AMW Motors, India’s third largest heavy commercial vehicle maker, today said it has tied up with IndusInd Bank for vehicle finance.
The company expects its collaboration with the private sector lender will help expand its reach to customers and offer them a range of financing options, AMW Motors said in a release here.
“This retail finance loan tie-up with IndusInd Bank will be a great boon to buyers with a good track record as they look to expanding and diversifying their fleet and help them grow their businesses,” AMW Motors President, A Ramasubramanian said in the release.
AMW, which has a 50,000 commercial vehicles per annum capacity facility at Bhuj, Gujarat, offers trucks ranging from 16 to 49 tonnes and has pioneered several segments in the domestic market. It has created construction and mining segments in the CV market with its range of tippers.
The company has 123 dealerships and over 1,500 touch points, which include sales and service centres, authorised service outlets and mobile vans, among others.
IndusInd Bank, which has 530 branches across the country, commands more than 10 per cent market share in the commercial vehicle/equipment lending sector.