IndusInd Bank to provide finance to TVS dealers

IndusInd Bank has tied up with TVS Motor Company for providing finance to the latter’s dealers. ‘While this tie-up will help the bank to escalate its realm of trade, it will enable TVS Motor Company to beef up its backward integration programme,’ says a press release from the two companies. ‘Our dealers will have access to ready finance from IndusInd Bank, to meet their working capital requirements,’ said H S Goindi, President – Marketing, TVS Motor Co.

The tie-up will also include other avenues of cooperation, including the provision of consumer finance for TVS two-wheelers. ‘There is an increased need for financing in this sector, and now is the time to demonstrate our support. The dealer financing model fits well with financing of the manufacturer and the consumer segment,’ says Ramesh Ganesan, Head – Transaction Banking, IndusInd Bank.

[Via: indiaautomotive]

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