Local automobile group Uttara Motors Limited has introduced an 'affordable' four wheeler targeting mid-level executives and professionals, the company said.
Officials said the company brought Alto K10, a new product of India's largest carmaker Maruti Suzuki, into its existing product lines in the just-concluded Dhaka Motor Show, which ended last month. The price of the model is Tk 1,275,000
Considering financial capability of the targeted groups, the company also offered monthly installment facility for the potential buyers in the market with 12 per cent rate of interest.
Talking about the issue, Deputy Head of Sales of Uttara Motors Ltd Md. Golam Mostafa said they initially introduced five cars of the model at the Dhaka Motor Show and all of them were sold out during the three-day long exhibition of automobile products.
Because of the growing demand of the 1000CC car, another consignment of 15 cars is on the way, he said.
"We've already received 7 booking orders for the upcoming consignment. It shows high demand for such cars, which are very much affordable to the mid-level executives and other professionals," he said.
When asked about the installment facility, Mr. Mostafa said buyers can enjoy such special facility through making down payment of Tk 275,000.
"Buyers need to pay the remaining money in 42 monthly installments with 12 per cent interest rate, which is much lower than the rate the commercial bank used to charge," he added.
The total price of the car will stand at nearly Tk 1.5 million (each million is equal to Tk 10 lakh) in terms of installments facility and buyer will have to pay around Tk 29,000 as monthly installment.
The octane-driven four wheelers with 24.07 kilometers of mileage has both automatic and manual gear facility, power steering and front leg window, according to the features of the car.
The company official also said the buyer will enjoy free post-sale services four times a year through their countrywide networks where all kinds of services like engine oil, filter, cleaning and washing and computer diagnosis will be available.
The car owners will also enjoy free service facility a year as long as they own the four wheelers.
Uttara Motors Limited mainly holds the distributorship of Japanese and Indian origin automobile in Bangladesh and corporate customers accounted for 50 per cent of its wide-rage of automobile products.
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