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Maruti ties up with Bank of Baroda For Dealer Inventory Financing

Maruti ties up with Bank of Baroda For Dealer Inventory Financing

Snapshot: Maruti Suzuki India has joined hands with one of India’s largest and most reliable public sector bank, Bank of Baroda for dealer inventory financing.

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  • Maruti Suzuki India and Bank of Baroda have signed a MoU for dealer inventory financing.
  • This alliance will provide easy financing opportunities to customers and dealers.
  • The dealer inventory financing will work in line with the Bank of Baroda’s product program of Supply Chain Finance.
  • Maruti Suzuki India is hopeful that its customers and dealer partners will benefit from this alliance.
  • Bank of Baroda sees it as an opportunity to strengthen its presence in auto loan/commercial finance segment.

 

Maruti Suzuki India has joined hands with Bank of Baroda, one of country’s most reliable public sector bank. The alliance would allow Maruti Suzuki India to provide easy financing opportunities to customers and dealers. One must note, the dealer inventory financing will work in line with Bank of Baroda’s product program of Supply Chain Finance.

Also Read:Maruti Suzuki Dzire Price Hiked; Gets New Safety Updates

Maruti Suzuki India Limited has inked the ‘Preferred Financier’ MoU (Memorandum of Understanding) agreement with the Bank of Baroda.  Mr. Shashank Srivastava, Executive Director, Marketing and Sales, Maruti Suzuki India Limited and Mr. P S Jayakumar, MD & CEO, Bank of Baroda, signed the MoU. Also present at the occasion were Mr. Ajay Seth, Senior Executive Director & CFO, Maruti Suzuki India accompanied by several other officials from both the companies.

Also Read:Maruti Ertiga Cross Spied Testing in India, Image Inside 

maruti-suzuki-india-is-hopeful-that-its-customers-and-dealer=partners-will-benefit-from-the-alliance

Mr. Shashank Srivastava, Executive Director, Marketing and Sales, Maruti Suzuki India Limited stated that the company is very confident about its partnership with one of India’s most reliable and popular public sector banks. This collaboration will not only offer smart banking experience to the customers, but it will also allow providing quick finance solutions for dealer partners and consumers alike, officials present at the time of the announcement were quoted as saying. Furthermore, the company is hopeful that its customers and dealer partners will benefit equally from this tie-up.

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Mr. P S Jayakumar, MD & CEO, Bank of Baroda is equally proud to associate with India’s leading auto giant, Maruti Suzuki India Limited. Moreover, it gives one of India’s largest public sector bank to serve customers with car financing. The bank also sees it as an opportunity to strengthen its presence in the auto loan/commercial finance segment. This symbiosis will also favour Maruti Suzuki India in further expanding its reach within the country.

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