Toyota announced the signing of a Memorandum of Understanding (MoU) with the country’s leading new-age banking platform, IndusInd Bank, to enable retail finance for its customers across all the States and Union Territories of the country.
The finance facility at competitive interest rates will be available to customers, including those covered under priority sector schemes, for purchasing Toyota vehicles for both private and commercial use.
As a preferred financer, IndusInd Bank will work closely with Toyota Kirloskar Motor and its dealer partners in locations where it has operations to provide attractive financing packages with customized options for the down payment, tenure, and rate of interest.
Wiseline Sigamani, AGM, Sales & Strategic Marketing, Toyota said via a press release, “Following our successful foray into the B-segment with products such as Glanza and Urban Cruiser, we are witnessing strong demand from smaller cities and towns in addition to the metros.”
“To meet the growing demand and improve the sales experience of our customers in both Metros as well as smaller markets, we are looking to further expand the reach of Toyota products across the country with a sharp focus on the rural market. Given our partner, IndusInd Bank’s wide network, we hope to build on our respective strengths to create the best solutions for our customers”.