Maruti Suzuki collaborates with Saraswat Co-operative Bank Ltd. for retail car financing

New Delhi: Maruti Suzuki India Limited (MSIL), today, announced signing of a MoU (Memorandum of Understanding) with Saraswat Co-operative Bank Ltd (Saraswat Bank). Under this collaboration, the Saraswat Bank will provide customised auto retail financing solutions for customers. With this tie-up, MSIL aims to help dealer partners offer comprehensive retail financing solutions to its customers.

The MoU was signed in the presence of Mr. Partho Banerjee, Senior Executive Officer, Marketing & Sales, Mr. Bhuvan Dheer, Executive Officer, Marketing & Sales, Mr. Kamal Mahtta, Vice President, Allied Business and Mr. Vishal Sharma, General Manager, Maruti Suzuki Finance & Driving School from Maruti Suzuki; and from Saraswat Bank – Mr. Gautam E Thakur - Chairman, Mr. Priyam Alok - Chief Business Officer, Mrs. Arti Patil - MD & CEO, Mr. Laxman Samant - Director and Mr. Kiran Umrootkar - Director and other senior officials from both organizations.

Speaking on the partnership, Mr. Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India Limited, said, “At Maruti Suzuki, customers remain at the heart of everything we do. Our partnership with Saraswat Bank is a step forward in providing our customers with easy, flexible, and personalized financing options that cater to their needs. By leveraging the collaboration with Saraswat Bank, we will ensure that customers can access tailored financing solutions, making the process of owning a Maruti Suzuki vehicle all the more convenient. This initiative also reaffirms our commitment to constantly widen our gamut of offerings to our customers, aligning perfectly with our vision of spreading the joy of mobility for all.”

Sharing his thoughts on the alliance, Mr. Gautam E Thakur, Chairman, Saraswat Co-operative Bank Limited, said, "We are glad to have Maruti Suzuki as our partner for offering car financing solutions. This association will ensure that customers have very competitive terms and best possible services, which shall benefit them immensely.”

About Maruti Suzuki India Limited

Maruti Suzuki is India’s leading passenger car manufacturer with a vast network of 4000+ sales and 5000+ service outlets. An extensive product portfolio of 18 vehicles across different price ranges, enables strong market presence, built on customer trust. Maruti Suzuki has an advanced Research and Development facility in Rohtak and multiple manufacturing facilities.

About Saraswat Co-operative Bank Limited

Saraswat Bank, with a legacy of over a hundred years, is the largest urban co-operative bank in India. Built on the pillars of trust, integrity and service, it is committed to providing its customers the highest level of service. With 300 plus branches and ATMs and presence in 6 states viz. Maharashtra, Goa, Gujarat, Karnataka, Madhya Pradesh and Delhi, the Bank has maintained an impeccable record of uninterrupted profits since its inception - it posted a total business of over Rs. 82,000 crore as on 31st March, 2024. Driven by technology and inspired by tradition, the bank offers myriad personal and business banking solutions tailored to suit unique needs.

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PR & Communications
Maruti Suzuki India Limited,
#1 Nelson Mandela Road, Vasant Kunj, New Delhi
Ph: 91-11-4678 1000
Email: corp.comm@maruti.co.in | Twitter: @Maruti_Corp