Maruti Suzuki India Limited has signed a strategic Memorandum of Understanding (MoU) with Chhattisgarh Gramin Bank, creating a new partnership aimed at expanding vehicle financing access across Chhattisgarh. The agreement will help customers—especially in rural and semi-urban regions—secure competitive loans for both new passenger cars and commercial vehicles.
The collaboration leverages the bank’s extensive presence, with more than 600 branches and offices covering every district of the state. This will allow Maruti Suzuki to reach a wider base of buyers and offer tailored, easy-to-access financing solutions.
The MoU was formalized in the presence of top executives, including Partho Banerjee, Senior Executive Officer – Marketing & Sales at Maruti Suzuki, and Vinod Kumar Arora, Chairman of Chhattisgarh Gramin Bank.
Banerjee noted that the partnership reinforces Maruti Suzuki’s mission of making vehicle ownership more accessible through attractive and customer-friendly financing options. With over 4,500 sales outlets, 5,500 service centers, and an annual production capacity of 2.6 million units, the automaker continues to strengthen its retail ecosystem.
Arora added that the alliance aligns with the bank’s goal of increasing financial inclusion and expanding its retail lending portfolio, especially in rural areas. As a government-owned scheduled bank, Chhattisgarh Gramin Bank focuses on agriculture, MSMEs, and consumer financing.
The partnership marks another step in Maruti Suzuki’s broader strategy to offer diverse, customer-centric finance solutions across its portfolio of 18 vehicle models, helping unlock new market opportunities across multiple segments.
