AMW Motors Ltd (AMW) announced that it has entered into an agreement with the State Bank of India (SBI) for the financing of sales of the entire range of medium and heavy commercial vehicles. The Indian CV maker believes that this national level tie-up through SBI’s network of over 13,000 branches across the country will be bolstering its sales. AMW expects that this agreement with SBI will act as a great incentive for its dealers and sales offices in the country and help continue its aggressive growth plans. According to the MOU, SBI branches will offer competitive rates of interest to customers for the purchase of any model from the M&HCV range of AMW vehicles. The facility will be available on fully built vehicles, chassis as well as bodybuilding. The agreement also provides for loan support for registration, taxes and insurance. Existing customers of AMW as well as first time users can avail of the facility.
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