Indian two wheeler giant TVS Motor Company has introduced a first-of-a-kind ‘Buy now Pay after six months’ EMI scheme for its popular moped TVS XL100.
Once the customer avails the scheme after buying TVS XL100, they are offered a moratorium of six months before the commencement of EMI payment.
In effect, the customer is benefitted with a six-month holiday from EMI. The Loan to Value (LTV) for this scheme will be 75%.
This scheme is in-line with TVS Motor Company’s endeavour to create innovative and affordable mobility solutions. It will allow the customers to buy vehicles for their immediate requirement. The scheme will run through July 31, 2020.
TVS XL100 is powered by a high spark energy engine, which offers solid performance with great pick up, 99.7cc four stroke engine with maximum power 3.20kW (4.3 bhp) @ 6000rpm and maximum torque 6.5 Nm @ 3500 rpm.