Maruti Suzuki Partners With IDBI Bank For Inventory Funding

Maruti Suzuki India (MSIL) has signed a Memorandum of Understanding (MoU) with IDBI Bank for inventory funding. This new alliance will empower 4000+ Maruti Suzuki sales outlets across the country with comprehensive inventory funding options for their working capital requirements.

Speaking on the partnership, Shashank Srivastava, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India, said, “We have worked closely with IDBI Bank in developing curated product and end-to-end working capital solutions for our dealer partners across the country. Our dealer partners are the backbone of our business, and we are committed to supporting them in enhancing their capabilities to address the growing Indian passenger vehicle market.”

The MoU was signed in the presence of Shashank Srivastava, Senior Executive officer — Marketing & Sales, Bhuvan Dheer, Executive Vice President — Sales & Network and Vishal Sharma, General Manager — Allied Business from Maruti Suzuki; and Rakesh Sharma, Managing Director, Suresh Khatanhar, Deputy Managing Director, Nagraj Garla, Executive Director of IDBI Bank, along with other senior members from both the organisations.

Commenting on the partnership, Rakesh Sharma, Managing Director at IDBI Bank, said, “IDBI Bank’s Supply-Chain Finance will provide easy access to working capital finance to the dealers of MSIL, at favourable terms for driving their business growth.”