Latest Car News in India

Saturday, October 20, 2012

By Pawan Rana

Mahindra & Mahindra inks deal with UCO Bank

If you wish to drive home all new Mahindra vehicle this Diwali and are just short of funds, you should be searching the nearest UCO Bank branch. The reason behind this is that Mahindra has signed MoU with UCO Bank thus making the latter as its preferred financer. With this, it will be not only be easier to get Mahindra commercial vehicles in India financed by UCO Bank but it is also expected that the bank will soon be offering new special interest rates on car loan.

Mahindra XUV 500 Pictures

See More Mahindra XUV 500 Photos Get Mahindra XUV 500 Price

It is reportedly known that there is a sudden spur in demand for Mahindra cars in India and it will be a boon both to the car maker as well as the bank as the time ahead is that of high demand for cars in India. Already, Mahindra is offering the Mahindra Verito at an attractive EMI of Rs 6999 and at this EMI, the car becomes highly affordable. Meanwhile there are similar offers on the Mahindra Xylo, Mahindra XUV 500 and Mahindra Scorpio. With these offers and attractive pricing of its cars, no doubt Mahindra will be able to get a major chunk of car buying this festive season.  

Mahindra Quantro Pictures

See More Mahindra Quanto Photos Get Mahindra Quanto Price

With an aggressive launch strategy already in place and ahead, Mahindra is all set to advance to be a competitor of Maruti and Hyundai in India. The Mahindra Quanto and Mahindra Rexton are in and now the Mahindra Reva NXR and the Mahindra Verito CS are awaited this festive season. Meanwhile, some auto industry experts also suggest that Mahindra could also launch a hatchback car this year in order mark its entry into this segment that is still untouched by the car maker. However, the Quanto SUV has the genes of both a hatchback and SUV but a true small car is what is expected next from Mahindra.

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