Maruti Suzuki India Limited (MSIL) signs Memorandum of Understanding (MoU) with Hero FinCorp Limited to enhance financing options for both new and pre-owned car buyers.

The partnership aims to leverage Maruti Suzuki’s vast dealership network and Hero FinCorp’s customized financial solutions to make car ownership more accessible, according to reports.

Senior representatives from both businesses, including Vishal Sharma, General Manager, Maruti Suzuki Finance & Driving School; Kamal Mahtta, Vice President, Allied Business; and Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki, were present as the agreement was formally signed.

Representing Hero FinCorp were MD & CEO Abhimanyu Munjal and other senior executives.

Partho Banerjee says that with this partnership, Maruti Suzuki aims to enhance its financing ecosystem, catering to a diverse customer base across India.

“Collaborating with Hero FinCorp builds on our ability to offer innovative, transparent, and attractive financing solutions that address ever-evolving customer needs for car finance," says Partho.

 

"With this tie-up, MSIL today has over 40 retail finance partners for our customers to choose from, giving them a wide array of finance options to suit their varied needs,” adds Partho.

Highlighting Hero FinCorp’s commitment to financial inclusion, Abhimanyu Munjal says that Hero FinCorp is on a mission to fuel the country's aspirations.

“This partnership with Maruti Suzuki takes us a step further towards making car ownership easier, more accessible, and truly hassle-free for every Indian. As India trades up, our deep reach in Tier 2, Tier 3 cities, and beyond, combined with seamless digital journeys powered by proprietary tech capabilities, ensures that we continue Empowering Every Indian’s Dream of Upward Mobility,”  says Abhimanyu.