TVS Motor Company has rolled out a first-of-a-kind ‘Buy now Pay after Six Months’ EMI offer in the Indian two-wheeler industry for TVS XL100. TVS’ workhorse is powered by a 99.7cc, four-stroke engine producing 4.3 bhp and 6.5 Nm of torque. TVS Motor Company’ attractive new EMI scheme is valid till July 31, 2020.
Once the applicable customer avails the scheme after the purchase of TVS XL100, they are offered a moratorium of six months before the commencement of EMI payment. In effect, the customer gets a six-month holiday from EMI. The Loan to Value (LTV) for this scheme will be 75 percent.
The TVS XL100 can trace its roots back to 1980 when the first TVS XL was launched in India. Ever since it has been one of the company’s most successful models of all time. TVS Motor Company claims to sell one every 40 seconds with over 1.25 crore customers.