Maruti Suzuki India Limited (MSIL) has signed a Memorandum of Understanding (MoU) with Punjab National Bank (PNB) to provide enhanced inventory funding solutions for its dealer network across India.
This partnership aims to streamline financial support, improve working capital availability, and strengthen the overall dealer ecosystem.
Partnership Highlights
- Customized inventory funding for dealer working capital needs.
- Stronger liquidity to help dealers manage operations efficiently.
- Simplified processes and faster turnaround times for financing.
The MoU was signed in the presence of senior leaders from both organizations.
From Maruti Suzuki:
- Mr. Partho Banerjee, Senior Executive Officer, Marketing & Sales
- Mr. Tsuyoshi Takeshita, Executive Vice President, Marketing & Sales
- Mr. Vishal Sharma, Vice President, Maruti Suzuki Finance & Driving School
From Punjab National Bank:
- Mr. Ashok Chandra, MD & CEO
- Senior delegates from the bank
Leaders Speak
Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India Limited, said:
“Our dealer partners are integral to our success. This partnership with Punjab National Bank ensures robust financial support to meet market demand. It will enhance operational capabilities and improve customer satisfaction. This collaboration reflects our shared vision to strengthen India’s mobility sector.”
Ashok Chandra, MD & CEO, Punjab National Bank, added:
“We are delighted to partner with Maruti Suzuki. PNB will provide tailored financing solutions for its vast dealer network. With our strong legacy and focus on innovation, we will deliver timely and efficient support. This tie-up empowers dealers with improved liquidity, faster processing, and simplified systems to grow their businesses.”
Strengthening the Mobility Ecosystem
This strategic tie-up highlights the joint commitment of Maruti Suzuki and Punjab National Bank to support India’s growing automotive sector. By empowering dealers with better financial solutions, both organizations aim to accelerate growth and improve the customer experience.