New Delhi: Daimler India Industrial Autos (DICV) on Tuesday mentioned it has partnered with 18 main banks and NBFCs to supply prospects financing choices for its autos. The corporate mentioned it has signed Memoranda of Understanding (MoUs) with banks and NBFCs (Non-Banking Monetary Corporations), together with ICICI Financial institution, State Financial institution of India, Financial institution of Baroda, Axis Financial institution, IndusInd Financial institution, Sundaram Finance, YES Financial institution and Mahindra & Mahindra Monetary Companies.
Moreover, the corporate has entered into related MoUs with Equitas Small Finance Financial institution, Tata Capital Monetary Companies, Shriram Transport Finance, SREI Tools Finance Ltd, PKF Finance, Federal Financial institution, IDFC First Financial institution, J&Okay Financial institution, AU Small Finance Financial institution Ltd and Karnataka Financial institution.
Satisfactory finance schemes have lengthy been a key problem for the CV business and the affect of COVID-19 has made it much more troublesome to safe loans. The partnerships will ship better financing flexibility and comfort, the corporate mentioned in a press release.
Commenting on the event, DICV CEO and Managing Director Satyakam Arya mentioned:”As many CV prospects are at the moment going through financing hurdles, MoUs corresponding to these add substantial selection and worth.”
He additional mentioned: “These aggressive financing options will assist our prospects to develop their enterprise.”
DICV’s transfer to signal MoUs with banks throughout the nation is according to BharatBenz’s customer-centric method and dedication to offering a hassle-free shopping for expertise. New and current prospects will get pleasure from seamless help from these banks and NBFCs, the corporate mentioned.
As a part of the MoUs, the banks will consider the monetary wants of the customer and develop applicable financing packages. Daimler’s personal captive financing model, Daimler Monetary Companies India, can even proceed to offer finance choices to prospects, the assertion mentioned.
