Maruti Suzuki Join Hands with Bank of Maharashtra

Maruti Suzuki has partnered with the Bank of Maharashtra to offer financing opportunities to its dealer partners across India
  • Published On: 20/07/21
  • Views
  • 0 Comments
  • Likes
  • 2 min read
Maruti Suzuki

News Highlights

  • The Bank of Maharashtra is headquartered in Pune
  • The bank has over 2000 branch networks across the country
  • The partnership will provide one-stop services under supply chain finance

Maruti Suzuki India Limited has signed an agreement with the Bank of Maharashtra with an aim to offer inventory financing to its dealers. Under this partnership, the Bank of Maharashtra’s Mahabank Channel Financing Scheme will be providing comprehensive financing opportunities for Maruti Suzuki’s dealer partners across the country. 

On this occasion, Shashank Srivastava, Senior Executive Director, Marketing and Sales, MSIL, commented, “We are thankful that this collaboration with Bank of Maharashtra will offer new-age banking and finance solutions for our dealer partners. There is a business requirement to induct more finance partners for dealer inventory funding keeping in mind long-term business requirements and contingencies.” 


The Bank of Maharashtra is one of the leading public sector banks. It has its headquarters in Pune. Besides this, there are around 2000 branches of the bank spread across India with the largest network of branches in Maharashtra serving 29 million customers. Through this collaboration, the Bank of Maharashtra will be offering facilities like a vast 2,000 branch network across India, flexible limits, competitive pricing, digitized & real-time transaction, and convenient re-payment tenures, to all the Maruti Suzuki India Limited dealer partners. Basically, this tie-up is going to provide one-stop services under supply chain management.

“We are extremely pleased to partner with MSIL, the largest passenger vehicle manufacturer in India, with an aim to provide enhanced digital lending services to its dealers and thereby produce a great synergistic effect. The tie-up will allow us to further consolidate the business to provide one-stop services under supply chain finance. We are optimistic that this partnership will help in leveraging business opportunities in the MSME category and increase market penetration for MSIL,” as commented by AS Rajeev, Managing Director & CEO, Bank of Maharashtra.


Read Also: Maharashtra Government Announces 2021 Electric Vehicle Policy

Related Stories

Skoda Shortlists 15 Names for New Subcompact SUV

Skoda Shortlists 15 Names for New Subcompact SUV; All Set to Debut in March 2025

The upcoming Skoda SUV is going to be the brand’s most affordable sports utility vehicle in the country. ...

  • Published On: 28/03/24
  • 0 Views
  • 2 min read
Kia EV9 Bags Double Win at the 2024 World Car Awards

Kia EV9 Wins 2024 World Electric Vehicle and World Car of the Year Titles at the New York Auto Show

The dual victory marks a significant milestone for Kia, as the company has now won five awards in the 20-year history of the Worl ...

  • Published On: 28/03/24
  • 0 Views
  • 2 min read

Samreen Pall
Author Samreen Pall

A Computer Science graduate but a writer at heart, Samreen has one motto that she swears by: 'Everything is dull and useless if it has no drama in it.' This motto comes to life through her writing and storytelling style. She is the Senior Lead - Content Writer at Droom Technology currently and has a total experience of 5 years. In the past, she has worked with renowned brands while creating and curating amazing content for these brands. She is an avid traveller and loves a quiet sunset on a mountain top.

  • Published On: 20/07/21
  • Views
  • 0 Comments
  • Likes
  • 2 min read

Discover Your Dream Vehicle

Eg: Maruti Suzuki Alto VXI
Eg: Bajaj Pulsar 150
Eg: Honda Activa