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Suzuki Motorcycle has signed a ‘preferred financer’ agreement with IndusInd Bank. Under the tie-up, the bank will extend retail finance to Suzuki’s two-wheeler customers across its 250 dealerships.
The MoU was signed on July 18 by Mr Rakesh Kumar, National Head - Sales Planning and Dealer Development, Suzuki Motorcycle India, and Mr S.V. Parthasarathy, Executive Vice-President - Consumer Finance, IndusInd Bank.
The venture will also enable Suzuki two-wheelers to leverage the reach and expertise of IndusInd Bank to finance a larger set of customers and help Suzuki’s future plans.
Suzuki Motorcycle started domestic operations in 2006 and has a manufacturing plant at Gurgaon (Haryana) with an annual plant capacity of 4.5 lakh units.
It sells bikes such as the mass-focussed 110cc Hayate, 125cc Slingshot, GS150R, apart from two 125cc scooters – Swish and Access.
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