Honda 2Wheelers India adds new retail finance partner

Signs retail finance MoU with Tata Capital Financial Services Limited

New Delhi, Oct 11, 2019

  • Customers to benefit with saving starting Rs. 5,000 *
  • Key Highlights: Loans up to 100% of vehicle cost, Zero down payment, attractive interest rate, loan tenure of 36 months

New Delhi, Oct 11, 2019: Strengthening further its retail finance options for customers, Honda Motorcycle & Scooter India Pvt. Ltd. today signed a Memorandum of Understanding (MoU) for nationwide retail finance partnership with Tata Capital Financial Services Limited - one of the leading NBFCs in India.

Formalizing the partnership at the MoU signing ceremony were Mr. Yadvinder Singh Guleria, Senior Vice President – Sales & Marketing, Honda Motorcycle & Scooter India Pvt. Ltd. and Mr. Kusal Roy, Managing Director - Tata Capital Financial Services Limited with other dignitaries.

Elaborating on Honda’s latest two-wheeler retail finance partnership Mr. Yadvinder Singh Guleria, Senior Vice President, Sales & Marketing, Honda Motorcycle & Scooter India Pvt. Ltd. said,

“With increased cost of ownership, more and more two-wheeler customers are availing finance to own their favorite 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 Limited will be truly a win-win situation providing convenient finance options to our customers.”

The new MoU with Tata Capital Financial Services Limited coming into effect from today gives Honda customers extra benefits like attractive interest rate, loan up to 100% 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.

Speaking on the partnership with HMSI, Mr. Kusal Roy, Managing Director, Tata Capital Financial Services Limited, 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.”

Rs. 5,000+ savings for Honda customers

Extra benefits:

- Zero down-payment

- Low EMI scheme

Extra Comfort: Loan repayment tenure up to 36 months

Extra convenience: Quick Loan Approval in 1 hour

Tata Capital’s two – wheeler loans will cater to first time buyers with exclusive EMI options. There is a growing segment of customers who are upgrading their vehicles and can now invest in a new two-wheeler through a wide array of finance options.

About Honda Motorcycle & Scooter India Pvt. Ltd.

Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI) – the 100% subsidiary of Honda Motor Company, Japan (World’s No.1 two-wheeler company) started its Indian 2Wheeler operations in May 2001. In its 19th year, Honda 2Wheelers India has grown to become India’s Most Trusted two-wheeler brand with over 44 million happy customers. Honda gives customers true Power of Choice with its most diverse product portfolio of 26 two-wheelers including 9 automatic scooters (NAVi, CLIQ, Activa i, Dio, Aviator, Activa 5G, Activa 125, All new Activa 125 BSVI, Grazia), 11 motorcycles (CD 110 Dream, Dream Yuga, Dream Neo, Livo, CB Shine, CB Shine SP, CB Unicorn, CB Unicorn 160, CB Hornet 160R, X-Blade, CBR 250R), 6 big bikes (CB300R, CBR650R, Africa Twin, CB1000R, CBR1000RR, Gold Wing).

About Tata Capital Financial Services Limited.

Tata Capital Financial Services Limited ("TCFSL") is a subsidiary of Tata Capital Limited. The Company is registered with the Reserve Bank of India as a Systemically Important Non Deposit Accepting Non-Banking Financial Company (NBFC) and offers fund and fee-based financial services to its customers, under the Tata Capital brand.

A trusted and customer- centric, one-stop financial services provider, TCFSL caters to the diverse needs of retail, corporate and institutional customers, across various areas of business; namely the Commercial Finance, Infrastructure Finance, Wealth Management, Consumer Loans and distribution and marketing of Tata Cards.

* Saving varies as per loan amount and fitment of customer. The Rs. 5,000 saving is calculated for 50,000 loan for Honda 2wheeler for 36 months’ tenure.  

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