MSIL ties up with Bank of Maharashtra to offer inventory financing to dealer partners
This is the first time that Bank of Maharashtra will be offering dealer inventory financing to the company’s dealers, Maruti Suzuki India Ltd (MSIL) said in a statement.
Bank of Maharashtra’s Mahabank Channel Financing scheme will provide comprehensive financing opportunities for MSIL’s dealer partners across the nation under the partnership, it added.
MSIL Senior Executive Director, Marketing and Sales, Shashank Srivastava said the collaboration with Bank of Maharashtra will offer new-age banking and finance solutions for the company’s 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,” he added.
Bank of Maharashtra Managing Director and CEO AS Rajeev said the partnership aims to provide enhanced digital lending services to MSIL’s dealers and produce a ‘great synergistic effect’.
