Maruti Suzuki India said it has partnered with Federal Bank to provide dealer finance and customised auto retail financing.
The scrip rose 0.41% to trade at Rs 7020.30. it has traded in the range of Rs 7011 and Rs 7030.80 so far during the day.
In August 2019, Maruti Suzuki India had inducted Federal Bank as an approved partner for dealer inventory funding. The latest tie-up for retail financing to customers will further offer comprehensive loan access facilities to Maruti Suzuki dealers as well as customers.
Meanwhile, shares of Federal Bank added 0.65% to trade at Rs 84.70.
Maruti announced price hike across various models from January 2020. The price increase shall vary for different models.
Maruti Suzuki India is engaged in the manufacture, purchase and sale of motor vehicles, components and spare parts (automobiles).
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