Suzuki Motorcycle India Pvt Ltd has launched a new zero down payment scheme for its two-wheelers. Available for HDFC bank account holders, Suzuki is offering customers the option of 100 per cent finance for its entire range.
Under this scheme, customers will be able to buy a new Suzuki two-wheeler by paying just the processing fees and stamp duties for the loan, which works out to around Rs 3,500. Suzuki is also offering a five year warranty free of cost.
This initiative has been rolled out to counter the drop in sales post demonetisation. Last month, the two-wheeler industry witnessed a five per cent drop in sales. With December generally being a lean month for the industry, manufacturers are hoping to draw customers with such schemes aimed at simplifying cashless transactions.