Nissan’s sales representative in India, Hover Automotive India has announced about its financier agreement with Tata Capital Financial Services Ltd in an attempt to make Nissan’s growing product portfolio more accessible to the Indian buyers.
Hover Automotive India is the sole and exclusive distributer of Nissan in India. The tie with the Tata Capital will attractive for both fleet and private customers. Under the agreement, Tata will be offering 100 percent showroom funding for purchasing new Nissan vehicles and customers could also avail the loan facility without showing their income proof.
Tata Capital will also offer maximum loans of about 90 percent to the owners and operators. It will also be supporting the Nissan dealers with the loans and inventory funding. All the loans will be issued to the customers at the market rate of about 11 to 11.5 percent.
Along with this flexible finance products will also be offered for the various customer segments. Mr. Nitish (director for sales and marketing HAI) said that partnership with the Tata capital will express Nissan’s commitment to make cars more affordable and accessible.