Benelli, the Chinese owned Italian motorcycle brand, is offering zero percent loans on the TNT 300 and the 302R bikes. The manufacturer has joined hands with HDFC in this regard. Both vehicles are entry-level motorcycles in the Indian market. While the Benelli TNT 300 is a naked roadster, the 302R is a fully-faired bike.
The zero percent interest rate, however, is available only on the 12-month payback duration.
Buyers interested in these two motorcycles can now avail up to 80 percent finance on the ex-showroom price. The rate of interest differs according to the payback duration. The longer the duration, the higher is the interest rate charged.
The interest rates for financing the two bikes are 2.5, 3.5, 4.5, and 4.99 percent for 24, 36, 48, and 60 months respectively.
Both bikes are hauled by an identical inline 300cc motor which outputs 38.2PS maximum power at 11,500rpm and 26.5Nm peak torque at 10,000rpm. The twin-cylinder, dynamic overhead camshaft (DOHC) engine is mated to a 6-speed transmission system. Both the TNT 300 and the 302R have premium hardware that includes inverted front forks and rear monoshock absorbers. Braking duties are handled by petal-style dual disc brakes in the front and a single-disc unit at the back. Dual-channel antilock braking system (ABS) comes as standard on both motorcycles.
Benelli, since partnering with the Mahavir Group, has been rather aggressive with its branding and marketing campaign. It recently announced a 3.4 percent reduction in the cost of its after-sales service. The maintenance interval has also been increased to 6,000km or six months, from 4,000km or four months. Benelli has taken up plans to expand its product portfolio in the Indian market with five new bikes slated to be introduced this year. The company also has plans to open 45 new dealerships in the Indian Subcontinent in the coming days.
The Benelli TNT 300 is priced at INR3.03 lakh. The 302R, on the other hand, has an ex-showroom price of INR3.7 lakh.