Tata Motors to buyback Manza cars; return 60% value after 3yrs
New Delhi: In order to revive falling sales, Tata Motors has come out with a new scheme for its Manza sedan buyers, who will get back 60 percent of the purchase value if they re-sell the car to the company after three years.
The company on Wednesday also introduced another offer, under which customers can now swipe their credit card and drive out in a Nano on the same day and convert the entire amount in monthly instalments at no interest over a period of 12 months at an EMI of Rs 8,333 per lakh.
"Tata Manza has...Introduced the 'Club Class Buyback Assurance'. With the Club Class Buyback Assurance, Tata Motors offers its customers 60 percent of the purchase price after three years," the company said in a statement.
Earlier this week, Tata Motors had slashed prices of its Indica and Manza range of passenger cars by up to Rs 50,000 in order to prevent falling sales in recent months.
With this, the Manza is now available for Rs 6-8.14 lakh (ex-showroom, Delhi).
Tata Motors' sales have been falling drastically in the recent months. In February, the total passenger vehicle sales in the domestic market stood at 10,613 units, down 69.53 percent from 34,832 units in the same month last year.