Maruti Suzuki Partners with SMFG India Credit
- Maruti Suzuki has partnered with SMFG India Credit to offer tailored financing for its Super Carry and Eeco Cargo commercial vehicles.
- The collaboration aims to provide flexible credit access across 670 towns and 70,000 villages through SMFG’s wide network.
- This move supports Maruti Suzuki’s strategy to enhance customer experience and boost commercial vehicle sales.
Maruti Suzuki India Limited (MSIL) has revealed a strategic alliance with SMFG India Credit (SMICC) aimed at delivering tailored financing options for its commercial vehicle clients. The Memorandum of Understanding (MoU) was formalized on May 21, 2025, with the goal of easing credit access for purchasers of the Super Carry and Eeco Cargo models.
Top executives, including Partho Banerjee and Nobutaka Suzuki from Maruti Suzuki, as well as Swaminathan Subramanian and Ajay Pareek from SMFG India Credit, were present at the signing ceremony. Partho Banerjee, Senior Executive Officer of Marketing & Sales at Maruti Suzuki, underscored that this partnership is intended to provide straightforward and adaptable financing for commercial clients. He emphasized the Super Carry’s attractiveness to fleet operators due to its load capacity, while the Eeco Cargo remains popular among customers looking for a combination of utility and comfort.
Ajay Pareek, Chief Business Officer at SMFG India Credit, conveyed confidence that the partnership will enhance SMFG’s reputation as a preferred lender. He highlighted that this collaboration will enable to connect with underserved clients and assist their growth through smooth financing options.SMFG India Credit’s extensive network of 1,000 branches throughout 670 towns and 70,000 villages is anticipated to significantly improve financial access for Maruti Suzuki’s commercial vehicle customers nationwide.
A leader in India's passenger vehicle sector, Maruti Suzuki operates over 4,000 sales outlets and 5,000 service centers, providing 18 different vehicle models. The company also conducts advanced research and development operations in Rohtak and boasts an annual production capacity of 2.35 million units. SMFG India Credit, a non-banking financial company (NBFC), is wholly owned by Sumitomo Mitsui Financial Group (SMFG), one of the largest financial services organizations in Japan. This partnership represents a significant step in Maruti Suzuki’s strategy to enhance customer satisfaction by offering accessible, customized financing solutions for its commercial segment.
