MARUTI SUZUKI's new scheme, you will be able to buy cars by paying less down payment

HIGHLIGHTS: Maruti Suzuki may come up with a new scheme to increase car sales. Under which the down payment of the car can be reduced from 20 percent to 10 percent.

Maruti Suzuki may come up with a new scheme to increase car sales. Under which the down payment of the car can be reduced from 20 percent to 10 percent. Car sales are expected to increase by half the down payment amount. Currently, banks finance up to 80% of the on-road price of a vehicle. The remaining 20 percent is to be paid by the vehicle buyer. However, under the new scheme of Maruti Suzuki, customers will be able to buy cars. Also, the introduction of new emission norms BS6 will not directly affect the increase in the price of the vehicle. The scheme is part of the company's pilot project and is currently being worked on.

The burden on customers will be reduced directly

If you understand in easy language, till then you had to make a downpayment of 2 lakh on a car of 10 lakh, which will be reduced to 1 lakh rupees after the implementation of the new scheme. This will reduce the burden on the customers directly and a large number of customers can come forward to buy the vehicle. The year 2019 of the automobile sector has been quite bad. Many companies have had to stop production for some time. However, according to market experts, the growth in vehicle sales can be seen from March 2020 onwards.

Source: Web