Maruti Suzuki teams up with Hero FinCorp to offer tailored financing for new and pre-owned cars
Maruti Suzuki India Limited (MSIL) has entered into a partnership with Hero FinCorp Limited to enhance retail car financing options for customers. The collaboration aims to provide financial solutions for both new and pre-owned cars, thereby leveraging Maruti Suzuki’s extensive dealership network and Hero FinCorp’s financing expertise.
Maruti Suzuki Announces Signing of MoU with Hero FinCorp Ltd
The agreement was formalized through a Memorandum of Understanding (MoU) signed by senior executives from both organizations. Representing Maruti Suzuki were Partho Banerjee, Senior Executive Officer for Marketing & Sales; Kamal Mahtta, Vice President of Allied Business; and Vishal Sharma, General Manager of Maruti Suzuki Finance & Driving School. Hero FinCorp was represented by Abhimanyu Munjal, Managing Director and CEO, along with other senior officials.
The partnership is expected to improve accessibility to vehicle loans, making car ownership more convenient for a broader segment of customers. By integrating Hero FinCorp’s financing solutions with Maruti Suzuki’s expansive reach, the initiative seeks to streamline the car-buying process, particularly for those seeking competitive loan options. With a growing demand for flexible financing in the automotive sector, this collaboration reinforces Maruti Suzuki’s commitment to enhancing customer convenience while expanding its financial service offerings.
Speaking on the collaboration, Mr. Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India Limited, said “At Maruti Suzuki, we always keep our customers at the centre of all our offerings. Collaborating with Hero FinCorp builds on our ability to offer innovative, transparent, and attractive financing solutions that address ever-evolving customer needs for car finance. With this tie-up, MSIL today has over 40 retail finance partners for our customers to choose from, giving them a wide array of finance options to suit their varied needs.”
Mr. Abhimanyu Munjal, MD & CEO, Hero FinCorp, stated, “At Hero FinCorp, we’re on a mission to fuel Bharat’s aspirations. This partnership with Maruti Suzuki takes us a step further towards making car ownership easier, more accessible, and truly hassle-free for every Indian. As India trades up, our deep reach in Tier 2, Tier 3 cities, and beyond, combined with seamless digital journeys powered by proprietary tech capabilities, ensures that we continue Empowering Every Indian’s Dream of Upward Mobility.”
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