Syndicate Bank has signed a Memorandum of Understanding (MOU) with TVS Motor Company Limited (TVSM) for financing of the latter’s three-wheeler. Under the agreement, Syndicate Bank will offer loans at reduced margins to customers aspiring to buy TVS King. The MOU was executed by S Ramji, General Manager, Syndicate Bank and K Srinivasan, Vice President, Sales & Service – Three Wheeler Business, TVS Motor Company, at Syndicate Bank, Corporate Office, Bangalore. As per the MOU Syndicate Bank will offer finance for purchase of TVS King through all its 2493 branches across the country. Both companies have a wide distribution network in the urban, semi urban and rural areas and will leverage on their wide networks for mutual benefit. This alliance will not only help reach prospective buyers across the country, but also open up new markets and customers, both for Syndicate Bank as well as TVS Motor Company. While this MOU will help increase the bank’s exposure to micro enterprises, it also acts as a catalyst to promote the option of self-employment.
Designed with a unique abrasive film for higher performance, TVS Apache, a friction brand of Brakes India, launched platinum brake pads for the luxury car range which have been designed for comfort an...
Uno Minda, a leading Tier 1 supplier of proprietary automotive solutions to original equipment manufacturers (OEMs), has announced the launch of its BS VI -compliant automotive engine oils for two-whe...
Vida, powered by Hero, the emerging mobility brand of Hero MotoCorp, has initiated operations of its public charging infrastructure in Bengaluru, Delhi and Jaipur. The brand has set up nearly 300 cha...