Maruti Suzuki India Ltd announced on Sept 14 that it has partnered with Indian Bank to offer financing to its dealers. According to the company, the two parties signed a Memorandum of Understanding (MoU) that will provide over 4,000 Maruti Suzuki dealerships nationwide with comprehensive inventory funding options for their working capital requirements.

"This alliance with Indian Bank will strengthen relationships with dealer partners and ensure a seamless car buying experience for customers," said Shashank Srivastava, Maruti Suzuki India Senior Executive Officer, Marketing & Sales.

"Our goal has always been to collaborate closely with Indian Bank in developing personalised offers and end-to-end working capital solutions for our dealer partners across the country," he explained.

Indian Bank Executive Director Ashutosh Choudhury said the bank's supply-chain finance will provide easy access to working capital finance to Maruti Suzuki dealers, at favourable terms which will help drive their business growth.