Maruti Suzuki partners with DBS Bank India for dealer inventory funding

Source : PTI | New Delhi: Maruti Suzuki India announced on Friday that it has signed an agreement with DBS Bank India for dealer inventory funding.

The Memorandum of Understanding (MoU) broadens the range of inventory funding options available to more than 3,863 Maruti Suzuki sales outlets nationwide.

“This partnership is a step towards providing innovative financial products to Maruti Suzuki’s extensive dealer network across the country in line with their growing business needs,” stated Partho Banerjee, Maruti Suzuki India Senior Executive Officer (Marketing & Sales).

Divyesh Dalal, Managing Director and Head, Global Transaction Services, SME, and Institutional Liability Business at DBS Bank India, said the bank will utilize its leading digital supply chain solutions for SMEs and its local presence to support Maruti dealers throughout their business cycles.