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 ...
The central bank said it conducted statutory inspection of the two companies with reference to their financial position as on March 31, 2020
Auto financier granted additional secured funding to certain accounts that were under stress and made changes to the terms of original sanction
Every second car sold in India is now financed by this arm, whose transactions grew 25% in 2016
The company, which is tapping bond market for the first time ever, expects its business to triple in next four years