+
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.

Next Story
Infrastructure Urban

Companies in GIFT City IFSC Cross 400 Mark

As of July 31, 2025, a total of 409 companies are operating in the Gujarat International Finance Tec City – International Financial Services Centre (GIFT IFSC), Finance Minister Nirmala Sitharaman informed Parliament.In a written reply in the Lok Sabha, she highlighted that the number of firms in GIFT IFSC has grown nearly fivefold in less than five years — from 82 on October 1, 2020, to 409 by July 2025.The centre now hosts a wide range of entities, including those in banking, asset management, and allied services, alongside other financial segments.To support GIFT IFSC’s growth, the go..

Next Story
Infrastructure Urban

GMDA to Prepare Fresh DPR for Naurangpur Sewage Treatment Plant

The Gurugram Metropolitan Development Authority (GMDA) will prepare a fresh detailed project report (DPR) for the proposed 40 million litres per day (MLD) sewage treatment plant (STP) at Naurangpur. The move comes after it was found that a high-tension power line and a 24-metre-wide road pass through the site allocated for the project, requiring a revised plan.According to officials, the original 3.65-acre land parcel transferred from the Municipal Corporation of Manesar (MCM) was reduced to 2.89 acres following the road development. The presence of the power line further divided the land into..

Next Story
Infrastructure Transport

PM Inaugurates Bihar Highway and New Ganga Bridge

Prime Minister Narendra Modi will inaugurate a key highway project on Friday, connecting Aunta (Mokama) and Simaria (Begusarai), featuring a newly built 1.865-km bridge across the Ganga.The project establishes direct road connectivity between Mokama in Patna district and Begusarai. The bridge has been constructed parallel to the old two-lane rail-cum-road Rajendra Setu, which is currently under repair and restricts heavy vehicle movement.The new bridge will allow heavy vehicles to avoid a detour of nearly 100 km while travelling between north Bihar districts such as Begusarai, Supaul, Madhuban..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?