Saturday, 6 March 2010

HMIL signed MoU with SBT for vehicle finance

Hyundai Motor India Ltd (HMIL), the second largest car manufacturer and the largest passenger car exporter, has signed an Memorandum of Understanding with State Bank of Travancore (SBT), a premier nationalised bank based in Thiruvananthapuram, Kerala, to assist customers in financing auto loans.

The tie-up was signed in the presence of Sri Arvind Saxena, Sr. VP, Marketing & Sales, Hyundai Motor India Ltd and Sri A K Jagannathan, Managing Director, State Bank of Travancore. According to the MoU, HMIL will help both the partners to reach out to wider market and make loans convenient and easy to finance. The automobile company also has strategic tie-ups with Syndicate Bank, Bank of India, Punjab National bank, Canara Bank, Bank of Baroda and Corporation Bank.
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