Daimler India Commercial Vehicles Pvt. Ltd. (DICV) signed two Memorandum of Understandings (MoUs) with Canara Bank and State Bank of Bikaner and Jaipur recently to provide commercial vehicle financing packages to BharatBenz customers across the country.
Announcing the partnerships, Mr. Erich Nesselhauf, CEO and Managing Director, DICV, said, “Partnering with State Bank of Bikaner and Jaipur and Canara Bank as our preferred financiers allows us to strengthen our presence across key North and South regions, due to its outreach to interior markets. This partnership will help our dealers in this region to leverage on the banks support and promote BharatBenz products in these markets. We are confident that our customers will benefit from the viable finance options provided by the bank and they can be assured of competitive financing solutions with tailor-made offerings for our BharatBenz trucks.”
State Bank of Bikaner and Jaipur is the largest bank in Jaipur with wide network which covers most key business centers across Pan-India.
The agreements were signed by and between Mr. R. Madhusudan, General Manager, Canara Bank and Mr. Arghadip Roy, Deputy General Manager and National Head, Retail and Channel Finance, Daimler India Commercial Vehicles Private Ltd. (DICV) and Mr. Prabudass Ealumalai, Senior Manager, Retail Finance South of DICV in Bangalore and Mr. Rakesh Kaushal, Deputy General Manager (MSME), State Bank of Bikaner and Jaipur and Mr. Arghadip Roy, Deputy General Manager and National Head- Retail and Channel Finance, Daimler India Commercial Vehicles Private Ltd. (DICV) and Mr. Amit Bhatia, Senior Manager, Retail Finance North of DICV in Jaipur.
Being a dominant financial institution, with wide coverage, the customers have huge trust in these banks. Apart from Daimler’s own captive financing brand, BharatBenz Financial, Canara Bank and State Bank of Bikaner and Jaipur now becomes a key financing partner for BharatBenz along with others like HDFC Bank, ICICI Bank, Sundaram Finance, Kotak Bank etc., adding substantial choice and value for customers.