te Maruti Suzuki ties up with Jammu & Kashmir Bank to provide financing solutions to dealers | Zee Business

Maruti Suzuki ties up with Jammu & Kashmir Bank to provide financing solutions to dealers

This strategic alliance reinforces the company's long term association with J&K Bank.

Maruti Suzuki ties up with Jammu & Kashmir Bank to provide financing solutions to dealers
Maruti Suzuki ties up with Jammu & Kashmir Bank, image credit: Reuters

Maruti Suzuki India on Thursday said it has joined hands with Jammu & Kashmir Bank to provide financing solutions to its dealer partners.

The Memorandum of Understanding (MoU) inked with Jammu & Kashmir Bank would empower over 4,000 Maruti Suzuki sales outlets across the country with comprehensive inventory funding options for their working capital requirements, the auto major said in a statement.

"Our collaboration with J&K Bank will focus on innovative financing solutions for inventory funding for our dealer partners," Maruti Suzuki India Ltd (MSIL) Senior Executive Officer (Marketing & Sales) Shashank Srivastava said.

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This strategic alliance reinforces the company's long term association with J&K Bank, leveraging the strength of both the MSIL and J&K Bank to offer tailored retail finance products and end-to-end working capital solutions, thus marking a significant milestone for both the organisations, he added.

"The MoU is surely a big step towards providing vital inventory funding support to Maruti Suzuki's extensive dealer network seamlessly across the country," J&K Bank MD & CEO Baldev Prakash said.

Written By: ANI
Updated: Thu, Jan 25, 2024
03:34 pm
ANI
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