Hyundai Motor India Ltd signed a memorandum of Understanding (MOU) with Canara Bank. With more than hundred years of its proud existence Canara Bank has a wide network of over 2700 branches and ATMs across the country. This association with HMIL will help both the partners to reach out to wider market and make auto loans convenient and easy for prospective car owners.

Speaking on the occasion, Arvind Saxena, Sr. Vice President, Marketing & Sales, HMIL, said, "In the current scenario, we consider it as a welcome move as there is a need for increased financing options for our customers."