Hero Electric on Friday announced partnership with State Bank of India to provide dealer network inventory financing solutions.
This partnership will allow Hero Electric to widen its reach in the country, thereby extending its pan India customer base, the company said in a statement.
Hero Electric aims to have 1,000 dealerships across the country this year and the partnership will allow existing dealers to invest more and encourage new dealers to sprout across the country, it added.
Commenting on the tie-up, Hero Electric CEO Sohinder Gill said, "We are pleased to have SBI as our partner and we are confident that their expertise and nationwide presence will allow our dealer network to seamlessly expand their business and manage cash flows through attractive rates on inventory financing."
Moreover, Gill said,"It will empower the dealers to cater to a wider customer base and achieve their sales target efficiently."
Disclaimer: No Business Standard Journalist was involved in creation of this content