Companies & Sectors
Tata Motors to buyback Manza cars to boost sales

This offer is for those who buy the car in the next two months. The car should have a clean accident record and have a valid insurance cover, Tata Motors said

Passenger car maker Tata Motors has launched a new scheme for its Manza sedan buyers, who will get back 60% of the purchase value if they re-sell the car to the company after three years. The move is seen as an attempt to revive the decline in sales

    

“Tata Manza has introduced the “Club Class Buyback Assurance”. With the Club Class Buyback Assurance, Tata Motors offers its customers 60% of the purchase price after three years,” the company said in a statement.

 

This offer is for those who buy the car in the next two months. The car should have a clean accident record and have a valid insurance cover, the company added.

   

Earlier this week, the car maker had slashed prices of its Indica and Manza range of passenger cars by up to Rs50,000 in order to arrest falling sales in recent months. With this, the Manza is now available for Rs6-Rs8.14 lakh (ex-showroom, Delhi).

 

Tata Motors' sales have been falling drastically in the recent months. In February, the total passenger vehicle sales in the domestic market stood at 10,613 units, down 69.53% from 34,832 units in the same month last year.

 

The company on Wednesday also introduced another offer, under which customers can now swipe their credit card and drive out in a Nano on the same day and convert the entire amount in monthly instalments at no interest over a period of 12 months at an EMI of Rs8,333 per lakh.

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