Maruti Suzuki India, the country's leading auto manufacturer, has entered into an initial agreement with IDBI Bank to offer tailored financial solutions and comprehensive inventory funding options. The Memorandum of Understanding (MoU), signed on Wednesday, is aimed at addressing the working capital needs of more than 4,000 Maruti Suzuki sales outlets across India.
Shashank Srivastava, Maruti's Senior Executive Officer (Marketing & Sales), underscored the crucial role that dealer partners play in their business model during Wednesday's announcement. He also reiterated the company's steadfast commitment to bolstering their capacities, particularly in light of the rapidly growing Indian passenger vehicle market.
This collaboration between Maruti Suzuki India and IDBI Bank underlines the auto manufacturer's strategic move to ensure its dealer network has the necessary financial support to meet increasing demand. By providing customized financial solutions and extensive inventory funding options, Maruti hopes to enhance its dealers' ability to operate effectively and efficiently in the expanding market.
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