Mahindra & Mahindra Ltd. has chosen Sharad Sahakari Bank in Manchar as its preferred financier for prospective Mahindra car buyers in Maharashtra. M&M and Sharad Sahakari Bank inked Memorandum of Understanding regarding the new pact according to which customers can choose from various lucrative schemes on offer by the bank.
Sharad Sahakari Bank has several branches scattered across Maharashtra, from where customers can avail car loans for buying any of the Mahindra cars. In Maharashtra, Mahindra has a wide network of sales and service with 28 dealerships and 85 outlets spread across the state. On the other hand, Sharad Sahakari bank has 13 branches located in various parts of Maharashtra. Besides customers, Mahindra and Sharad Sahakari bank both will be benefited with this new pact. Customers particularly can avail car loans at competitive rates exclusive to people living in Maharashtra. The Sharad Sahakari Bank too is looking at widening its operations in commercial and passenger vehicle financing.
Commenting on the tie-up, Jacob Varghese, Senior GM, Sales, West Zone, Automotive Division, Mahindra & Mahindra Ltd. said that the main objective of company is to provide its customers the best available schemes to finance their cars. The pact formed between M&M and Sharad Sahakari Bank is an innovative initiative that will lure many customers to avail easy car finance at affordable interest rates. Finance can be availed by the customers in Maharashtra for passenger cars and commercial vehicles offered by Mahindra. M&M is hopeful that this tie-up will yield positive results. Mahindra has been proffering discounts across its line-up and has been conducting free check up camps, these innovative initiatives help the company to build a strong connect with the customers in India. With a vast dealer and service network spread across the nation, in both urban and rural areas, Mahindra has a strong foot hold in the country.
