Mumbai: Maruti Suzuki India Limited (MSIL) has forged a strategic partnership with HSBC India to provide dealer financing solutions, enhancing the working capital options for its vast network of over 4000 sales outlets nationwide. This new collaboration, formalised through a Memorandum of Understanding (MoU), empowers Maruti Suzuki dealerships with comprehensive inventory funding options to meet evolving market demands.

The MoU was signed with key representatives from both companies in attendance. From Maruti Suzuki, senior executive officer of marketing & sales, Partho Banerjee; VP of allied business, Kamal Mahtta; and general manager of Maruti Suzuki finance & driving school, Vishal Sharma. HSBC India was represented by CEO, Hitendra Dave; head of commercial banking, Ajay Sharma; head of global banking, Amitabh Malhotra; country head of business banking, Gaurav Sahgal; and head of global trade solutions, Runa Baksi.

Commenting on the collaboration, Banerjee said, “We are committed to support our dealers in ensuring their readiness as per evolving customer and market needs. Our collaboration with HSBC India will focus on innovative financing solutions for inventory funding for our dealer partners. This strategic alliance will leverage the combined strengths of MSIL and HSBC India to offer comprehensive working capital solutions for our dealer partners.”

Sharma also shared his enthusiasm, noting, “We are pleased to collaborate with MSIL, a leader in the country’s automotive sector, as a financing partner to their extensive dealer network. Our deep understanding of the business dynamics and the evolving needs of dealers coupled with our tailored product offerings will enable us to support dealers through every stage of their business growth.”