OTO Capital Launches Two-Wheeler Finance Services in Delhi, Auto News, ET Auto
Auto finance company OTO Capital said on Wednesday it had started services in the nation’s capital. OTO offers financing options for all major two-wheeler brands and has already partnered with 38 dealers in Delhi, the platform said in a statement.
The Delhi launch expands the geographic areas in which OTO currently operates and allows for a smoother and more efficient model for two-wheeler ownership, he said. “Delhi is a crucial market for two-wheelers with the largest number of vehicles registered in India. We are excited to venture into a new market and launch our offerings in the city.
“With our simple buying and financing experience, we hope to make the adoption of two-wheelers more convenient in the city and aim to increase the use of electric vehicles across India,” said his co- founder Sumit Chhazed. The company said it has received more than 60 new listings for Delhi showrooms and more than 300 inquiries about financing options for two-wheelers in the city or at dealer showrooms.
However, as consumers now prefer online shopping methods and showroom visits are not as frequent, OTO allows its customers to purchase vehicles by putting its entire range of vehicles online. two-wheelers, he said. The company added that home delivery and free home trial options are also available in the city now.
OTO Capital offers financing options for two-wheelers in which buyers prepay the same amount as other loans, but pay 35% lower IMEs and have the option of owning the two-wheeler at the end of the loan period. mandate by paying the remaining amount or by reselling it to OTO. With more than 300 partner dealers, OTO has financed more than 6,000 two-wheelers, the company said in the statement.
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