Maruti Suzuki India Limited (MSIL) has entered into a strategic tie-up with Hero Fincorp Limited to provide loan facilities to new and used car buyers. The firms signed the agreement by signing a Memorandum of Understanding (MoU) in the presence of top officials from both organizations.
Top Officials Present at the Signing
The signing ceremony was attended by top executives of both firms:
- Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki
- Vishal Sharma, General Manager, Maruti Suzuki Finance & Driving School
- Abhimanyu Munjal, MD & CEO, Hero Fincorp
- Other senior executives from Hero Fincorp
Increasing Financial Choices for Customers
With this alliance, Maruti Suzuki has more than 40 retail finance partners, providing customers with a variety of financial solutions. This step is taken to meet the varied financial requirements of Indian automobile buyers, offering them easy and flexible financing options.
Leadership Statements
Abhimanyu Munjal, MD & CEO of Hero Fincorp, pointed out that the tie-up with Maruti Suzuki will make car ownership easier and more convenient for Indian customers. Maruti Suzuki also pointed out that this program is in line with their focus on providing improved financial support to their customers.
This tie-up is likely to benefit a wide customer base by making car financing easier and more efficient.
