DICV signs MoUs with two banks for financing solutions of commercial vehicl
Date: 27 Aug 2015
Daimler India Commercial
Vehicles Pvt. Ltd. (DICV) the 100pc wholly-owned subsidiary of Daimler AG has
signed two Memorandum of Understandings (MoUs) with Canara Bank and State Bank
of Bikaner and Jaipur to provide commercial vehicle financing packages to
BharatBenz customers across the country.
Announcing the partnerships,
Erich Nesselhauf, CEO and Managing Director, DICV, said, "Partnering with
State Bank of Bikaner and Jaipur and Canara Bank as our preferred financiers
allows us to strengthen our presence across key North and South regions, due to
its outreach to interior markets. This partnership will help our dealers in
this region to leverage on the banks support and promote BharatBenz products in
these markets. We are confident that our customers will benefit from the viable
finance options provided by the bank, and they can be assured of competitive
financing solutions with tailor-made offerings for our BharatBenz trucks."
The agreements were signed by
and between R Madhusudan, General Manager, Canara Bank and Arghadip Roy, Deputy
General Manager and National Head- Retail and Channel Finance, Daimler India
Commercial Vehicles Private Ltd. (DICV) and Prabudass Ealumalai, Senior
Manager, Retail Finance South of DICV in Bangalore and Rakesh Kaushal, Deputy
General Manager (MSME), State Bank of Bikaner and Jaipur and Arghadip Roy,
Deputy General Manager and National Head- Retail and Channel Finance, Daimler
India Commercial Vehicles Private Ltd. (DICV) and Amit Bhatia, Senior Manager,
Retail Finance North of DICV in Jaipur.
Apart from Daimler’s own
captive financing brand, BharatBenz Financial, Canara Bank and State Bank of
Bikaner and Jaipur now becomes a key financing partner for BharatBenz along
with others like HDFC Bank, ICICI Bank, Sundaram Finance, Kotak Bank etc.,
adding substantial choice and value for customers, said a press note from DICV.
Source: Daimler India Commercial Vehicles Pvt. Ltd.