Cholamandalam Investment and Finance Company Ltd and Eicher Polaris Pvt Ltd have met an agreement to provide finance options for Multix. Multix, which has been unveiled recently, is India’s first personal utility vehicle and is aimed at independent businessmen.
As a preferred financer, Chola aims to provide appropriate, quick and easy access to attractive vehicle financing options to potential Multix’s customers across India. The company informs that once Multix goes on sale, quick and easy finance can be availed at any of the 534 Chola branches in India. Basically, they want to build an ecosystem around Multix for potential customers.
Multix is a purpose-built vehicle that has been designed to offer the power of extreme 3 in 1 adaptability of family, business and power generation to the consumer.
Powered by a naturally aspirated BS3 rated diesel mill displacing 510.7 cc, the Multix produces 9.92 PS of maximum power at 3,000 rpm and 27.1 Nm of peak torque in the range of 1,400 to 2,200 rpm. The five seater vehicle a ground clearance of 225 mm and a fuel efficiency rating of 28.45 kmpl (ARAI tested).
Multix has an attractive starting price of Rs 2,32,850 (ex-showroom, Jaipur) and will be available initially in 30 cities only. A major issue, however, is that since the engine is only BS3 compliant, it cannot be sold in metro cities which need a BS4 compliant engine. So, if you are planning to buy one, do head to Chola and understand what’s on offer…