Mahindra ties up with Canara Bank for vehicle finance

uto maker Mahindra & Mahindra today said it has tied up with Canara Bank to provide loan facility to its customers.

The company has entered into a preferred financier tie-up with Canara Bank. The Memorandum of Understanding will enable Mahindra customers to avail of a car loan from any of the 4,600 branches of the bank, Mahindra & Mahindra (M&M) said in a statement.

The tie-up will enable both M&M Ltd and Canara Bank to leverage on the inherent strengths of each other's vast pan-India network of 4,600 branches and 250 dealers, respectively, it added.

"At Mahindra, we relentlessly look at options to provide the best finance schemes to our customers and give them the power of choice. This strategic tie-up is a step in the same direction," M&M Automotive Division, Chief Sales & Customer Care Officer, Arun Malhotra said.

Canara Bank Chief General Manager R R Sharma said the bank is expanding its operations in passenger vehicle financing.

EDITORIAL OF THE DAY

  • Mob rage against the Tanzanian woman betrays racial and gender prejudices

    The mob rage in Bangalore against the Tanzanian woman is a national disgrace from which we can never recover even if we punish the wrong doers.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sachin Shridhar

VIPism is casteism by another name

Much has been written and lamented about the all-pervasive VIP ...

Zehra Naqvi

‘What if the British never came to India?’

Legendary Canadian writer Margaret Atwood proves as elusive to the ...

Bubbles Sabharwal

It's the life in your years that counts

We are all in a sense pilgrim souls enjoying the ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture