Maruti ties up with Shriram for rural car finance
The country`s largest carmaker Maruti Suzuki India signed an agreement with Shriram City Union Finance with an initial allocation of Rs 10 billion, to penetrate deeper into the semi urban and rural India. The tie-up would focus on financing of entry-level cars from the Maruti portfolio, which include the M800, Omni and Alto models. Initially, this arrangement would be available in Kerala, Karnataka, Tamil Nadu and Andhra Pradesh and subsequently extended countrywide. The agreement is a joint initiative of the two companies to provide competitive car finance to people in Tier-II and Tier-III cities across the country.
|