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Nissan and State Bank of India Enter Strategic Tie-Up to Offer Vehicle Finance Options in India

Nov 28, 2014   15:00 IST 
Mumbai, Maharashtra, India
  • Customers can avail the services across 15,000 plus branches  in India  

  • Loans will be offered at attractive interest rates on Nissan vehicles

  • Innovation and reach are at the core of this partnership

 

 

 

 

Nissan today, announced its strategic partnership with the State Bank of India (SBI) to offer its customers easy vehicle finance options across 15,000 plus branches in India. With the biggest retail financing network across India, SBI will enable Nissan to reach out to its prospective customers in the farthest corners of the country.

 

As per the agreement, Nissan customers can avail of vehicle loans from the leading public sector bank to purchase Nissan products at competitive rate of interest.

 

Announcing the partnership Arun Malhotra, Managing Director, Nissan Motor India Pvt. Ltd. said, “Nissan has made a strong commitment in India with an objective to make our products more accessible to Indian customers. Our partnership with SBI, which has the widest retail financing reach in India, will strongly support us in this commitment. Our customers will benefit from the growing portfolio of product from Nissan and Datsun brands and now can avail flexible finance options to suit all budgets. Nissan has one of the fastest expanding dealer networks today and our partnership with SBI will further enhance our accessibility.

 

SBI’s Ms Anuradha Rao said, “We are delighted to partner with Nissan in India. As per our agreement, Nissan customers will have access to our most attractive car loan schemes to purchase Nissan vehicles and this is available across our 15,000 plus branches across India. The core value of our partnership is about making innovative products accessible to customers to the farthest corner of the country at affordable and easy terms. SBI will offer longest repayment tenure of 7 years to Nissan vehicles. The loans will be offered as Term Loan or as Overdraft.  Currently, the loan is available with interest rate as low as 10.40% p.a for women and 10.45% p.a for men with a full waiver of processing charges.”

 

Success in India is critically important to Nissan’s global business expansion and the organisation is determined to become a major force within the market in coming years with an ongoing expansion of cross-segment product offerings, network expansion and localisation. Nissan has one of the fastest growing distribution networks in the industry having established 100 sales touch points in under four years.   

 

About Nissan Motor India Pvt. Ltd.:

Nissan Motor India Private Ltd. (NMIPL) is a 100% subsidiary of Nissan Motor Co. Ltd. Japan. The company was incorporated in 2005 and offers innovative and exciting products across hatchback, MUV, SUV and sedan segments in India. Nissan together with its global alliance partner Renault set up a manufacturing plant and a Research & Development Centre near Chennai. Nissan in India has a portfolio of two brands, Nissan and Datsun. NMIPL registered sales of 38,217 units in FY 2013. For more information, visit www.nissan.in.

 

FOR FURTHER INFORMATION PLEASE CONTACT:

Mr. Sushant Balsekar / Mr. Vijayendra Vikram Singh / Ms. Ghazal Javed

Nissan Motor India Pvt. Ltd.

Tel : +91-22-66208876 Mobile : +91-9920078432/ +91-9819931183/ +91-9920604494

Email: sushant.balsekar@email.nissan.in / vijayendra.vikram@email.nissan.in / ghazal.javed@email.nissan.in

 

Mr. Shaveer Sherdiwala / Ms. Rujuta Kothari

Adfactors PR Pvt. Ltd.

Mobile: 8097990215 / 9920607446

Email : shaveer.sherdiwala@adfactorspr.com / rujuta.kothari@adfactorspr.com


 
 
State Bank of India
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