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Partnership will introduce tailored financial products to better meet the needs of businesses seeking commercial vehicles.
Date: July 30, 2024
Chennai- Daimler India Commercial Vehicles (DICV)., a subsidiary of Daimler Truck AG., has announced a strategic partnership with Bajaj Finance, part of Bajaj Finserv Group, to offer tailored financing solutions for its commercial vehicle customers and dealerships. This partnership will improve financing options for DICV's commercial vehicle range.
The MoU between DICV and Bajaj Finance will introduce tailored financial products to better meet the needs of businesses seeking commercial vehicles.
Mr. Sreeram Venkateswaran, President & Chief Business Officer, Daimler India Commercial Vehicles, said, “We are delighted to partner with Bajaj Finance, as this enables us to offer enhanced and accessible financing solutions to our customers. This collaboration strengthens DICV's ability to provide superior Total Cost of Ownership (TCO), representing a significant advancement in our commitment to deliver exceptional value and support. This partnership helps our customers grow their businesses with confidence and capitalize on new market opportunities."
The partnership will deliver customer-centric finance solutions with quicker loan approvals, streamlined credit processes, and tailored options. Bajaj Finance will offer flexible finance products to meet diverse business needs, improving access to funds for fleet owners and dealerships and ensuring a smooth financing experience.
Mr. Anup Saha, Deputy Managing Director, Bajaj Finance, said, “Our partnership with Daimler India Commercial Vehicles is unique and set to redefine customer experience in the commercial vehicle financing space. We are rolling out bespoke solutions for various customers from single truck owners to fleet operators providing them flexible financing options designed to optimize their cash flows and fuel their business growth. Our digital solutions leveraging the India Stack make the experience of owning commercial vehicles swift and seamless. The commercial vehicle industry is showing immense promise. Daimler’s state-of-the-art products and the tech-led financing experience of Bajaj Finance will empower small and large fleet owners alike. The partnership will enable us to jointly contribute to the growth of India's logistics and transportation sectors.”
Bajaj Finance will leverage DICV's expanding network to access new markets and customer segments, boosting its market presence. This alliance will deliver valuable financial products and services, driving business efficiency and growth for both companies.
