Magma to finance Maruti cars

Magma Leasing has signed an agreement with Maruti Udyog to finance Maruti cars across the country.

According to a release issued by Magma to the BSE today, the agreement was inked today by Sanjay Chamria, managing director of the company, and Jagdish Khattar, managing director of Maruti, at a function held in Kolkata.

"This is a big day for Magma Leasing. Magma specialises in financing new and pre-owned vehicles in semi-urban and rural areas, which are the fastest growing markets in the country. Magma will now finance the entire range of Maruti cars through its network," Chamria said.