Maruti Suzuki, DBS Bank India Partners For Dealer Financing Solutions

Maruti Suzuki India (MSIL) has signed a Memorandum of Understanding (MoU) with DBS Bank India for dealer inventory funding. This new alliance further enhances comprehensive inventory funding options for over 3,863 Maruti Suzuki sales outlets across the country.

Speaking on the occasion, Partho Banerjee, Senior Executive Officer of Marketing & Sales at Maruti Suzuki India, said, “This partnership is a step towards providing innovative financial products to Maruti Suzuki's extensive dealer network across the country in line with their growing business needs. We are elated about this milestone as DBS Bank India joins hands with Maruti Suzuki for assisting our dealer partners with inventory financing solutions. This strategic alliance strengthens our relationship with the bank, harnessing the combined capabilities of MSIL and DBS Bank India to deliver comprehensive working capital solution for our dealer partners.”

Commenting on the partnership, Divyesh Dalal, Managing Director and Head, Global Transaction Services, SME and Institutional Liability Business, DBS Bank India, said, “DBS Bank India will leverage its leading digital supply chain solutions for SMEs and domestic presence to ensure that MSIL dealers are supported throughout the entire business cycle.  Our nuanced understanding of local business realities and evolving dealer needs, coupled with our tailored product offering will enable us to meet Maruti Suzuki’s dealer requirements through timely inventory financing. Our collaboration is a step towards building a long-term partnership with MSIL.”