Vehicle Firms

Commercial vehicle maker Daimler India said on Tuesday it has partnered with Bajaj Finance to offer tailor-made vehicle financing options for both its customers and dealers. The strategic partnership will offer customer-focused finance solutions with faster turnaround times for loan approvals, streamlined credit appraisal processes, and customised financing options to suit various customer needs, Daimler India Commercial Vehicles (DICV) said. As part of this collaboration, Bajaj Finance will provide a comprehensive range of finance products with flexible terms and conditions to cater to different business requirements, it said. "...This partnership helps our customers grow their businesses with confidence and capitalise on new market opportunities," said Sreeram Venkateswaran, President and Chief Business Officer at Daimler India Commercial Vehicles. "We are rolling out bespoke solutions for various customers from single truck owners to fleet operators providing them flexible ...

Hindustan Petroleum Corporation Limited (HPCL India) in partnership with Saudi Arabia-based Petromin Corporation on Monday launched the first set of 16 express vehicle service centres in Bengaluru and Chennai. These are the first of 1,000 'HP Petromin Express Centres' planned across the country over the next few years, a joint statement said. Petromin Express India, a subsidiary of Petromin Corporation, had said last month that it will be partnering with HPCL to invest around USD 100 million to set up around 1,000 vehicle service centres at HPCL retail outlets in India. The Express Centres will offer the walk-in customer basic maintenance services that will be completed in just 30 minutes, the statement said. The business model conceived is expected to generate about 5,000 jobs over the next few years, it said. "The Express Centres are set to totally disrupt the current status of the automotive after-market in India", said CEO, Petromin India & SE Asia, Sanjay Nigam.

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