India’s third largest heavy commercial vehicle manufacturer, AMW Motors Ltd., has announced that it has entered into an agreement with IndusInd Bank for financing retail sales of its range of medium and heavy haulage vehicles and tippers.
Mr. A. Ramasubramanian, President, AMW Motors, said: “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. AMW has an extremely loyal customer base and will avail of this scheme to grow their businesses.”
AMW expects that this agreement with IndusInd Bank will help its sales offices and dealerships to reach out to more truck operators across the country and offer them a range of financing options.
IndusInd Bank is one of India’s leading private sector banks with over 530 branches across the country. The bank has a strong presence in the northern, southern and eastern regions of India and has more than 10 per cent market share in the commercial vehicle/commercial equipment lending sector.