Honda Siel, Axis Bank sign deal for vehicle finance

By SiliconIndia   |   Tuesday, December 29, 2009   |    3 Comments
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New Delhi: In an attempt to offer competitive interest rates for its customers, car maker Honda Siel Cars India (HSCI) has signed an agreement with private lender Axis Bank for providing vehicle finance. According to HSCI, following the deal Axis Bank has become one of the preferred channel financiers for the car maker. Axis Bank has approved a line of credit for financing the dealers of Honda Siel on their vehicle stock along with retail financing of auto loans, according to PTI. T Natsume, Director of Marketing, HSCI says, "With this tie-up Honda Siel and Axis Bank have agreed to pool their resources together to make accessible organized finance at competitive rates to our dealers and customers across the country for purchase of Honda cars." Axis Bank looks at this pact as an opportunity to offer more number of services to its customers. "This agreement will further give us the opportunity to provide our customers more value added services at competitive rates and expose them to our various offerings. This partnership with Honda Siel will benefit the Honda Siel dealers' network as well as the retail auto loan customers."
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