Car makers lure customers with e-payments post demonetisation

To woo customers post demonetisation, auto makers Renault, Nissan and Honda have tied up with banks and e-wallets firms to offer cashless facilities and fully financed car loans. Renault India has announced cashless transaction for customers making vehicle purchases and availing after-sales services. In order to facilitate bookings and cashless payments, the company, which sells models like Kwid and Duster, is offering customers an option of paying the booking amount through Paytm and HDFC PayZapp e-wallets.

“This is a strategic move by Renault to leverage the growing preference for cashless transactions in India. In addition to this, Renault India is offering 100 per cent on-road funding across Renault’s product range to its prospective customers,” the company said. Renault is also extending cashless options such as the use of cheques and demand drafts, e-wallets, debit or credit cards and instant fund transfers for all after-sales services. “All these facilities will be available without charging any additional transaction fee,” it added.