News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 17 years ago
Rediff.com  » Business » Gift-a-Car scheme for NRIs takes off

Gift-a-Car scheme for NRIs takes off

By Archana Mohan in Ahmedabad
December 07, 2006 03:46 IST
Get Rediff News in your Inbox:

Maruti Suzuki's exclusive programme for Indians residing overseas, 'Dil Se' is finally finding favour with NRIs six months after it was launched.

The programme enables Indians residing overseas to gift a car to anyone residing in India and had found very few takers since its inception.

Originally targeted at young Indians working abroad and saving enough to buy a car for their family back home, the programme, has come out of its sluggish start and is evolving as a new revenue generating source.

"Six months back not many people were familiar with the concept of gifting a car sitting in another country, but in the recent times the number of enquiries have soared. From very modest sales, not less than six cars are being booked by NRIs everyday, which translates into monthly sales of at least 150 cars," I V Rao, chief general manager, engineering division, told Business Standard.

Get Rediff News in your Inbox:
Archana Mohan in Ahmedabad
Source: source
 

Moneywiz Live!