Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation has inked an MoU with Standard Chartered Bank to provide wholesale funding to its dealer partners for vehicles and spare parts. The program will support Suzuki Motorcycle India’s dealer partners across India and enable them to expand their businesses and enhance their operations.
Commenting on the MoU signing, Mr. Devashish Handa, Executive Vice President, Sales, Marketing and After Sales, Suzuki Motorcycle India Pvt. Ltd. said, “We are delighted to partner with Standard Chartered Bank to provide our dealer partners with access to funding that will help them grow their businesses. As a responsible company, we are committed to supporting our dealer partners so that they can meet their financial requirements. This program is a testament to our commitment, and we look forward to a successful partnership with Standard Chartered Bank.”
Commenting on the partnership, Mr. Chandandeep Kaur, Regional Head of Global Subsidiaries, India and South Asia, Corporate, Commercial and Institutional Banking, India, Standard Chartered Bank, said, “We are pleased to partner with Suzuki Motorcycle India to provide funding solutions to their dealer partners. At Standard Chartered Bank, we are committed to supporting businesses in India by providing them with the necessary financial tools and developing customised ecosystem solutions to drive their strategic growth. We truly believe that this partnership will aid in unlocking options and providing these dealer partners with exciting possibilities of transforming their businesses and enhancing their operational capabilities.”
The Program Sign up with Standard Chartered Bank is part of Suzuki Motorcycle India’s ongoing efforts to support its dealer partners and ensure their growth and success. The company remains committed to delivering innovative solutions that help its dealerships to thrive in a competitive business environment.