South Indian Bank Signs MoU with DICV

This partnership will provide easy financing solutions for the complete range of BharatBenz commercial vehicle

Mumbai- South Indian Bank., has signed an MOU with Daimler India Commercial Vehicles Pvt Ltd., (DICV) to provide customized financing for BharatBenz dealers. This partnership will offer easy financing with minimal collateral, competitive rates, and streamlined credit processing for the entire BharatBenz commercial vehicle range.

Ms. Biji S S, Senior General Manager & Group Business Head, South Indian Bank, said, "We are pleased to partner with Daimler India Commercial Vehicles. It is our endeavour to provide convenient and comprehensive financing solutions to dealers through our diverse financial offerings. We believe that this partnership will fulfil the business needs of both organisations and create a positive impact.

"Mr. Sreeram Venkateswaran, President & Chief Business Officer, Daimler India Commercial Vehicles, said, “We are excited about our partnership with South Indian Bank, as it enables us to provide our dealer partners with tailored, flexible, and competitive financing solutions nationwide. Ensuring easy access to financing is crucial for the success of our valued dealers. This collaboration aims to simplify financing options, empowering our partners to achieve their business goals."

Daimler India Commercial Vehicles produces and markets BharatBenz-branded trucks, spanning from 10 to 55 tons, as well as buses, coaches, and bus chassis. The company is dedicated to providing superior products and services through a robust network of over 350 touchpoints. It also offers specialized service packages, including Rakshana, which ensures vehicle repair and delivery within 48 hours by skilled technicians at its dealerships.

The MOU was signed in the presence of Ms. Biji S S, Senior General Manager & Group Business Head, South Indian Bank, Ms. Karthika S, Zonal Business Head, Corporate Business Group, South Indian Bank, Mr. Sharan Rao, AVP – CV Financing & Insurance, Daimler India Commercial Vehicles, and Mr. Rishab Shandilya, AVP – Business Finance Sales India, Daimler India Commercial Vehicles.