BHOPAL: Honda Cars India Ltd. (HCIL) has announced 100 per cent on road and ex-showroom funding deals with the HDFC, AXIS and ICICI Banks. In the wake of demonetisation, HCIL believes that car sales would be adversely affected. The collaboration with the banks is intended to facilitate the car buyers in the currently prevailing circumstances.
Raman Kumar Sharma, senior vice-president and director, Honda Cars India Ltd. said, “In the wake of demonetisation of Rs 500 and Rs 1000 notes, the sales of cars will be affected and the purchases in cash are expected to go down. Also the margin money contribution will be affected for all the customers. To ease deal closure, we have negotiated 100 per cent on road and ex-showroom funding deals with HDFC, AXIS and ICICI Banks.”
The collaborations would facilitate both the salaried and the self-employed individuals and would cover all the models in the HCIL line-up and can be availed at all Honda dealerships across the country.
