Maruti Suzuki Partners with Equitas Bank for Vehicle Financing

New Delhi- Maruti Suzuki India Limited (MSIL)., a passenger car manufacturer, has signed a Memorandum of Understanding (MoU) with Equitas Small Finance Bank to expand vehicle financing options for its customers. This strategic partnership will offer customized retail financing solutions for new cars, pre-owned vehicles, and commercial vehicles, enhancing the accessibility and affordability of Maruti Suzuki vehicles for a broader range of customers.

By leveraging Equitas Small Finance Bank’s growing customer network, the partnership is set to offer a comprehensive range of financing options, including competitive interest rates and customized plans that cater to the diverse needs of Maruti Suzuki’s customers across India.

The MoU signing ceremony was attended by Mr. Partho Banerjee, Senior Executive Officer – Marketing & Sales, and Mr. Vishal Sharma, Vice President – Maruti Suzuki Finance & Driving School, along with Mr. Jagadesh J, Head – Retail Assets at Equitas Small Finance Bank, and other senior officials from both organizations.

Mr. Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India Limited, said, “Our collaboration with Equitas Small Finance Bank will enable us to reach an even wider audience and offer them with competitive financing offers, to add to the joy of buying a new car. We are confident that this partnership will drive growth and customer satisfaction. We remain dedicated to providing a wide range of easy and hassle-free finance options for our esteemed customers. Our partnership with Equitas Small Finance Bank reinforces this vision, providing tailored and affordable financing options for our customers.”

Mr. Jagadesh J, Head – Assets, Equitas Small Finance Bank Limited, said, "At Equitas, we are always focused on enabling customer's aspirations and this collaboration with Maruti Suzuki, a leader in the automotive industry, is a step towards serving our customers even better. This partnership aligns with our mission of 'Customer- First' and cater to their needs by providing them with accessible and affordable financing solutions, in purchasing their vehicle. We look forward to helping more individuals and families across the country to turn their dream of owning a Maruti Suzuki vehicle into reality.”

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