Now, Nano loan in 48-hours to boost sales

In a bid to push-up sales, Tata Motors, today announced a special finance scheme by which a customer will get a loan in 48 hours, for its small car Nano.

Tata Motors Finance (TMF) will provide finance up to 90 per cent for the Nano, at easy rates. TMF, which provides customer finance for all Tata Motors vehicles, is present in all the 540 passenger vehicles outlets of the company, Tata Motors said in a statement here.

Last week, the company announced a four-year or 60,000 kilometre manufacturing warranty on its small car Nano to woo customers.

"The Tata Nano will now come with a four year/60,000 km (whichever is earlier) manufacturer's warranty, at no extra cost. Besides being applicable on new deliveries, the warranty is also being extended to all existing owners of the car," the company said.

The company had said all new Nano customers will have an option to avail a comprehensive maintenance contract at Rs. 99 per month.

"These benefits will further enhance the satisfaction of Tata Nano users," it said.

From a sale of 9,000 units in July, Nano deliveries fell in every following month and touched a low of 509 units in November. Sporadic incidents of the small car catching fire have made it difficult for the company to push Nano sales, despite a number of assurances through various campaign initiatives.

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in reference to: http://profit.ndtv.com/news/show/now-nano-loan-in-48-hours-to-boost-sales-129455 (view on Google Sidewiki)