Hyundai Motors India Limited has joined hands with private bank IndusInd which will provide easy car loans for Hyundai models. Both of them have signed a Memorandum of Understanding that will provide leverage to Hyundai to access new markets and customers while IndusInd Bank will provide finance to an array of passenger cars through its wider network of branches across the country.
"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," Hyundai Motor's senior vice-president, Marketing and Sales, Arvind Saxena, said.
IndusInd currently marks its presence at 147 locations across 28 states and UTs in India with its 180 branches. Hyundai believes that such a partnership will benefit both the company and the bank as customers will have convenient and easy loans for Hyundai cars sourced through yet another bank of customer’s choice.