Maruti Suzuki India Limited (MSIL) has entered a strategic partnership with HSBC India to provide inventory funding solutions for its extensive dealer network. The Memorandum of Understanding (MoU) signed , aims to support over 4,000 Maruti Suzuki sales outlets across India with enhanced inventory funding options to meet their working capital needs.
Present at the signing were senior officials from both organizations, including Partho Banerjee, Senior Executive Officer — Marketing & Sales at MSIL, and Hitendra Dave, CEO of HSBC India, along with other key leaders. The collaboration seeks to strengthen MSIL’s dealer financing framework by offering innovative funding solutions through HSBC’s expertise in commercial banking.
Mr. Partho Banerjee emphasized Maruti Suzuki’s commitment to enhancing dealer readiness to meet shifting customer demands, stating, “Our alliance with HSBC India will provide tailored financing solutions for our dealer partners, supporting their growth and responsiveness to market needs.”
Ajay Sharma, Head of Commercial Banking at HSBC India, highlighted the partnership’s benefits, saying, “Our collaboration with MSIL enables us to leverage our financial expertise to support Maruti Suzuki’s vast dealer network through each stage of their business growth.”
The MSIL-HSBC alliance underscores Maruti Suzuki’s dedication to empowering its dealerships with comprehensive financial tools, fostering business resilience and growth within India’s automotive sector.
