Published On: Fri, Feb 14th, 2020

Honda 2-Wheelers signs MoU with Pine Labs, Auto News, ET Auto


HMSI claims that this will make the financing option easier for the buyers. Apart from that, this tie-up will offer the customers facilities like zero down-payment, zero hypothecation fee etc.
HMSI claims that this will make the financing option easier for the buyers. Apart from that, this tie-up will offer the customers facilities like zero down-payment, zero hypothecation fee etc.

New Delhi: Honda Motorcycles & Scooter India Pvt Ltd (HMSI) has signed a Memorandum of Understanding (MoU) with Pine Labs on Friday, to provide EMI options to the buyers who have debit and credit cars.

The two-wheeler manufacturer has claimed that the EMI facility will be offered to the customers across a range of 20 credit and debit cards.

HMSI also claims that this will make the financing option easier for the buyers. Apart from that, this tie-up will offer the customers facilities like zero down-payment, zero hypothecation fee etc.

Commenting on this partnership, Yadvinder Singh Guleria, Senior Vice President, Sales & Marketing, Honda Motorcycle & Scooter India Pvt. Ltd, said, “With the industry moving towards BS-VI era, two-wheeler prices are seeing upward revision of 10 per cent to 15 per cent. As a result, every second customer is now buying on retail finance.”He also said, “Adding another enabler, this partnership with Pine labs will simplify the buying journey of our customers. They can now avail instant EMI options at the point of purchase with zero down payment, zero waiting time for loan approval and instant delivery of their choice of two-wheeler besides no-documentation requirements.”





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