Toyota Will Provide 90% Financing to New Uber Drivers

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Toyota will provide 90% financing to new Uber drivers alongside giving on-road funding for them for buying Etios and Etios Liva

Toyota partners with app-based cab service Uber in India to provide financing solution to the new drivers. The Toyota Financial Services India Ltd. will provide up to 90% finance to the new Uber drivers who will buy Etios and Etios Liva. This finance scheme will cover price of car, accessories, service packages, road tax and insurance. So far, the company is describing it as end-to-end financing solution.

In recent years app-based taxi service has got enough mileage in metro cities as well as large cities across India. Toyota being one of the major players in the country sees opportunity to capture larger share in Indian market by tying up with Uber, which is why the company has tied up with Uber.

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Also read: 2016 Toyota Etios Platinum Test Drive Review: Refreshed and Stays Practical

Speaking about Toyota’s partnership with Uber Mr. N Raja, Director and Senior Vice President, Sales and Marketing, Toyota Kirloskar Motors Pvt. Ltd. has said that, 90% on-road funding scheme will lead to a positive growth in the ride-sharing market. He also believes that, this initiative is a big step toward changing dynamics of mobility needs of average Indian.

Mr. Amit Jain, President of Uber India has said that, Toyota cars are most popular ones on Uber platform across the world. He hopes in India too partnership with the Japanese automaker will help each other to grow in the country. The finance scheme will be available till December this year across India.

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Also read: Toyota Etios Platinum (Etios Facelift) Launched in India from Rs. 6.43 Lakh

Toyota has recently launched the all-new facelifted Etios Platinum in India in September. The car comes with revised exterior, and updated interior features. The front fascia gets plenty of chrome garnishing, V shaped grille with black inserts, and the bumper has been updated as well. Rear fascia of the car has received tweaked bumper. Also the car has received instrument cluster, new seats and rear armrest.