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Car makers provide e-payment option to buyers post demonetization

Snapshot: Renault India has announced that it has opened up for cashless transactions for all the customers making new purchases or availing the post sales services. Hence, in order to facilitate such e-payment modes, the French automobile maker is offering booking and payment options through PayTM and PayZapp e-wallet, an HDFC e-wallet scheme.

To grab the buyer’s attention and to lure them into buying their cars, Renault, Nissan and Honda have joined hands with banks and e-wallet payment gateways to offer its customers a cashless and hassle free facility, besides offering fully financed car loans, post demonetization.

Renault India has announced that it has opened up for cashless transactions for all the customers making new purchases or availing the post sales services. Hence, in order to facilitate such e-payment modes, the French automobile maker is offering booking and payment options through PayTM and PayZapp e-wallet, an HDFC e-wallet scheme. For post sale services, the company has extended its cashless payment scheme to the use of cheques, demand-drafts, e-wallets and instant fund transfer. The company has said in a statement that this decision has been taken as a strategy to provide leverage to the growing preference towards cashless transaction in India. Moreover,the company has also successfully negotiated with the banks and are offering 100 per cent on-road loans for all the Renault cars. All of these facilities will be available to the customers without any processing or transaction charges.

On a similar note, Nissan and its subordinate brand, Datson, are also offering cashless transactions through e-wallets, cheques and plastic cards. Moreover, these two Japan-rooted car makers have stepped a notch ahead and have announced that it will be offering free towing of all its car models that are within the warranty period, therefore ensuring the convenience of customers in cases of emergency situations. Nissan India’s Managing Director, Arun Malhotra, has quoted that they want to provide a very delightful experience to all its customers every time they enter any Nissan or Datsun dealership across India.

Similarly, Honda has tied up with three nationalised banks, Axis, HDFC and ICICI, and will be providing 100 per cent loans on exclusive showroom and on-road funding on various models.

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