Auto major Hyundai Motor India Ltd (HMIL) on Monday entered into a memorandum of understanding (MOU) with Chennai-based Indian Bank.
The MoU was signed by R Sethuraman, vice president - finance & corporate affairs, HMIL, and VA Somayajulu, general manager, Indian Bank.
The tie-up with Indian Bank for car finance will considerably increase the reach for Indian Bank as well as for Hyundai Motor India Ltd as it will cater to the current customers of the former besides bringing in new customers for both, said Arvind Saxena, director- marketing & sales, HMIL.
With a customer base of over 20 million, Indian Bank has over 1,700 branches in the country apart from two overseas branches.
