New Delhi-Maruti Suzuki India Limited (MSIL) has signed a Memorandum of Understanding (MoU) with Punjab National Bank (PNB) to provide enhanced inventory funding solutions for its dealer network across the country. The partnership aims to streamline dealer financing, offering customised working capital support to meet growing market demands.
The MoU was formalized in the presence of senior leaders from both organizations, including Mr. Partho Banerjee (Senior Executive Officer, Marketing & Sales, MSIL), Mr. Tsuyoshi Takeshita (Executive VP, Marketing & Sales, MSIL), Mr. Vishal Sharma (Vice-President, Maruti Suzuki Finance & Driving School), and Mr. Ashok Chandra (MD & CEO, PNB).
Speaking on the collaboration, Mr. Partho Banerjee said:
Our dealer partners are integral to our success. This partnership with Punjab National Bank ensures they have robust financial support to enhance their operational efficiency and meet customer expectations.
Commenting on the tie-up, Mr. Ashok Chandra, MD & CEO, Punjab National Bank, added:
We are delighted to partner with Maruti Suzuki. PNB’s strong banking legacy and innovative solutions will empower dealers with improved liquidity, faster turnaround times, and simplified financing processes.
About Maruti Suzuki India Limited
India’s leading passenger car manufacturer, MSIL, operates with a vast network of 4,000+ sales outlets and 5,000+ service centers, supported by an 18-vehicle portfolio across diverse segments. With advanced R&D facilities in Rohtak and manufacturing capacity of 2.6 million units annually, Maruti Suzuki continues to dominate the country’s mobility sector.
About Punjab National Bank
Established in 1894, Punjab National Bank is one of India’s oldest and most trusted banks, operating through a network of 10,000+ branches. PNB plays a key role in driving financial inclusion and supporting businesses with innovative financing solutions across the country.
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