Maruti Suzuki collaborates with Union Bank for dealer financing

29 Feb 2024 CW Team

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.

Infrastructure Transport

06 Feb 2026

Second Mountain Tunnel Breakthrough in Palghar Advances High Speed Rail

The Mumbai-Ahmedabad high speed rail (MAHSR) project reached a milestone with the breakthrough of a mountain tunnel in Palghar, Maharashtra. Mountain tunnel MT-six measures 454 metres long and 14.4 metres wide and will accommodate up and down tracks. The breakthrough follows MT-five near Saphale on second January 2026 and the MT-six excavation was completed from both ends using the New Austrian Tunnelling Method. The ministry reported that the tunnelling was completed within 12 months. The New Austrian Tunnelling Method is favoured for its flexibility in complex geology and irregular tunnel s..

Modi Government Pushes Atmanirbhar Container Drive With BCSL MoU

The Union Government advanced a plan to create an integrated, domestically anchored container ecosystem with the signing of a Memorandum of Understanding to establish the Bharat Container Shipping Line (BCSL). The MoU was signed by key agencies including the Shipping Corporation of India and Container Corporation of India alongside major port authorities and Sagarmala Finance Corporation Limited under the Ministry of Ports, Shipping and Waterways, in the presence of senior ministers. The initiative aligns with the Container Manufacturing Assistance Scheme announced in the Union Budget 2026–2..

Ministry Reports Gains In Mobility For Marginalised Communities

The Ministry of Social Justice and Empowerment is implementing skill development, education and rehabilitation schemes to promote socio-economic mobility and sustainable livelihoods for marginalised and disadvantaged communities across the country. Programmes target Scheduled Castes, Other Backward Classes, Economically Weaker Sections, De-notified Tribes and Safai Karamcharis through specialised implementing corporations and empanelled training institutes. Pradhan Mantri Dakshata Aur Kushalta Sampann Hitgrahi Yojana, or PM-DAKSH, provided skill training and placement support through the Nati..