Maruti Suzuki India Ltd.

BSE: 532500 | NSE: MARUTI
Large Cap | Automobiles - Passenger Cars
14200.70
-400.85 (-2.75%)
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Maruti Suzuki planning to offer fully-digitised financing options for car buyers

Date: 28-07-2020

Maruti Suzuki is planning to offer fully-digitised financing options for car buyers. The country's largest car maker that sells on an average one out of every two cars sold in the country has seen digital enquiries spike to over 45 percent during the lockdown months.

The company has already digitised as many as 21 of the 26 touch points in a car purchase journey, including documentation and payments. It has launched a pilot for a one of its kind finance marketplace on digital that assists a customer in the car buying process by providing digital easy finance. And hopefully over the next six months, it should move to fully digital financing options which will be an industry-first.

Maruti Suzuki India (formerly known as Maruti Udyog) is an automobile manufacturer in India. It provides passenger cars, utility vehicles and vans. The firm also offers pre-owned car sales, fleet management and car financing services.