New Delhi, 31 May 2024 – Maruti Suzuki India Limited (MSIL) has entered a strategic partnership with DBS Bank India Limited to enhance dealer inventory funding. This collaboration aims to provide comprehensive inventory funding options to over 3863 Maruti Suzuki sales outlets across India.
The Memorandum of Understanding (MoU) was signed in a formal ceremony attended by key executives from both organizations. Representing MSIL were Partho Banerjee, Senior Executive Officer for Marketing & Sales, Nobutaka Suzuki, Senior Executive Officer for Marketing & Sales, Kamal Mahtta, Vice President of Allied Business, and Vishal Sharma, General Manager of Maruti Suzuki Finance & Driving School. From DBS Bank India, Surojit Shome, Managing Director & CEO, and Divyesh Dalal, Managing Director & Head of Global Transaction Services, SME and Institutional Liabilities, participated alongside other senior members.
Partho Banerjee expressed his enthusiasm about the partnership, stating, “This collaboration marks a significant step towards offering innovative financial products to Maruti Suzuki’s extensive dealer network. We are thrilled to join hands with DBS Bank India to provide our dealer partners with vital inventory financing solutions. This strategic alliance not only strengthens our relationship with the bank but also leverages the combined capabilities of MSIL and DBS Bank India to deliver comprehensive working capital solutions for our dealers.”
Echoing this sentiment, Divyesh Dalal of DBS Bank India remarked, “We are delighted to partner with Maruti Suzuki India Limited, a leader in the country’s automotive sector. As a trusted financing partner, DBS Bank India will utilize its leading digital supply chain solutions for SMEs and its domestic presence to support MSIL dealers throughout their business cycles. Our deep understanding of local business realities and evolving dealer needs, combined with our tailored product offerings, will enable us to meet Maruti Suzuki’s dealer requirements through timely inventory financing. This collaboration is a step towards building a long-term partnership with MSIL.”
This new alliance marks a significant milestone in providing robust financial solutions to support the growth and operational efficiency of Maruti Suzuki’s extensive dealer network across the nation.
