Left Menu
Development News Edition

M&M offers its personal vehicles range on monthly subscription

PTI | Mumbai | Updated: 12-09-2019 15:49 IST | Created: 12-09-2019 15:49 IST
M&M offers its personal vehicles range on monthly subscription

Home-grown auto major Mahindra & Mahindra rolled out on Thursday a subscription-based service for retail buyers of its personal range of vehicles to boost plummeting demand. The vehicles under the scheme, which has initially been launched for its customers in Delhi (NCR), Mumbai, Pune, Bengaluru, Hyderabad, Kolkata, Chandigarh and Ahmedabad, will be available at a subscription price starting from Rs 19,720 per month, the company said in a release.

The scheme covers models like KUV100, XUV500, XUV300, Scorpio, TUV300, Marazzo and Alturas G4, which will be available for a period of one to four years in case of a new car, it said. We are introducing an all-new subscription model for retail customers of our personal vehicles. With this flexible, affordable offering, we hope to help our customers fulfill their aspiration of driving their desired vehicles without necessarily owning them," said Veejay Ram Nakra, chief of sales and marketing for the automotive division at M&M.

With plummeting sales month after month, domestic automobile makers and retailers are struggling hard to clear inventory at the plants and in showrooms and wooing customers with lucrative offers. Domestic passenger vehicles sales witnessed its worst-ever fall in August, slumping by 31.57 per cent to 1,96,524 units from 2,87,198 units in the year-ago period.

The scheme comes with offers such as zero down payments, no road tax, zero risks on the resale value of the vehicle, and a fixed amount that includes routine maintenance costs, the company said in the release. Most importantly one has the flexibility to change the vehicle model after a certain minimum subscription period, it added..


TRENDING

OPINION / BLOG / INTERVIEW

South Africa's COVID-19 response: Surprising outcomes or just poor data management?

South Africa has been committed to improving its health information system and shows that a robust digital has considerable scope to improve healthcare for the entire population. But the COVID-19 pandemic has highlighted that significant ga...

Post-COVID-19 Nigeria needs a robust Health Management Information System to handle high disease burden

Nigeria is among a few countries that conceptualised a health management information system HMIS in the early 90s but implementation has been a challenge till date. Besides COVID-19, the country has a huge burden of communicable and non-com...

Morocco COVID-19 response: A fragile health system and the deteriorating situation

Learning from its European neighbors, Morocco imposed drastic measures from the initial stages of the COVID-19 outbreak to try to contain its spread. The strategy worked for a few months but the cases have surged after mid-June. In this sit...

COVID-19: Argentina’s health system inefficiencies exaggerate flaws of health information system

You can recover from a drop in the GDP, but you cant recover from death, was the straightforward mindset of Argentinas President Alberto Fernndez and defined the countrys response to COVID-19. The South American nation imposed a strict...

Videos

Latest News

COVID-19: KoPT defers plan to reintroduce paddle steamer on Hooghly river

The lockdown has forced the Kolkata Port Trust, rechristened as the Syama Prasad Mookerjee Port, to defer its plan to bring back the heritage paddle steamer on the Hooghly river by this winter, an official said on Wednesday. The Paddle Stea...

Kansas woman gets life for decapitating ex-boyfriend's mom

A Kansas woman has been sentenced to life in prison for decapitating her ex-boyfriends mother with a pair of kitchen knives. Rachael Hilyard, 38, of Wichita, was sentenced Tuesday in the 2017 death of 63-year-old Micki Davis, The Wichita Ea...

Czech government declares state of emergency

The Czech government has declared a state of emergency because of a record surge of coronavirus infections. Health Minister Roman Prymula says it will be effective for 30 days, starting Monday.The new restrictive measures include a limit on...

Maharashtra's COVID-19 tally reaches 13,84,446 with 18,317 new cases; 481 deaths take toll to 36,662: state health department.

Maharashtras COVID-19 tally reaches 13,84,446 with 18,317 new cases 481 deaths take toll to 36,662 state health department....

Give Feedback