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Key Points

Maruti Suzuki has teamed up with Equitas Small Finance Bank to provide accessible financing solutions for its vehicles. The partnership aims to cater to diverse customer needs, including new, used, and commercial vehicle buyers. Competitive financing offers will be tailored to enhance affordability and customer satisfaction. This collaboration strengthens Maruti Suzuki’s commitment to hassle-free vehicle ownership.

Key Points: Maruti Suzuki Partners with Equitas Bank for Car Financing

  • Expands financing options for Maruti Suzuki customers
  • Targets new, used, and commercial vehicle buyers
  • Leverages Equitas Bank’s growing customer base
  • Aims to enhance affordability and accessibility
2 min read

Maruti Suzuki collaborates with Equitas Small Finance Bank to expand retail car financing network

Maruti Suzuki and Equitas Small Finance Bank join forces to offer affordable financing for new, used, and commercial vehicles.

"This partnership will drive growth and customer satisfaction. – Partho Banerjee, Maruti Suzuki"

New Delhi, June 15

Maruti Suzuki India has signed an MoU with Equitas Small Finance Bank, entering into a strategic vehicle financing partnership for customers.

The carmaker said in a statement this week that this collaboration, which aims to provide retail financing solutions for new, used, and commercial vehicles, will enhance the accessibility and affordability of Maruti Suzuki vehicles for a broader range of customers.

The collaboration with Equitas Small Finance Bank will leverage the bank's growing customer base to benefit diverse Maruti Suzuki customer profiles and offer them a range of comprehensive financing solutions.

"The strategic partnership will also offer competitive financing offers that are tailored to provide greater customer benefits," the carmaker added in its statement.

Partho Banerjee, Senior Executive Officer, Marketing and Sales, Maruti Suzuki India Limited, said the collaboration with Equitas Small Finance Bank will enable them to reach an even wider audience and offer them with competitive financing offers.

"We are confident that this partnership will drive growth and customer satisfaction. We remain dedicated to providing a wide range of easy and hassle-free finance options for our esteemed customers. Our partnership with Equitas Small Finance Bank reinforces this vision, providing tailored and affordable financing options for our customers," Banerjee added.

Jagadesh J, Head - Assets, Equitas Small Finance Bank Limited, said, "At Equitas, we are always focused on enabling customer's aspirations and this collaboration with Maruti Suzuki, a leader in the automotive industry, is a step towards serving our customers even better."

"This partnership aligns with our mission of 'Customer- First' and cater to their needs by providing them with accessible and affordable financing solutions, in purchasing their vehicle. We look forward to helping more individuals and families across the country to turn their dream of owning a Maruti Suzuki vehicle into reality," Jagadesh J added.

Maruti Suzuki is India's leading passenger car manufacturer with a vast network of 4000+ sales and 5000+ service outlets.

It has an extensive product portfolio of 18 vehicles across different price ranges. Maruti Suzuki has an advanced Research and Development facility in Rohtak and multiple manufacturing facilities with a production capacity of 23.5 lakh units per annum.

- ANI

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Reader Comments

R
Rahul K
This is great news for middle-class buyers! Maruti already makes affordable cars, and now with easier financing options from Equitas, more people can realize their dream of car ownership. Hope they offer lower interest rates than current market options. 🚗
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Priya M
As someone who bought a used Maruti through traditional financing, I can say this partnership will make the process much smoother. The paperwork and approval times with small finance banks are usually better than nationalized banks. Good move!
A
Amit S
While this seems beneficial, I hope they maintain strict quality checks on used vehicles. Many first-time buyers might opt for pre-owned cars through this scheme - Maruti should ensure proper certification to prevent lemon cars being sold.
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Neha T
Excellent initiative! This will really help small business owners who need commercial vehicles. The kirana store owner in my locality has been wanting to upgrade his old Maruti van - maybe now he can afford it with better financing terms. #MakeInIndia
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Sanjay P
Maruti continues to understand the Indian market better than anyone else. First they make fuel-efficient cars, now making them financially accessible too. But I wish they'd focus more on electric vehicle options - that's the real future!
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Kavita R
As a working woman planning to buy my first car, this news comes at perfect timing! Small finance banks often have more flexible policies for women borrowers. Hope they announce special schemes for women professionals soon. 🤞

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