Maruti Suzuki inks pact with IDFC First Bank to offer vehicle loans

13 Apr 2023 , 09:35 AM

Maruti Suzuki India Ltd stated that it has partnered with IDFC FIRST Bank to provide auto financing solutions to its clientele.

As per a Memorandum of Understanding (MoU) signed between the two corporations, IDFC FIRST Bank will extend tailored financing alternatives to potential buyers of Maruti Suzuki automobiles. 

The MoU encompasses new cars, used cars, and commercial vehicles, according to a statement released by the bank.

Shashank Srivastava, Senior Executive Officer, Marketing & Sales at Maruti Suzuki India Limited, conveyed his elation regarding the partnership, stating, ‘We are excited to announce our association with IDFC FIRST Bank to provide profitable financial solutions for our esteemed customers. Our aim has always been to provide a comfortable and stress-free financing experience to car buyers, and this collaboration allows us to extend this further by offering an assortment of customized loan benefits provided by the bank.”

Maruti Suzuki expressed that its collaboration with IDFC FIRST Bank will enable it to broaden its spectrum of financing alternatives and furnish consumers with more options and adaptability.

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