Chennai: Maruti Suzuki India Limited (MSIL) has announced signing of a MoU with Bank of Maharashtra.
For the first time, Bank of Maharashtra will offer dealer inventory financing to MSIL dealers.
Under the partnership, Bank of Maharashtra’s Mahabank Channel Financing scheme shall provide comprehensive financing opportunities for MSIL’s dealer partners across the nation.
Elaborating on the alliance, Shashank Srivastava, senior executive director,
marketing and sales, MSIL, said, “We are thankful that this collaboration with Bank of Maharashtra will offer new-age banking and finance solutions for our dealer partners. There is a business requirement to induct more finance partners for dealer inventory funding keeping in mind long term business requirements and contingencies.”