Hero MotoCorp has introduced a special Retail Finance Carnival in the Indian market. It offers a range of new and exciting retail finance schemes through Hero MotoCorp’s finance partners. Commencing from today, the Retail Finance Carnival will go on till the December 31, 2021. The Carnival allows customers across segments in the nation to have convenient access to finance and increases their purchasing power with attractive and first-in-segment offers such as zero down payment, zero rate of interest and zero processing fee.
In addition to the main offers, the Carnival also provides innovative financial products to customers, such as Kishan Kisht, No Hypothecation and Suvidha (no bank cheque). Hero MotoCorp has also launched an Aadhaar based loan application scheme, under which customers are only required to present their Aadhaar Card to be eligible for vehicle financing. Customers can visit authorized Hero MotoCorp dealerships and online channels to avail the schemes. Through this initiative, the company also aims to promote accessibility, availability, awareness and innovation in retail finance for customers across segments. We have seen several other automakers rolling out similar schemes for the buyers.
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Meanwhile, in other news, the Executive Committee of Society of Indian Automobile Manufacturers (SIAM), the apex body of the Indian automobile industry, has elected Mr Vinod Aggarwal, MD & CEO, VE Commercial Vehicles Limited (VECV) as its new Vice President for the current year 2021-22. VE Commercial Vehicles Limited (VECV) is a joint venture between the Volvo Group and Eicher Motors Limited. Mr Vipin Sondhi, MD & CEO, Ashok Leyland Limited served as the Vice President of SIAM from September 2020 till date. Change in Vice Presidentship has been done due to the resignation of Mr Vipin Sondhi from his position at Ashok Leyland. Mr Kenichi Ayukawa, MD & CEO, Maruti Suzuki India Limited is the President of SIAM.
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