Press Trust of India / Chennai Aug 07, 2009, 13:47 IST
Hyundai Motor India Ltd (HMIL), the second largest car manufacturer in the country, today signed a MOU with IndusInd Bank for facilitating car loan financing for the customers.
The MoU was signed by HMIL Senior Vice President (Marketing and Sales) Arvind Saxena and IndusInd Bank Executive Vice President (Customer Finance Division) S V Parthasarathy, a company release here said.
"We are glad to partner with IndusInd Bank, as through this tie-up we will be able to introduce multiple customer centric initiatives for the benefit of the customers. We are confident that through this tie-up, Hyundai can further leverage its strong product range with easy financing options for prospective customers across India", Saxena said.
"While Hyundai will get access to new markets and customers, IndusInd Bank will be able to offer finance options for a wide spectrum of passenger cars through its branches. We will be positioning resource persons at all our branches for dealer coordination. This strategic alliance is a part of our expansion strategy in the consumer finance segment", Parthasarathy said.
Hyundai Motor India reported a 53.94 per cent jump in domestic passenger car sales in July at 23,193 units as against 15,066 units in the same month of 2008.
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