Maruti Suzuki, Equitas Bank Tie Up for Car Financing
ECONOMY & POLICY

Maruti Suzuki, Equitas Bank Tie Up for Car Financing

Maruti Suzuki India Ltd has signed a memorandum of understanding (MoU) with Equitas Small Finance Bank to expand vehicle financing access for its customers across India. The collaboration aims to provide a range of tailored and affordable financing solutions for new cars, used cars, and commercial vehicles.

The agreement was formalised with Maruti Suzuki’s Senior Executive Officer Partho Banerjee and Equitas Bank’s Head of Retail Assets, Jagadesh J, exchanging documents in the presence of officials from both organisations.

In a statement, Maruti Suzuki said the partnership would enhance affordability and accessibility of its vehicles for a broader consumer base. The Chennai-headquartered bank plans to leverage its growing customer network to serve the diverse financing needs of Maruti Suzuki’s clientele.

Banerjee said, “Our collaboration will enable us to reach an even wider audience and offer competitive financing to add to the joy of buying a new car. We are confident that this partnership will drive growth and customer satisfaction.”

He added that Maruti Suzuki remains committed to providing simple and convenient finance options for its customers, and the new partnership reinforces that goal.

The alliance reflects a broader trend in India’s automobile sector, where automakers are increasingly partnering with banks and NBFCs to improve credit accessibility and boost vehicle sales across urban and rural markets.

Maruti Suzuki India Ltd has signed a memorandum of understanding (MoU) with Equitas Small Finance Bank to expand vehicle financing access for its customers across India. The collaboration aims to provide a range of tailored and affordable financing solutions for new cars, used cars, and commercial vehicles.The agreement was formalised with Maruti Suzuki’s Senior Executive Officer Partho Banerjee and Equitas Bank’s Head of Retail Assets, Jagadesh J, exchanging documents in the presence of officials from both organisations.In a statement, Maruti Suzuki said the partnership would enhance affordability and accessibility of its vehicles for a broader consumer base. The Chennai-headquartered bank plans to leverage its growing customer network to serve the diverse financing needs of Maruti Suzuki’s clientele.Banerjee said, “Our collaboration will enable us to reach an even wider audience and offer competitive financing to add to the joy of buying a new car. We are confident that this partnership will drive growth and customer satisfaction.”He added that Maruti Suzuki remains committed to providing simple and convenient finance options for its customers, and the new partnership reinforces that goal.The alliance reflects a broader trend in India’s automobile sector, where automakers are increasingly partnering with banks and NBFCs to improve credit accessibility and boost vehicle sales across urban and rural markets.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement