Maruti Suzuki ties up with PNB to offer enhanced inventory funding solutions for dealers
on Wednesday said it has inked an initial pact with
Punjab National Bank
to offer enhanced
inventory funding solutions
for its
dealer network
across the country.
Maruti Suzuki and
Punjab National Bank
have signed a Memorandum of Understanding (MoU) to this effect.
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The collaboration aims to streamline and strengthen the financial ecosystem for the company's dealers by providing customised inventory funding for
working capital requirements
, the auto major said in a statement.
by Taboola
by Taboola
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"Our dealer partners are integral to our success. This partnership with Punjab National Bank is a step forward in ensuring they have robust financial support to meet growing market demands," Maruti Suzuki India Senior Executive Officer Marketing & Sales
Partho Banerjee
said.
The tie-up will empower dealers with improved liquidity, faster turnaround times, and simplified processes, enabling them to manage their operations more efficiently, Punjab National Bank (PNB) MD & CEO Ashok Chandra said.
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