Suzuki Motorcycle India inks MoU with SMFG India Credit

Date: 19 Jan 2024

Suzuki Motorcycle India Private Limited, the two-wheeler subsidiary of Suzuki Motor Corporation, Japan entered into an MoU with SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Co. Ltd.)to provide quick and hassle-free financing on purchase of Suzuki two-wheelers. SMFG India Credit is registered as an NBFC - Investment and Credit Company (NBFC-ICC) with the Reserve Bank of India, and a member of Sumitomo Mitsui Financial Group (SMFG).

The partnership will allow customers to avail retail financing options round-the-clock on purchase of their favorite Suzuki two-wheeler. The MoU will also provide additional benefits to the customers, such as vehicle loan sanction within minutes and hassle-free documentation.

Commenting on the partnership, Kenichi Umeda, Managing Director, Suzuki Motorcycle India Pvt. Ltd. said, “Considering our continuous growth in the Indian market, it becomes imperative for us to associate with financiers who can facilitate ease of purchasing Suzuki Two Wheelers. The idea is to offer flexible, yet easy retail finance offers, keeping in mind the needs of our customers. We are confident that our engagement with SMFG India Credit will be another step in enhancing our ability to cater to the needs of our growing customer base in India and thereby support our growth plans.”

As part of this association, customers can get faster approval with nominal documentation, at a competitive interest rate. To add to this convenience, SMFG India Credit offers easy scheme options, digital login, 24*7 operational support and pre-approved offers.

Ajay Pareek, Chief Business Officer, SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Co. Ltd.) said: “As the preferred financing partner of Suzuki Motorcycle India, one of the known brands in the Indian two-wheeler market, SMFG India Credit is committed to offering best in class finance solutions to their customers. This collaboration aligns perfectly with our mission of being the company of choice in the financial services space and a partner for progress. Being a diversified NBFC, we are well poised to provide customers with a wide range of tailor-made products beyond two-wheeler loans, helping them achieve their personal or business goals. Keeping this in mind, we are deeply focused on partnering with top OEMs across key sectors. We are thrilled to begin this partnership and look forward to jointly serving millions of customers across India.”



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