Maruti Suzuki partners with HDB Financial Services

With an objective to facilitate easy financing for customers, Maruti Suzuki India Limited (MSIL) today partnered with HDB Financial Services Limited (HDBFS), a leading Non-Banking Financial Company (NBFC), to provide customised and attractive car loans for customers.

The tie-up will facilitate loans for new as well as used cars. Maruti Suzuki has a vast network of 3,066 new car retail outlets across 1,953 cities and towns. Maruti Suzuki has 569 outlets of pre-owned car retail channel-True Value in over 280 locations. With this MoU, Maruti Suzuki now has a retail finance tie-up with 26 banks, seven NBFCs and eight Regional Rural Banks (RRBs).

Incorporated in 2007, HDB Financial Services Limited is a subsidiary company of HDFC Bank. It has a network of over 1,425 branches in 1,038 towns and cities.

The partnership with HDB Financial Services Limited will boost the convenience by offering attractive loan schemes to customers.

The stock of the company closed at 6384.40, down by 0.07 per cent or Rs 4.25 per share. The intraday high is Rs 6420.25 and intraday low is Rs 6209.15. The 52-week high is Rs 7755 and 52-week low is Rs 5447 on BSE.