers extra benefits like attractive interest rate, loan up to 100 percent of two-wheeler value, repayment period of up to 36 months and low EMI scheme as per customer eligibility. As a preferred financial partner, Tata Capital will provide Honda 2Wheelers India customers with simple and fast disbursals with minimum documentation coupled with extra savings of Rs. 5,000 on an average loan. Tata Capital’s two-wheeler loans will cater to first time buyers with exclusive EMI options.