Nissan launches EMI scheme to promote sales of Sunny and Micra

Nissan Motor India Private Ltd. (NMIPL), a 100% subsidiary of Nissan Motor Co. Ltd of Japan, today announced a “lower than the lowest” Equal Monthly Installment (EMI) scheme for its potential customers in India.

This scheme is designed to reduce the monthly EMI outflow of the customer by up to 40% and the offer is valid till April 30, 2013, the company said in a statement.
 
EMI on the Micra (Petrol & Diesel) and Sunny Diesel is Rs 8,999 on a three-year loan, which is lower than the EMI of any other vehicle in these segments, the company claimed.

The customer has an option to choose down payment of 34% on the on-road price or exchange their old car and get an additional exchange bonus of up to Rs 50,000. The customer can also extend the scheme to include the customised EMI plan for the 36th month, it said.
 
Nitish Tipnis, Director - Sales & Marketing, Hover Automotive India (National Sales Company for Nissan India) said, “Our EMI Scheme offered last month was a huge success and reflected the sentiments of the customers, so we further enhanced the value proposition to make it more exciting and affordable.”
 

Nissan has tied up with all leading auto financiers such as HDFC, Tata Capital, ICICI Bank and Kotak Mahindra Bank. The customer will pay the respective financial institution an EMI for a period of 35 months and the EMI for the 36th month will be a larger amount EMI that can be customised to make it affordable, he said.