Central Bank, AMW in MoU for financing vehicles

MUMBAI: Central Bank of India has inked a memorandum of understanding (MoU) with commercial vehicles-maker Asia MotorWorks (AMW) for financing to AMW's vehicle customers.

AMW's long relationship with Central Bank of India gets further strengthened through this initiative which seeks to leverage the bank's extensive branch network to cater to the financial requirements of AMW's retail customers, a release issued here today said.

AMW was founded in 2002 and has made a mark in niche segments of the medium and heavy commercial vehicle industry. Its vehicles are manufactured at Bhuj in Gujarat.