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Tata Capital > Blog > Loan for Vehicle > Why Is Festive Season the Best Time for Purchasing Two Wheelers?

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Why Is Festive Season the Best Time for Purchasing Two Wheelers?

Why Is Festive Season the Best Time for Purchasing Two Wheelers?

Given the slew of festive offers on bike loans, Diwali might make a grand appearance on two wheels this year! Simply put, automotive manufacturers are offering an excellent chance for customers to take home motorbikes and scooters at great deals. So, if you are looking to move around independently, you might want to arrive on a bike, in style.

Anyway, the months from September to November are often awaited by those scouting the market for the perfect two-wheeler in India. Irrespective of how the calendar year fared, these festive months almost always see a spike in bike offers and two wheeler loans.

Customers making purchases during Diwali also expect timely deliverance of their new bikes since many consider these specific dates within these months to be auspicious. Therefore, the waiting period during festivities is relatively lower than the usual.

But, what precisely makes these few months of the year a suitable time for purchasing two-wheelers? Let’s find out.

Upcoming Two-Wheeler launches

In this festive season alone, leading two-wheeler brands like Royal Enfield, Bajaj Auto, TVS Motor, KTM, Honda, Hero MotoCorp, and Suzuki are launching brand-new vehicles. Many manufacturers are also refreshing their best-selling products like the TVS Sport, Hero Xpulse, and Bajaj Avenger series, with cosmetic upgrades, innovative colour schemes, and digital consoles.

Other new launches include - Aprilia SXR 160, Mahindra Gusto Electric, Tunwal Elektrika 60, Hero eMaestro, Hero Electric AE-3, and more. Clearly, the festive time is an excellent occasion to buy your dream ride with attractive festive offers on bikes.

Best Discounts and Offers on Bikes and Scooters

The latest and the most rewarding festival offers on bikes 2020 include attractive finance schemes with low down-payment options and reduced interest rates. Yamaha’s FZ and FZS scooter range allow savings up to Rs. 8,000 and gift vouchers worth Rs. 5,000. Apart from cash benefits, Hero MotoCorp is also offering corporate top ups. Most desired brands in the Indian two-wheeler industry such as TVS Motors, Honda, Suzuki, Hero MotoCorp, Bajaj Auto, Yamaha, Aprilla, Gemopai, and more are all presenting rewarding deals.

After scheduling launches during festivities this year, manufacturers will provide multiple Diwali offer on bikes. Buyers can access opening deals, pre-launch offerings, exchange deals, free accessories, attractive vouchers, loyalty exchange bonuses, and discounts accompanying the arrival.

Furthermore, lenders are offering competitive bike loan interest rates so that you can smartly manage your monthly expenses while also purchasing the two-wheeler of your choice. If you are looking to buy a new motorcycle or scooter this Diwali, TVS Motors and Hero MotoCorp are rolling out their bestselling models with minimal or no down payment options, points on digital payments, lucrative EMIs, e-cash, cashback benefits, and corporate discounts.

Such offers already on the play since Navratri will continue post-Diwali. So, if you too are eyeing high-performing bikes or scooters in the market, keep an eye out for deals that could interest you.

Amazing Deals on Two wheeler loans

Leading lenders are introducing special interest rates on bike loans for the festive season in an attempt to bolster consumption and consumer engagement. Add to it, waivers on processing charges, along with a more relaxed bike loan eligibility criteria have also become commonplace during this period.

However, this year financial institutions are going the extra mile to collaborate with merchants to offer cashback, substantial savings, and discounts to lure consumers into making big purchases.

As mentioned earlier, the Diwali season is also the time when financial establishments push their special loan offers. The offerings include tailored repayment schemes with increased flexibility, zero-per cent loans, pre-payment options without penalty, and comfortable EMI facilities.

If you want Yamaha’s new street racer, Royal Enfield’s cruiser, or any other much-awaited model now out in the market, the festive season is undeniably the best time. Bike festive offers are built to capture the spending needs and celebratory mood of the borrowers by providing personalised offers. You can opt for these schemes to significantly reduce the cost of borrowing and manage your festive expenses smartly.

Apart from competitive bike loan interest rates and numerous add-on benefits, financial institutions also serve you with a quick application process and minimal documentation requirements. Several lenders are also extending zero down payment bike loans for their customers. Buyers are able to finance their entire motorcycle purchase without shelling out any money in the beginning, and repaying through flexible EMI solutions later. These schemes give buyers a wide range of options that ultimately boost their savings in the long run.

Opt for Eco-Friendly BS6 Bikes this Diwali

Scoring an adventure tourer or a good city bike on the occasion of Diwali with exclusive deals is satisfying. Knowing that your buy is part of India’s step towards cleaner air, even better. Since the BS6 emission norms came into effect, the country’s leading brands like Bajaj Auto, TVS Motors, Suzuki, Honda, Hero MotoCorp, Royal Enfield, KTM, and more unveiled BS6 compliant bikes and scooters to update their line-ups.

You can pick from some of the most popular cruiser, commuter, premium, and performance motorcycles models featuring BS6 engines. With an assortment of Diwali offers on bikes, you can avail zero down payment vehicle loans and handle your expenses without denting your savings.

The trending BS6 models include Royal Enfield Classic 350, Yamaha FZ 25/FZS 25, Hero HF Deluxe, Bajaj Pulsar 150, KTM 200 Duke, TVS Apache RTR 160, Royal Enfield Himalayan, and many more. Buyers are eyeing these interesting newcomers and bestselling variants to ensure a check on air pollutants from their vehicle’s internal combustion. Experts suggest that the BS6-compliant bikes and scooters are more refined and fuel-efficient due to the revised fuelling set up and they run cleaner too.

Customers holding off their BS6 purchases for Diwali season are receiving bike festive offers and some brand-new deals. The bikes introduced recently with BS6 compliant engines now feature updates like multiple riding modes, better tyres, advanced oil-cooler, Glide Through Technology (GTT), anti-locking braking system, entirely new paint schemes, and other innovations.

Make Your Commute Safer with Your Own Two-Wheeler

Apart from abounding deals, special offers on two wheeler loans and a felicitous timing accompanying Diwali, commuters have another more convincing reason to buy a bike this time of the year. Yes, you guessed it right! We are pointing towards the ongoing COVID-19 pandemic. After more than six months of the novel coronavirus, increasing demand for personal mobility and lifestyle changes are inevitable.

Now that lockdown restrictions have eased off and several people are commuting to work, shops, restaurants, and gyms every day, they are opting for two-wheelers to ensure virus-free travel. Commuters are avoiding the use of public transit like metro, local trains, cabs, taxis, and buses to prefer the safer alternative of riding a bike.

According to a recent study by Motilal Oswal, leading two-wheeler makers from India saw a staggering increase of 14% in their sales. Likewise, Honda Motorcycle and Scooter India witnessed a 75% rise in test rides and a momentous 20% leap in enquiries for two-wheelers during the COVID-19. With demands for bike purchases greater than before, lenders are utilising the opportunity by providing appealing two wheeler loan solutions with add-on benefits to customers.

If you are thinking about owning a scooter or motorcycle to stay safe from the coronavirus, now might be the perfect time to make a call. You will be safe from crowded spots and can also carry disinfectant wipes, gloves, masks, hand sanitiser, and more to sanitise your bike regularly.

Whether it’s a quick trip to the medicine shop, a weekly outing to a departmental store for grocery shopping or a daily commute to the office during peak hours in the morning and at night, two-wheelers serve as the most reliable, practical, and budget-friendly means of transportation. With festival offers on bikes 2020, you can tick off the much-anticipated buy for the year on the occasion of Diwali.

Besides, by virtue of the phenomenal demand and prevalence of motorbikes and scooters in India, availing a bike loan is quick, simple, and requires minimal documents for verification. Numerous lenders are on a venture to provide the best and the most reasonable interest rates to their customers. A vast number of interested buyers and bike enthusiasts are already applying for a motorcycle loan in India, and as a result, the bike loan eligibility is easier now.

Want to Buy a Two-Wheeler this Diwali?

If you think you have found the bike of your dreams and want to bring the beast home this festive season, wait no more. With various Diwali offers on bikes and eye-catching vehicle loans, there won’t be a better time to make the purchase.

Are you looking for a lending institution of high repute? Your search ends at Tata Capital. With us, you can access a substantial loan amount with flexible tenure. Our loan process is hassle-free, and we also allow potential borrowers to apply online. We also offer a zero-down payment bike loan so that you can make your bike purchase without bearing any initial cost.

To know more about our two wheeler loans, log on to our website today!

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