Maruti Suzuki India Ltd (MSIL) inked a memorandum of understanding (MoU) with IDFC FIRST Bank Ltd to provide tailored vehicle finance alternatives, on Wednesday.
Customers interested in Maruti Suzuki vehicles will be able to receive tailored loan solutions spanning new automobiles, pre-owned cars, and commercial vehicles as part of this relationship.
Maruti Suzuki continues to provide a wide choice of financing alternatives for clients across the country with its latest cooperation with IDFC FIRST Bank. The Memorandum of Understanding was signed in the presence of senior management from Maruti Suzuki and IDFC FIRST Bank.
Speaking on the partnership, Shashank Srivastava, Senior Executive Officer, of Marketing and Sales at Maruti Suzuki, said, “It has been our goal to offer a comfortable and hassle-free financing experience for car buyers, and this collaboration enables us to take this further through an array of personalised loan benefits offered by the bank.”
The collaboration with IDFC FIRST Bank would help Maruti Suzuki to broaden its financing alternatives and provide clients with additional freedom and choice. This agreement is expected to strengthen Maruti Suzuki’s position as the industry leader in India.
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IDFC FIRST Bank COO Madhivanan Balakrishnan stated that the bank uses analytics and digitalization to give a seamless and easy financing experience to consumers across its 700-plus offices in India.
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