Mahindra & Mahindra offers Special Benefits for Doctors, Cops & Women

Mahindra & Mahindra offers new finance schemes, special benefits for doctors, cops, women

Mahindra & Mahindra on Tuesday rolled out a range of new finance schemes, including special offers for the Corona Warriors and women buyers, such as 8-year loan term, 90-days moratorium* on payment and 100 per cent on-road financing, to help customers purchase its vehicle with ease amid the lockdown. These financing schemes deliver financial flexibility and empower the customers to own a Mahindra vehicle model at their convenience, the company said in a release.

"The introduction of these unique financing schemes is one more step by Mahindra to support its customers during these challenging times.

"The bedrock of each one of our schemes is to provide financial flexibility and peace of mind to our customers, especially for our Corona Warriors who are providing unparalleled support at this point in time," said Veejay Nakra, CEO (automotive division), M&M Ltd

*A moratorium period time is during the loan term when the borrower is not required to make any repayment. It is a waiting period before which repayment by way of EMIs begins.

Education loans provide this feature. This is because education loans are repaid by the students after they start earning and build their finances.

About Mahindra & Mahindra :

Mahindra & Mahindra

Mahindra & Mahindra Limited is an Indian Multinational Car Manufacturing Corporation headquartered in Mumbai, Maharashtra India. It was established in 1945 as Muhammad & Mahindra and later renamed as Mahindra and Mahindra. It is one of the largest vehicle manufacturers by production in India and the largest manufacturer of tractors in the world. It is a part of the Mahindra Group, an Indian conglomerate.

Mahindra & Mahindra was founded as a steel trading company on October 2, 1945 in Ludhiana as Mahindra & Muhammed by brothers Harikrishnan and Jayakrishnan and Jagdish Chandra Mahindra along with Malik Ghulam Mohammad.

Anand Mahindra, present Chairman of Mahindra Group, is the grandson of Jagdish Chandra Mahindra.

After India gained independence and Pakistan was formed, Muhammad emigrated to Pakistan. Muhammad acquired Pakistani citizenship and settled in Lahore, and in 1948 became Pakistan's first Finance Minister. Thereafter, the company changed its name to Mahindra & Mahindra in 1948.

It eventually saw a business opportunity in expanding into manufacturing and selling larger MUVs*, starting with the assembly under licence of the Willys Jeep in India. Soon established as the Jeep manufacturers of India, the company later commenced manufacturing light commercial vehicles (LCVs) and agricultural tractors.

*SUVs (sport utility vehicles) and MUVs (multi-utility vehicles)

Website : www.mahindra.com

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