AMW Motors ties up with IndusInd Bank for vehicle finance

NEW DELHI: Commercial vehicle maker AMW Motors today said it has inked a pact with IndusInd Bank for vehicle finance.


The company has entered into an agreement with IndusInd Bank for financing retail sales of its range of medium and heavy haulage vehicles and tippers, AMW Motors said in a statement.

"This retail finance loan tie-up with IndusInd Bank will be a great boon to buyers with a good track record as they look to expanding and diversifying their fleet," AMW Motors President A Ramasubramanian said.

The company expects that the agreement with IndusInd Bank will help its sales offices and dealerships to reach out to more truck operators across the country and offer them a range of financing options, he added.

IndusInd Bank is one of India's leading private sector banks with over 530 branches across the country. The bank has a strong presence in the North, South and Eastern regions of country and has more than 10 per cent market share in the commercial vehicle, commercial equipment lending sector.

AMW Motors is the country's third largest manufacturer of heavy commercial vehicles. It sells trucks ranging from 16 to 49 tonnes.