Maruti Suzuki and Hero FinCorp Partner to Simplify Car Financing

By siliconindia  |  Saturday, 08 March 2025, 12:21:42 PM IST

Maruti Suzuki and Hero FinCorp Partner to Simplify Car Financing
Maruti Suzuki India Limited (MSIL) has signed a Memorandum of Understanding (MoU) with Hero FinCorp Limited to enhance financing options for new and pre-owned car buyers. The collaboration aims to leverage Maruti Suzuki’s extensive dealership network and Hero FinCorp’s customized financial solutions to make car ownership more accessible across India.
The pact was signed in the presence of top officials of both firms, such as Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki; Kamal Mahtta, Vice President, Allied Business; and Vishal Sharma, General Manager, Maruti Suzuki Finance & Driving School. Hero FinCorp was represented by MD & CEO Abhimanyu Munjal and other top executives.
Partho Banerjee pointed out the advantages of the alliance, saying, "Partnering with Hero FinCorp is an extension of our capability to provide innovative, transparent, and attractive finance solutions that respond to changing customer needs for car finance. With this association, MSIL today has more than 40 retail finance partners for our customers to select from, providing them with a large pool of finance options to meet their diverse needs".
Abhimanyu Munjal highlighted Hero FinCorp's commitment to financial inclusion, stating, "This collaboration with Maruti Suzuki brings us one step closer to making car ownership simpler, more affordable, and really hassle-free for every Indian. As India trades up, our strong presence in Tier 2, Tier 3 cities, and beyond, and frictionless digital experiences powered by proprietary tech capabilities, make sure that we keep Empowering Every Indian's Dream of Upward Mobility".
This collaboration strengthens Maruti Suzuki’s financing ecosystem while advancing Hero FinCorp’s mission to enable upward mobility, especially in smaller towns and cities, promising more accessible and hassle-free car loans for Indian consumers.

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