Honda, Toyota Reopen Shops, Renault’s 3-month EMI Holiday, Ford Endeavor Twin Turbo Diesel In
Honda And Toyota Reopen Dealerships For Sales And Service
Both the Japanese carmakers, Honda and Toyota, today opened up their dealerships. Honda reported that they’re opening 118 sales outlets and 155 service centres. Toyota reopened 171 showrooms and 146 service outlets for business. As expected, the rest of the outlets will resume operations in a phased manner. Dealerships and service stations will open or shut down depending on whether the local COVID situation is worsening or improving. Carmakers have laid out new SOPs to ensure safety for, both, the customers and employees.
For a detailed look at offers on Honda and Toyota cars for May 2020, check out the following links:
Renault Offering 3-Month EMI Holiday
To regain momentum, Renault is trying out the 3-month EMI holiday option. This option is available only if you opt for a loan with Renault Finance. The loan amount is capped at Rs. 4.5 lakh for Triber and Kwid buyers. The limit is Rs. 7.5 lakh for Duster buyers. You can avail this offer if the loan tenure is 36 months.
It doesn’t mean a saving of 3 EMIs for the buyers. It’s just a deferred payment schedule, which starts 3 months after the purchase allowing buyers some time to regain financial stability. Considering that Renault if offering loans at 8.99% interest rate, a 3-month delay costs Renault interest for that period. It totals to about Rs. 10,000 with the Rs. 4.5 lakh cap and Rs. 17,000 in case of the Rs. 7.5 lakh loan limit.
Renault Duster EMI Holiday Offer May 2020
If your dealer doesn’t offer Renault Finance option, then an exchange benefit of Rs. 5,000 is all you get. That’s – if – you go for an exchange.
Check out the Renault Offers page on their official website.
Or you can glance through the summary of discounts on Renault cars for May 2020: Offers on Renault Models for May 2020
Rumour – Next-Gen Ford Endeavour To Get Twin Turbo 2.0-litre Diesel Engine
Next-Gen 2022 Ford Endeavour Camouflaged
The next-gen Ford Endeavour is expected to get a twin-turbo version of the 2.0-litre turbo diesel engine. With the single turbo engine currently in use, it makes 170PS of power and 420Nm of torque. With a twin-turbo, it could deliver 213PS of power and it’s likely to make its debut with the next-gen model. For now, the current-gen model will retain the single turbo engine but the updated 2022 model could bring it to our shores.
Other than the Endeavour, Ford is also reportedly working on a couple of other SUVs for India. One of them is a mid-size SUV, which is based on the next-gen 2020 Mahindra XUV500. The other is a version of next-gen EcoSport which will use Mahindra’s 1.2-litre turbo petrol engine.