SML Isuzu Ltd., one of India’s leading commercial vehicle manufacturers, has signed a Memorandum of Understanding (MoU) with Bajaj Finance Ltd., part of Bajaj Finserv, one of India’s largest and most diversified financial services groups, to provide financing solutions to its customers.
This collaboration will benefit budding entrepreneurs across the country. Bajaj Finance’s omnichannel presence, which includes an extensive geographic network and digital loan processing capabilities, will enable SML Isuzu customers to access loans at competitive interest rates. This partnership aims to empower commercial vehicle buyers and owners with appropriate financing solutions.
SML Isuzu offers a range of commercial vehicles, including 5-tonne to 12-tonne cargo vehicles and 10-seater to 61-seater passenger transportation solutions, addressing the evolving customer demands in the logistics and mass mobility segments. The company has established a wide network of over 250 touchpoints, ensuring quality service and easy access to authentic SML spares.
As of September 30, 2024, Bajaj Finance’s customer franchise stood at 92.1 million, with Assets Under Management amounting to Rs. 3,73,924 crore.