From correspondents in Delhi, India, 12:29 PM IST

Hyundai Motor India Ltd. (HMIL), India’s largest auto exporter and the second largest car manufacturer, today announced a special finance scheme on all Santro Models for a limited period of 10 days.

This special financial scheme offers a low interest structure for all potential Santro customers. Under this offer, the interest rate for a loan amount up to Rs. 3 lakhs is 8.99% per annum for a tenure of 3 years, as against the prevalent industry rate of 15.5% to 16% per annum.

Commenting on the announcement, Hyundai Motor India Vice-President, Marketing & Sales Mr. Arvind Saxena said: “The interest rate on car loans has been on a rising trend. At Hyundai, our endeavour is to consistently come up with new and innovative schemes for our customers. The launch of this scheme is yet another step towards ensuring that we go that extra mile in providing our customers with an unparalleled overall experience.”

Source: Press Release Distribution via India PRwire