The automotive manufacturer and regional bank have established a formal agreement to provide vehicle financing solutions to customers in Haryana, expanding access to automotive financing services.
05 Feb 2025 | 1549 Views | By Autocar Pro News Desk
Maruti Suzuki India Limited (MSIL) and Sarva Haryana Gramin Bank (SHGB) have signed a Memorandum of Understanding (MoU) to establish a vehicle financing partnership. The agreement will allow both organizations to provide financial solutions for vehicle purchases.
The signing ceremony was attended by Maruti Suzuki representatives including Partho Banerjee, ...
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Maruti Suzuki India Limited (MSIL) and Sarva Haryana Gramin Bank (SHGB) have signed a Memorandum of Understanding (MoU) to establish a vehicle financing partnership. The agreement will allow both organizations to provide financial solutions for vehicle purchases.
The signing ceremony was attended by Maruti Suzuki representatives including Partho Banerjee, Senior Executive Officer of Marketing & Sales; Bhuvan Dheer, Executive Officer of Marketing & Sales; Kamal Mahtta, Vice President of Allied Business; and Vishal Sharma, General Manager of Maruti Suzuki Finance & Driving School. Sanjeev Kumar Dhupar, Chairman of Sarva Haryana Gramin Bank, and other senior officials from both organizations were also present.
Through this partnership, Sarva Haryana Gramin Bank will offer vehicle financing solutions to Maruti Suzuki customers. The bank will provide vehicle loans with monthly repayment options based on customer requirements.
Partho Banerjee, Senior Executive Officer of Marketing & Sales at Maruti Suzuki India Limited, stated that the collaboration with SHGB supports their goal of providing financial solutions for customers. He noted that the partnership will utilize both organizations' networks in Haryana to serve customers.
Sanjeev Kumar Dhupar, Chairman of Sarva Haryana Gramin Bank, commented that the partnership will help expand their vehicle financing services and allow them to offer customized financing options to customers. He expressed the bank's commitment to customer service and relationship building.