Suzuki Motorcycle India Pvt. Ltd. (SMIPL), a subsidiary of Suzuki Motor Corporation, has signed a Memorandum of Understanding (MoU) with Standard Chartered Bank to offer wholesale funding to its dealer partners for vehicles and spare parts. This partnership will support Suzuki Motorcycle India’s dealer partners across India and help them expand their businesses and enhance their operations.
Supporting Dealer Partners with Funding Solutions
The signing of the MoU marks a significant milestone in Suzuki Motorcycle India’s ongoing efforts to support its dealer partners and ensure their growth and success. The program will provide access to funding that will help the dealers meet their financial requirements and thrive in a competitive business environment.
Enhancing Operational Capabilities
The partnership with Standard Chartered Bank will provide customized ecosystem solutions to drive strategic growth for dealer partners in India. This program will unlock new options and provide these dealer partners with exciting possibilities to transform their businesses and enhance their operational capabilities.
Comments from Company Executives
Devashish Handa, Executive Vice President, Sales, Marketing and After Sales, Suzuki Motorcycle India Pvt. Ltd., commented on the MoU signing,
“We are delighted to partner with Standard Chartered Bank to provide our dealer partners with access to funding that will help them grow their businesses. As a responsible company, we are committed to supporting our dealer partners to meet their financial requirements.”
Chandandeep Kaur, Regional Head Global Subsidiaries, India and South Asia, Corporate, Commercial and Institutional Banking, India, Standard Chartered Bank, expressed her views on the partnership,
“We are pleased to partner with Suzuki Motorcycle India to provide funding solutions to their dealer partners. We truly believe that this partnership will aid in unlocking options and providing these dealer partners with exciting possibilities of transforming their businesses and enhancing their operational capabilities.”
The partnership between Suzuki Motorcycle India and Standard Chartered Bank highlights the companies’ commitment to supporting dealer partners and ensuring their growth and success. This program will provide customized ecosystem solutions to drive strategic growth and enhance the operational capabilities of dealer partners in India.
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