Maruti Suzuki India Limited (MSIL) has signed a Memorandum of Understanding (MoU) with Hero FinCorp Limited to enhance financing options for both new and pre-owned car buyers. This strategic partnership aims to combine Maruti Suzuki’s extensive dealership network with Hero FinCorp’s customized financial solutions, making car ownership more accessible and convenient. The MoU was signed in the presence of senior executives from both companies, including Partho Banerjee, Senior Executive Officer, Marketing & Sales, Kamal Mahtta, Vice President, Allied Business, and Vishal Sharma, General Manager, Maruti Suzuki Finance & Driving School, along with Abhimanyu Munjal, MD & CEO of Hero FinCorp. Speaking on the collaboration, Banerjee emphasized Maruti Suzuki’s commitment to offering innovative, transparent, and customer-centric financing solutions, adding that MSIL now has over 40 retail finance partners. Munjal highlighted Hero FinCorp’s mission to support aspirations across India, particularly in Tier 2 and Tier 3 cities, through seamless digital financing journeys and deep market penetration. As India’s leading passenger car manufacturer, Maruti Suzuki operates over 4,000 sales and 5,000 service outlets, supported by an advanced R&D facility in Rohtak and a production capacity of 26 lakh units annually. Meanwhile, Hero FinCorp, one of India’s fastest-growing NBFCs, continues to expand its presence with over 4,000 touchpoints across 2,000 locations, reinforcing its commitment to providing accessible financial solutions for every segment of society.
Maruti Suzuki and Hero FinCorp Join Hands to Enhance Car Financing Solutions
