Maruti Suzuki partners Standard Chartered Bank for dealer financing solutions
Maruti Suzuki India Ltd
on Tuesday said it has entered into an alliance with Standard Chartered Bank for
inventory funding
for its dealers. The company has signed a Memorandum of Understanding (MoU) with Standard Chartered for inventory funding which will empower over 4,000
Maruti Suzuki sales outlets
across the country, with comprehensive inventory funding options for their working
capital
requirements, Maruti Suzuki India said in a statement.
"This partnership takes us a step towards further empowering our dealer partners, while the company continues to expand its market presence, as always. This strategic alliance will leverage the combined strengths of MSIL and Standard Chartered to offer comprehensive
working capital solutions
to our dealer partners," Maruti Suzuki India Ltd (MSIL) Senior Executive Officer, Marketing & Sales, Partho Banerjee said.
The financing solution will support dealerships in enhancing their ability to manage inventory efficiently and deliver exceptional service and customer satisfaction, he added.
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Standard Chartered Bank Co-Head, Coverage - India & South Asia, Sanjay Gurjar, said, "We truly believe our supply chain solutions will ensure that Maruti Suzuki dealers receive timely and efficient inventory funding, helping them to thrive in a competitive market space."
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