IndusInd Bank ties up with Maruti Suzuki

NEW DELHI: Private sector lender IndusInd Bank on Tuesday said it has entered into a tie-up with the country's largest car maker Maruti Suzuki India for financing vehicles.

"As per the agreement, Maruti Suzuki India has nominated IndusInd Bank as its preferred financier for financing all Maruti vehicles. IndusInd Bank will offer financing facilities to all eligible customers for purchasing Maruti vehicles through its network of 180 branches spread over 147 geographical locations," IndusInd Bank said in a statement.

"This strategic alliance is part of our expansion strategy in the consumer finance segment...We see excellent synergy in this relationship for both organisations," IndusInd Bank Executive Vice President (Consumer Finance Division) S V Parthasarathy said.

"We have the right products and a nationwide sales and services network to support this growth...We are confident that with partners like IndusInd Bank we will win customer confidence and achieve the objective of greater penetration," Maruti Suzuki India Chief General Manager R S Kalsi said.