Terms & Conditions

1.  The above offer is applicable only for retails from Jan’25

2.  Cash discount / Accessories:

• Discount shown for the model will be communicated (inclusive of GST)
• Discount is applicable only on specified Variant only.

3.  Exchange Bonus: To claim documents required:

    Vehicle Documents:

• Clear copy of Old / Existing Car Registration Certificate (RC)
• Clear copy of Old / Existing Car Insurance Policy (should be valid within +/- 30 days of new car invoice) 7 T&C and Documentation– Customer Offer (2/2)
• Clear copy of New Car DMS Invoice (clear mention of Exchange Bonus) with customer signature.
• Clear copy of New Car Insurance Policy (Customer Name / VIN number / Engine Number should match with New Car Invoice)
• Copy of old RC transfer in Vahaan within 6 months of DMS Retail Invoice.
• For Scrap vehicles insurance not mandatory, Photo of Chassis Cutting & Certificate from Scrap Dealer is required [Scrap date to be within 6 month of new vehicle retail date]

    Customer Documents:

• Customer ID – PAN Card Mandatory (If absence of PAN, Form60/61 along with any other Govt. Proof, having signature of Customer)
• Signed Form 29/30 (RTO Purpose) will be required.
• Clear copy of Relationship Proof – In case of Relation • Individual Owner New Vehicle : The old vehicle can be in the name of new vehicle Owner’s (Brother / Sister / Parents /Children/ Spouse) or Spouse’s (Brother, Sister, Parents) or business entity of self or spouse, where self or spouse is a Partner, Director or Proprietor. • Business Entity Owner New Vehicle: The old vehicle can be in the name of new vehicle Business Entity Owner’s (Partner’s, Director’s, Proprietor’s or Spouse of Partner’s, Director’s, Proprietor’s )

Exchange Claims will be subject to Audit by NMIPL on Regular

4.  Corporate Discount Terms and Conditions:

• Offer is applicable on selected corporates only
• Offer can be availed by employees of Selected Corporates/Group Companies. Spouse / Parents / Children of employees are also eligible.
• Employees to provide their employer ID card for booking the vehicle
• POI offer is applicable for serving and retired employees. Spouse / Parents / Children of such employees are also eligible.
• Document Required:
  • Salary Slip, Aadhar Card, PAN Card
  • Corporate ID Card/Introductory or Appointment letter / Proof of employment for govt employees
  • Salary Slips (last 3 months only) / PPO Slip / Three months Bank account statement where pension is credited.
  • Customer Acceptance
  • Govt. approved ID card with signature
    
  • Proof of relationship if offer availed in name of Spouse / Parents / Children of employee.
  • Elected public representatives: proof of being elected, bank statement and Aadhaar / PAN card
  • MSME registration certificate for MSME

5.  NRI Families

• Offer applicable to NRI fulfilling eligibility criteria (Having Green Card or Nationality Card (Tax Residency Certificate) or valid job contract / work permit, and Valid Indian passport)
• Corporate offers will be applicable to NRI families
• Offer is also applicable to immediate family member of NRI; Father/Mother/Brother/Sister/Spouse/Son/Daughter
• Documentation:

6.  Farmers (to be passed on Corporate / Institutional Offers):

Terms & Conditions:

• Offer is applicable on farmers
• Farmers to provide relevant documents as stated below towards receipt of this special institutional offer
• Offer is applicable for immediate family of eligible customer and spouse

Documentation:

1. Pawati Book / Copy of Farad along with Aadhar card/ Voter Card
2. Address proof confirming customer is resident of Village. Address proof: Ration Card /Aadhar Card / Letter from Sarpanch / Other Govt
3. document.
4. Customer Acceptance
5. Govt. approved ID card with signature
6. Proof of relationship if offer availed in name of Spouse / Parents / Children of employee.

7.  T&C for Scrappage Incentive:

1. Customer needs to provide certificate of Deposit (Scrappage certificate).
2. Scrappage date should be within 1 year from New vehicle purchase.
3. For New Magnite Exchange offer/ Scrappage Incentive whichever is higher, will be applicable.
4. Certificate of Deposit should be from Govt Authorized Scrappage Centers only. (RVSF – Registered Vehicles Scraping Facility).

• Total Benefit = Monthly Consumer Scheme (if any) + CSD Discount
• CSD specific discount is applicable on all CSD retails in DMS till further notice.
• Offer break-up is applicable as mentioned in the offer table till further notice.
• Offer value (Pre GST amount) will be updated in DMS under ‘CSD’ tab
• CSD discount includes Dealer share as shown in offer table
• Vehicle sold under CSD will be considered for monthly target & Pay out (basis monthly dealer program if any)
• CSD benefit is applicable only to CSD beneficiaries & on Model/Variants mentioned in the offer table
• CSD benefit is applicable over & above monthly consumer offer (if any) as highlighted above
• Retail to beneficiary must be done under ‘CSD’ tab in DMS
• All claims (if applicable) documents needs to be submitted as per Corporate Claims submission process
• NMIPL share amount will be updated in DMS & same will be reimbursed if applicable

Documentation:

Offer Construct:

The offer is over and above consumer offers (Excluding Corporate offer)

Program Applicability:

Offer is applicable for CSC Employee, CSC VLE and CSC Customers (where lead generated by VLE)

Note: CSC Offers are for MY24 VIN, No offers on MY25 VIN.

Offer Break-up:

Total Customer benefit through CSC purchase = Monthly Consumer Scheme + CSC Customer offer Total CSC Employee Benefit on Magnite purchase = Monthly Consumer Scheme + CSC Employee offer

Terms & Conditions:

• The benefit [Both Customer & Emp] is applicable over & above monthly consumer offer as highlighted above.
• The benefit is only applicable on the variants mentioned in the table.
• CSC Employee Benefit is applicable to CSC group company employees and CSC VLE including their spouse, brother, sister, parents and spouse brothers, sister parents & children.

Documentation:

CSC Customer

1. Aadhar Card of Customer
2. PAN Card OR Copy of Ration Card
3. If documents [PAN or Ration Card] are not available, letter from SARPANCH confirming bona-fide resident of village / area.

CSC Employee/VLE

1. Identity Card of the Employee / Document Establishing proof for VLE
2. Last One-month Salary Slip [Not required for VLE]
3. PAN Card & Aadhar
4. Relationship Proof in case of car purchased under relationship