New Delhi — In a strategic move to enhance financial support for its extensive dealer network, Maruti Suzuki India Limited (MSIL) has signed a Memorandum of Understanding (MoU) with HSBC India. This collaboration is set to benefit over 4,000 Maruti Suzuki dealerships across the nation, providing them with robust inventory funding solutions to meet their working capital demands.
The MoU signing ceremony featured key representatives from both entities, including Partho Banerjee, Senior Executive Officer – Marketing & Sales; Kamal Mahtta, Vice President – Allied Business; and Vishal Sharma, General Manager – Maruti Suzuki Finance & Driving School from MSIL. Representing HSBC India were Hitendra Dave, CEO; Ajay Sharma, Head of Commercial Banking; Amitabh Malhotra, Head of Global Banking; Gaurav Sahgal, Country Head – Business Banking; and Ms. Runa Baksi, Head of Global Trade Solutions.
Partho Banerjee of Maruti Suzuki remarked, “Our commitment is to empower our dealer partners to stay prepared for evolving customer and market needs. This collaboration with HSBC India will bring innovative and comprehensive inventory financing options to our dealers, bolstering their operational capacity and financial readiness.”
Adding his thoughts, Ajay Sharma of HSBC India said, “We are proud to join hands with MSIL, a frontrunner in India’s automotive industry, to offer our financial expertise to their vast dealer network. With our tailored solutions and in-depth market knowledge, we aim to support dealers at every stage of their growth journey.”
This partnership marks a significant step forward in supporting the automotive sector’s backbone—its dealerships—by ensuring seamless access to essential financial resources.
