New Delhi: The country’s second largest car maker Hyundai Motor India on Friday said it has signed a memorandum of understanding with private-sector lender IndusInd Bank for providing retail financing facilities to its car buyers.
“We are glad to partner with IndusInd Bank as through this tie-up we will be able to introduce multiple customer centric initiatives for the benefit of the customers,” HMIL senior vice-president (Marketing and Sales) Arvind Saxena said.
During the last six months, the company has also tied-up with Punjab National Bank, Syndicate Bank and Corporation Bank among other public sector banks to leverage its product range with easy financing options, he added.
IndusInd Bank has a network of 180 branches, spread across 147 locations in 28 states and union territories. The lender also has 484 distribution outlets across the country.