In view of the fact that government employees are due to receive the arrears of their salaries after revision in the Sixth Pay Commission, the arrears can be utilised as the down payment for purchase of the car and the revised salary increment will help them to accommodate their monthly EMI's. The scheme will be run through October and November, 2008.
Hyundai has tied up with State Bank of India, Axis Bank and HDFC Bank to provide with attractive finance schemes for the government employees for their vehicle purchase.
Announcing the scheme, Arvind Saxena, Sr. Vice-President for Marketing & Sales, HMIL, said: "We are pleased to offer this special scheme to all the government employees' who will soon be enjoying the benefits of their Sixth Pay Commission arrears. It is an attractive scheme and this will be an added incentive for them to purchase a Hyundai car in this festive season."