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Maruti Suzuki India Ltd said on Thursday that it has partnered with Indian Bank to offer financing to its dealers.
According to the firm, the two parties have signed a Memorandum of Understanding (MoU), that will provide over 4,000 Maruti Suzuki dealerships across the country with comprehensive inventory funding options for their working capital requirements.
Shashank Srivastava, Maruti Suzuki India Senior Executive Officer, Marketing & Sales, stated, “This alliance with Indian Bank will strengthen relationships with dealer partners and ensure a seamless car buying experience for customers”.
“The goal has always been to collaborate closely with Indian Bank in developing personalized offers and end-to-end working capital solutions for our dealer partners across the country”, Srivastava explained.
Ashutosh Choudhury, Executive Director of Indian Bank, stated that the bank’s supply-chain finance will provide Maruti Suzuki dealers with easy access to working capital finance at favorable terms, assisting in the expansion of their businesses.
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