In a bid to empower its 4,000-plus dealerships across the country with comprehensive inventory funding options for their working capital requirements, Maruti Suzuki India Limited (MSIL) has signed a Memorandum of Understanding (MoU) with Indian Bank.
The MoU was signed in the presence of Bhuvan Dheer, Executive Vice President, Sales & Network & Vishal Sharma, General Manager, Allied Business from MSIL and Ashutosh Choudhary, Executive Director & Saurabh Dalmia, CMS Vertical Head, Indian Bank, along with other senior members from both the organisations.
Shashank Srivastava, Senior Executive Officer, Marketing & Sales, MSIL, said, “This alliance with Indian Bank will strengthen relationship with dealer partners and ensure a seamless car buying experience for the customers. The goal all along has been to work closely with Indian Bank in developing personalised offers and end-to-end working capital solutions for our dealer partners across the country.”
Choudhury said, “Indian Bank with its 5,808 branches and trusted by over 10 crore customers is well-positioned to provide solutions to MSIL in its rapid growth journey. Indian Bank Supply-Chain finance will provide easy access to working capital finance to the dealers of MSIL, at favourable terms for driving their business growth.”
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