AMW ties up with SBI for vehicle finance

Commercial vehicle maker AMW Motors Ltd today said it has tied up with State Bank of India for financing sales of its entire range of vehicles.

The national level tie-up through SBI network of over 13,000 branches will provide a big fillip for AMW vehicles, the company said in a statement.

"SBI's vast urban and rural network will enable truck operators from all over the country to access easy and competitive financing," AMW Motors Ltd President A Ramasubramanian said.

As per the agreement, SBI would offer competitive rates of interest to customers on fully built vehicles, chassis as well as body-building, he added.

The agreement will act as a great incentive for the company's dealers as well as sales offices and help in its aggressive growth plans, AMW added.

AMW is India's third largest manufacturer of heavy commercial vehicles. The company sells trucks ranging from 16 to 49 tons.