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Current Affairs

‘Buy Now Pay Later’- By Maruti Suzuki and CIFCL

Current Context: Maruti Suzuki India Ltd has partnered with Cholamandalam Investment and Finance Company Limited (CIFCL) to launch Buy Now Pay Later finance scheme for its customers in order to make a purchase of its cars more financially convenient.
‘Buy Now Pay Later’- By Maruti Suzuki and CIFCL
  • The scheme has been launched because of the sharp decline in the sale of cars in the lockdown situation caused due to the pandemic COVID-19.
  • Under this scheme, customers have the option to avail 60 days surcharge on their EMI.
  • The scheme is applicable on selective Maruti Suzuki Models and is applicable on loan payments on or before 30th June 2020.
  • Static Part: 
    • Headquarters of CIFCL– Chennai TN
    • MD of CIFCL – Arun Alagappan
    • Headquarters of Maruti Suzuki India Ltd: New Delhi
    • MD and CEO of Maruti Suzuki India Ltd: Kenichi Ayukawa

Question: 

Q.1 Which vehicle manufacturer partnered with Cholamandalam Investment and Finance Company Limited (CIFCL) to launch Buy Now Pay Later finance scheme?
a. Maruti Suzuki India Ltd
b. TATA Motors
c. Mahindra
d. Hyundai India
‘Buy Now Pay Later’- By Maruti Suzuki and CIFCL ‘Buy Now Pay Later’- By Maruti Suzuki and CIFCL Reviewed by Neha Verma on May 24, 2020 Rating: 5

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