South Indian Bank and Mahindra have formed a partnership to provide financing solutions to Mahindra’s dealers. Through a Memorandum of Understanding (MOU) signed on Wednesday, South Indian Bank will offer finance solutions to meet the vehicle inventory funding requirements of Mahindra dealers.
Baneswar Banerjee, Vice President of Sales in Mahindra & Mahindra’s Automotive Division, expressed satisfaction with the collaboration, emphasizing that it will provide suitable inventory financing solutions to their dealer network.
He also highlighted the shared commitment between Mahindra and South Indian Bank in delivering superior offerings to Indian consumers.
Our association with South Indian Bank will provide our dealer network with suitable inventory financing solutions. We are happy to partner with SIB which carries a similar tradition to us in serving India’s consumers with superior offerings. We look forward to working closely with SIB to further improve our value chain delivery equations and enhance our services – , Baneswar Banerjee, Vice President, Sales, Automotive Division, Mahindra & Mahindra Ltd.
