Maruti Suzuki India (MSI) has partnered with Mahindra Finance for vehicle loans. The country's leading automobile manufacturer gave this information on Tuesday. MSI has issued a statement saying that under this partnership, customers will be able to avail of various finance options offered by Mahindra Finance to finance their vehicle.
The company has said that this partnership will allow easy access to finance for customers looking for private vehicle solutions due to the COVID-19 epidemic. Shashank Srivastava, executive director (marketing and sales), MSI, said, "Mahindra Finance is a non-banking finance company with a very good network across the country."
Srivastava said that Mahindra Finance has the expertise to lend to customers of all types of profiles, including semi-rural, rural, and non-income-proof customers. Srivastava said that rural areas account for more than one-third of the company's retail sales in India.
He said that after this partnership, customers buying Maruti vehicles will be able to take advantage of various offers like 'buy now, pay later', step-up EMI, and Balloon EMI. MSI has 3,086 showrooms across the country, while Mahindra Finance also has a network of 1,450 branches.
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