Providing further stimulus to
its domestic growth, Honda Motorcycle & Scooter India Pvt. Ltd. has signed
a Memorandum of Understanding with IndusInd Bank, offering retail finance to
its customers at an attractive rate of interest on all Honda 2wheeler models.
Present at the MoU signing
ceremony were Yadvinder Singh Guleria (Senior Vice President – Sales &
Marketing, Honda Motorcycle & Scooter India Pvt. Ltd.) and S.V.
Parthasarathy (Senior Executive Vice President & Head - Consumer Finance
Division, IndusInd Bank Ltd.) along with other dignitaries.
Elaborating on this
partnership Yadvinder Singh Guleria, Senior Vice President, Sales &
Marketing, Honda Motorcycle & Scooter India Pvt. Ltd. said, “In two wheeler
industry, retail finance penetration is increasing and more & more
customers are looking at various finance options. Riding on the aggressive
network expansion plan & increased product portfolio, we will continue to
create options that will enable customers to buy their favourite two wheeler. Driven by this partnership with
IndusInd Bank, we aim to grow Honda’s retail finance significantly.”
Honda’s customers can not only
buy a Honda two-wheeler at an attractive rate of interest, but can reap
benefits up to Rs. 7,500 through this retail finance scheme. IndusInd Bank will
offer financing facilities to all eligible customers for purchasing Honda two
wheelers through its network of over 1000 branches spread pan India. Customers can avail loan up to 90pc of the
product value, with a repayment period of 36 months. Other benefits include
zero processing fee and quick loan approval in just 1 hour through tab based
technology used for field inspection and proposal login.
On the occasion, S.V. Parthasarathy, Senior
Executive Vice President & Head - Consumer Finance Division, IndusInd Bank
Ltd. said, “This alliance is a part of our strategy to remain a leading player
in the field of two-wheeler financing. This association will bring about a
synergistic benefit for both the organizations, enabling world class customer
experience in terms of product and processes.”
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