Mahindra ties up with Sharad Sahakari Bank for car loans

Mahindra & Mahindra Ltd. (M&M Ltd.), has tied up with Sharad Sahakari Bank at Manchar to provide car loans to their customers in Maharashtra. The company signed a Preferred Financier agreement with the bank to provide various finance options to prospective consumers.

With the help of this Memorandum of Understanding (MoU), Mahindra customers in Maharashtra will be able to opt for different vehicle finances from any of the branches of the bank. Mahindra has a wide network of sales and service which expands to 28 dealerships and 85 outlets in Maharashtra itself.

With 13 branches of the bank all over Maharashtra, both the organisations believe that the combined network will benefit customers. The Sharad Sahakari Bank is expanding its operations in commercial and passenger vehicle financing. In a bid to cater to their customers needs they have customised a comprehensive product. The bank plans to offer competitive interest rates as well.

Jacob Varghese, Senior GM, Sales, West Zone, Automotive Division, Mahindra & Mahindra Ltd. said, “At Mahindra, we relentlessly look at options to provide the best schemes to our customers and give them the power of choice. This strategic tie-up is a step in the same direction. Sharad Shakari Bank offers innovative products and services at affordable rates. With highly competitive schemes for car loans and commercial vehicles, we are hopeful of a good response from our dealers and customers.”

Mahindra has been trying relentlessly to serve their customer base in India. They time and again conduct free check-up camps and offer discounts on products across their portfolio. The manufacturer has increased their network of dealers along with the number of service stations not only in the urban areas but rural regions in the country as well.