Maruti Suzuki collaborates with Union Bank for dealer financing
ECONOMY & POLICY

Maruti Suzuki collaborates with Union Bank for dealer financing

Maruti Suzuki India announced that it had entered into an initial agreement with Union Bank of India for dealer financing solutions. According to a statement from the automobile giant, this collaboration expands the range of inventory funding options for more than 4,000 Maruti Suzuki sales outlets nationwide.

Shashank Srivastava, Senior Executive Officer (Marketing & Sales) at Maruti Suzuki India, expressed the company's commitment to nurturing its dealer network. He stated, "We proactively align our efforts to meet the evolving demands of customers and the market."

Srivastava highlighted the progressive nature of the partnership with Union Bank of India, dating back to 2008. He noted that the collaboration has achieved a significant milestone by facilitating over 3,00,000 car finance cases to date. Looking ahead, he mentioned, "As the next milestone in our association, we are entering into an inventory funding Memorandum of Understanding (MoU), focusing on innovative financing solutions for dealer partners."

A Manimekhalai, Managing Director & CEO of Union Bank of India, emphasised that the bank's comprehensive range of products and services is designed to support dealers at every stage of their business journey. "By providing timely access to flexible financing options, we empower dealers to optimise their operations, enhance their competitiveness, and unlock new growth opportunities," he added.

Maruti Suzuki India announced that it had entered into an initial agreement with Union Bank of India for dealer financing solutions. According to a statement from the automobile giant, this collaboration expands the range of inventory funding options for more than 4,000 Maruti Suzuki sales outlets nationwide. Shashank Srivastava, Senior Executive Officer (Marketing & Sales) at Maruti Suzuki India, expressed the company's commitment to nurturing its dealer network. He stated, We proactively align our efforts to meet the evolving demands of customers and the market. Srivastava highlighted the progressive nature of the partnership with Union Bank of India, dating back to 2008. He noted that the collaboration has achieved a significant milestone by facilitating over 3,00,000 car finance cases to date. Looking ahead, he mentioned, As the next milestone in our association, we are entering into an inventory funding Memorandum of Understanding (MoU), focusing on innovative financing solutions for dealer partners. A Manimekhalai, Managing Director & CEO of Union Bank of India, emphasised that the bank's comprehensive range of products and services is designed to support dealers at every stage of their business journey. By providing timely access to flexible financing options, we empower dealers to optimise their operations, enhance their competitiveness, and unlock new growth opportunities, he added.

Next Story
Infrastructure Urban

VECV to Manufacture Volvo Group’s Advanced AMTs in India

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, announced an investment of Rs 5.44 billion to produce and assemble Volvo Group’s 12-speed Automated Manual Transmission (AMT). The greenfield facility will be set up at Vikram Udyogpuri Integrated Industrial Township near Ujjain, Madhya Pradesh, and will cater to India and select Asia-Oceania markets.This investment marks a new milestone in the 18-year VECV-Volvo collaboration, which has already made VECV a global hub for Volvo Group’s 5 & 8 Litre (MDEP) engines since 2013, reinforcing the Make in Ind..

Next Story
Products

Action TESA Drives Shift from Plywood to Engineered Wood Solutions

Action TESA, a leading player in India’s panel industry, is spearheading the market transition from traditional plywood to engineered wood solutions such as Moist Master, HDHMR, and Boilo. These high-performance boards are redefining modular furniture, kitchen, and decorative applications with superior durability, design flexibility, and finish quality.Engineered wood offerings from Action TESA provide consistent quality, dimensional stability, and smooth surfaces, unlike plywood, which can have knots or gaps. The Moist Master, HDHMR, and Boilo BWP FR boards ensure excellent machinability, m..

Next Story
Infrastructure Urban

CREDAI-MCHI Donates Rs 30.65 Mn for Maharashtra Flood Relief

CREDAI-MCHI, the apex body of real estate developers in the Mumbai Metropolitan Region, has extended Rs 30.65 million to the Chief Minister’s Relief Fund to support rescue and rehabilitation efforts in flood-affected areas of central Maharashtra and neighbouring regions.The contribution was presented to Chief Minister Devendra Fadnavis by Sukhraj Nahar, President, and Rushi Mehta, Secretary, CREDAI-MCHI, in the presence of several leading developers from the Mumbai Metropolitan Region.A total of 44 member developers participated in this collective effort, underlining the real estate industry..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?