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Hyundai Partners with HDFC for online financing solutions

New Delhi, June 19, 2020: Hyundai Motor India Limited (HMIL), country’s first smart mobility solutions provider and the largest exporter since inception, announced its partnership with HDFC Bank, offering industry-first online auto retail financing solutions to the customers on India’s only end-to-end online automotive retail platform ‘Click to Buy’.  


Under the ambit of this partnership, Hyundai will offer its customers customized car financing solutions from HDFC Bank directly on the ‘Click to Buy’ online car buying platform. Through this partnership, customers can opt for loans and get the requisite funding to complete life goals of buying their Favourite Hyundai car. The integration of HDFC Bank’s car finance solutions on ‘Click to Buy’ adds further comfort to customers as it eliminates the need for customers to visit HDFC Bank/ Branch to avail loans.


Commenting on the partnership, Mr W S Oh, Executive Director – Corporate Planning, Hyundai Motor India saidKeeping our promise of providing a holistic digital car buying experience to our customers, our partnership with HDFC bank will forge a new beginning for the customer purchase journey from any virtual location with the most lucrative finance deals. Since the launch of Click to Buy, we have received over 9 lakh visitors on the platform and have recorded over 17 000 Registrations in two months. 


Speaking on the alliance Mr. Arvind Kapil, Country Head for Retail Lending at HDFC Bank, "The partnership with Hyundai Motor India is in line with our belief that a digital eco-system needs to be created to enhance customer experience, particularly in the current environment. An eco-system that brings OEMs, dealerships and financiers together and enables a customer to purchase a new car sitting in the comfort of their homes. At the core of our digital strategy is Analytics and APIs .Analytics helps us understand our customers better and give them customized product offerings and services. While APIs enable us to create a seamless connection between various stake-holders keeping the customer at the center. We are happy to say the association with Hyundai Motor India is a win-win not just for customers but all players in the auto industry”


‘Click to Buy’ is designed to facilitate end-to-end retail of Hyundai cars online making owning a new car – contactless, safer, convenient and hassle-free. With ‘Click to Buy’ Hyundai is offering access to its complete range of car models and is the only platform that covers all stages of customer purchase journey in an even more seamless and convenient manner. Through this online car buying platform, Hyundai is offering customer delight with features such as on-road prices, dedicated sales consultants, online finance options, fastest loan approval for pre-approved customers, unique deal codes for customer discounts, estimated time of delivery, special online promotions, online booking for test drive cars (Fully Sanitized) and home delivery of completely sanitized cars.