Maruti Suzuki collaborates with Indian Bank to provide dealer finance solutions
By siliconindia | Thursday, 14 September 2023, 04:25:09 PM IST
Maruti Suzuki India Ltd said it has partnered with Indian Bank to provide financing solutions to its dealers. The two parties have signed a Memorandum of Understanding (MoU), which will empower over 4,000 Maruti Suzuki dealerships across the country with comprehensive inventory funding options for their working capital requirements.
"This alliance with Indian Bank will strengthen relationships with dealer partners and ensure a seamless car buying experience for customers," Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Shashank Srivastava, said.
"The goal all along has been to work closely with Indian Bank in developing personalized offers and end-to-end working capital solutions for our dealer partners across the country," he said. Indian Bank Executive Director Ashutosh Choudhury said the bank's supply-chain finance would provide easy access to working capital finance to Maruti Suzuki dealers at favorable terms, which will help drive their business growth.
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