Bikes/Two-Wheelers

Cash Crunch: Suzuki Motorcycle partners with Paytm and HDFC

Amidst dropped footfalls at showrooms and drop in sales (not just Suzuki) due to the cash crunch prevailing in the country, Suzuki Motorcycle has partnered with Paytm – an e-commerce and a payment gateway from NCR, and HDFC bank.

Prospective customers can book a Suzuki two wheeler by paying an amount of Rs 20,000 through Paytm and finance the remaining amount with HDFC, eliminating the need for any cash transaction. They would also get a Rs 3000 cashback from Paytm upon vehicle delivery. In addition, any Government employee or HDFC bank account holder can avail 100% finance for a Suzuki two wheeler from HDFC Bank.

Satoshi Uchida, Managing Director, SMIPL, said “We aim to limit the impact of currency ban by providing our customers a convenient purchase alternative that is not dependent on availability of cash in hand. We will continue to stand with our patrons and ensure a delightful customer experience every time they visit our outlets.”

There’s also a limited period Low Down Payment Scheme with 90% finance for those who have income proof, but do not have an account with HDFC.

ETAuto

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