TVS Motor Company, one of the leading two-wheeler makers in the Indian auto market, has signed a vehicle financing pact with the Central Bank of India. The company signed the memorandum of understanding with the Central Bank of India on Friday for offering finance to the customers of its popular three-wheeler TVS King. The TVS King three-wheeler is currently available in the market in three fuel types including LPG, Petrol and CNG.
The documents of this MoU were exchanged between Mr. K Srinivasan (Three Wheeler sales) and Mr. Ram S Sangapure (General Manager of Retail at the Central Bank of India).
While Speaking on this latest tie-up, Mr. Srinivasan said, "This initiative will provide retail finance options to customers who wish to purchase a (three-wheeler) TVS King. The MoU is tailor made to provide benefits to customers with longer tenure option of up to seven years at an interest rate of 11.25 per cent with 90 per cent funding."
According to a statement given by Mr. Ram S Sangapure, "Customers have easy access to us as we have pan-India presence through a large network of more than 4000 branches."
