CarWale

      • Recently Viewed

      • Trending searches
    • Home
    • News
    • Toyota Kirloskar Motor and Bank of Baroda introduce finance options for customers and dealers

    Toyota Kirloskar Motor and Bank of Baroda introduce finance options for customers and dealers


    Authors Image

    Aditya Nadkarni

    5,733 Views
    Toyota Kirloskar Motor and Bank of Baroda introduce finance options for customers and dealers

    - TKM and Bank of Baroda have signed MOUs to enable finance options

    - The new service will facilitate customers to customised solutions

    Toyota Kirloskar Motor (TKM) has signed Memorandums of Understanding (MoUs) with Bank of Baroda, to enable finance options for its customers and dealers. Bank of Baroda will be one of the preferred financiers for the entire range of vehicles sold by TKM.

    The new service facilitates customers to avail customised solutions such as on-road funding of 90 per cent, repayment period of 84 months, and no pre-payment or foreclosure charges. On the other hand, TKM dealers will receive digitised supply chain finance. 

    Commenting on the tie-up, Naveen Soni, Senior Vice President, Sales and Service, TKM, said, “The association is part of our efforts to enable new-age banking and finance solutions for a hassle-free and seamless experience for both our customers and dealers. Under our customer-first approach, we will continue to innovate and offer more options to our customers and dealers reflecting the prevailing needs and emerging market demand. The MoU with Bank of Baroda comes at an opportune time for us, with our recent foray into the B-segment with new models like the all-new Toyota Urban Cruiser. We have also been witnessing good demand from both large and small cities and towns for both, the Urban Cruiser and the Glanza. Under the association, we will have access to their extensive network spread across the country including metros and Tier II and III cities and towns. They are an ideal partner for us and we are delighted and look forward to working closely with them to increase the reach of Toyota products to every nook and corner of India.”

    • Toyota
    • Fortuner
    • Toyota Fortuner
    • Yaris
    • Toyota Yaris
    • Innova Crysta
    • Toyota Innova Crysta
    • Toyota Glanza
    • Glanza
    • Toyota Urban Cruiser
    • Urban Cruiser
    • Facebook Share Link
    • Twitter Share Link
    • Gmail Share Link
    Loading...

    Things You Shouldn't Miss

    • toyota-cars
    • other brands
    Toyota Innova Crysta

    Toyota Innova Crysta

    ₹ 16.27 Lakh
    onwards
    Avg. Ex-Showroom price
    Show price in my city
    JUST LAUNCHED
    24thNOV

    Popular Videos

    Mail Image
    Sign up for our Newsletter
    Get all the latest updates from the automobile universe
    • upcoming cars
    • popular cars
    Nissan Magnite

    Nissan Magnite

    ₹ 5.50 - 9.55 LakhEstimated Price

    When to expect - 2nd December 2020