JLR India & HDFC Bank Signs MoU For Auto Financing

Luxury carmaker, JLR (Jaguar Land Rover) India and HDFC Bank, a private sector bank, have signed a Memorandum of Understanding (MoU) for auto financing. The Bank will now be JLR’s preferred vehicle financier that will bring benefits for consumers such as special financing schemes, exclusive offers/ events, and priority services / engagements.

By leveraging the combined strengths of both brands, the aim is to provide customers with seamless financing options and a modern luxury car buying experience. The MoU which encompasses offerings for the entire range of JLR models, was signed by Rajan Amba, Managing Director of JLR India and Arvind Vohra, Group Head, Retail Assets at HDFC Bank. 

Speaking on the development, Arvind Vohra, Group Head – Retail Assets, HDFC Bank, said, “We are excited about this partnership with an iconic and aspirational automotive brand like JLR. The Bank will leverage its robust execution capabilities to offer a seamless customer experience.”

The services will be available across all JLR exclusive showrooms and dealerships.

Commenting on the partnership, Rajan Amba, Managing Director at JLR India, said, “Our dealer partners are integral to our business, and we are pleased to be able to develop solutions to help them in ease of doing business. We are excited to partner with HDFC Bank for this financing program, which will further strengthen the access of our dealer partners to increased working capital. By integrating HDFC Bank's expertise and extensive reach, we aim to offer our clients a tailored range of financial choices that cater to their individual needs.”