The two-wheeler division of Suzuki Motor Corporation, Suzuki Motorcycle India Pvt. Ltd. (SMIPL), and Standard Chartered Bank have signed a Memorandum of Understanding (MoU) to provide wholesale financing to their dealer partners for cars and replacement components. The initiative will help Suzuki Motorcycle India’s retail partners grow their companies and improve their operations across India.
Speaking on the MoU signing, Mr. Devashish Handa, Executive Vice President, Sales, Marketing and After Sales, Suzuki Motorcycle India Pvt. Ltd. said, “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 trustworthy business, we are dedicated to helping our vendor associates meet their financial obligations. This initiative is evidence of our dedication, and we anticipate a fruitful collaboration with Standard Chartered Bank.
Commenting on the partnership, Mr. Chandandeep Kaur, Regional Head of Global Subsidiaries, India and South Asia, Corporate, Commercial and Institutional Banking, India, Standard Chartered Bank, said, “We are pleased to partner with Suzuki Motorcycle India to provide funding solutions to their dealer partners. At Standard Chartered Bank, we are dedicated to assisting Indian companies by offering them the required financial resources and creating tailored ecosystem solutions to support their long-term expansion. We firmly believe that this alliance will help open doors and give our dealer partners exciting opportunities to change their companies and improve their organizational efficiency.
The Program Sign up with Standard Chartered Bank is part of Suzuki Motorcycle India’s ongoing efforts to support its dealer partners and ensure their growth and success. The company remains committed to delivering innovative solutions that help its dealerships to thrive in a competitive business environment.
