Maruti Suzuki India (MSIL), the country’s leading automaker, is set to launch a new finance scheme aimed at customers looking to upgrade to an SUV with an affordable EMI plan. This could be the perfect opportunity for SUV enthusiasts to purchase the Grand Vitara, as Maruti Suzuki is offering EMIs as low as Rs 9,999 per month. The flexible scheme is specifically designed to help owners of sub-4-metre cars make the switch to the Grand Vitara.
Maruti Suzuki’s new flexible EMI plan
Partho Banerjee, Senior Executive Officer (Marketing & Sales) at Maruti Suzuki India, explained that the new scheme is about 20% lower than the standard finance plans. He further stated that after 5 years or 75,000 km, customers have the option to return their vehicle to Maruti Suzuki and receive a guaranteed buyback value of 50% of the original vehicle cost.
With the exchange offer, the older car’s value will be considered as down payment for the new Grand Vitara and the valuation will be finalized based on the car’s age, mileage and the ownership history.
Banerjee said that Maruti Suzuki will initially launch this initiative in Delhi-NCR, Mumbai, and Bengaluru. Based on the results and feedback from this pilot phase, the company plans to expand the scheme to additional models, including the upcoming e-Vitara.
Maruti Suzuki Grand Vitara: Specifications, Safety
Maruti Suzuki recently launched an updated version of Grand Vitara starting from Rs 11.42 lakh to Rs 20.68 lakh, ex-showroom. The updated Grand Vitara is available in 18 variants spread across eight trims namely Sigma, Delta, Delta+, Zeta, Zeta (O), Zeta+ (O), Alpha (O) and Alpha+ (O). The updated Grand Vitara now comes with six airbags as standard across all variants. The standard safety suite includes an Electronic Stability Program (ESP) with Hill Hold Assist, front and rear disc Brakes, ABS with EBD, 3-point ELR seat belts (all seats), ISOFIX child seat restraint system and more.
The Grand Vitara is available in three powertrains — a 1.5-litre naturally aspirated petrol engine, strong hybrid and CNG. The standard version produces 102 bhp at 6000 rpm and 136.8 Nm at 4400 rpm. The strong hybrid version is powered by a 1.5-litre three-cylinder Atkinson cycle petrol engine with an electric motor. The petrol engine delivers 91bhp at 5,500 rpm and 122 Nm of torque between 4,400 and 4,800 rpm. The electric motor churns out an additional 79 bhp at 3,995 rpm and 141 Nm of torque. This setup is paired with an e-CVT transmission.Â
