Toyota partners with Uber, provides 90% financing to new drivers

Toyota Financial Services will provide the on-road funding to those buying Etios and Liva models

Toyota Kirloskar Motor on Wednesday announced a partnership with ride hailing app Uber, giving 90 per cent funding to driver on the Uber platform to buy Etios and Liva models.

Toyota's Financial arm, Toyota Financial Services India Ltd. (TFSIN) will provide the funding on-road funding of the cost for first time drivers. The funding scheme encompasses vehicle cost, accessories, service packages, registration road tax and insurance. The scheme will be applicable till December.

Toyota Kirloskar Motor has collaborated with Uber offering major support to first time aggregator customers through this scheme.

" We believe the 90% on road funding scheme will lead to a positive growth in the ride-sharing market. This initiative is another step closer to changing the dynamics of mobility needs of an average Indian and we are glad to be part of it. Fleet operators across India today have understood the value proposition of Etios. Etios & Liva have set a safety benchmark in the industry," said N Raja, Director & Senior Vice President (Sales & Marketing), Toyota Kirloskar Motor Pvt. Ltd said,

 

" Toyota vehicles are among the most popular cars on the Uber platform worldwide. We are proud to partner with Toyota India to boost grassroots entrepreneurship," said Amit Jain, president, Uber India.