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Maruti Suzuki ties-up with Dena Bank for vehicle financing

Maruti Suzuki India (MSI) has tied-up with Dena Bank for vehicle financing in personal as well as commercial segments. The Bank expects a sustainable growth in auto loan segment with this tie-up. The Bank has also recently introduced auto dealers pay out scheme.

Besides, the company is targeting to sell 3 lakh units of vehicles equipped with different automatic transmission technologies by 2020. The company currently sells around 94,000 units per annum of vehicles with AGS (automated gear shift), AT (automatic) and CVT (continuously variable transmission).

Maruti Suzuki India (formerly known as Maruti Udyog) is an automobile manufacturer in India. It provides passenger cars, utility vehicles and vans. The firm also offers pre-owned car sales, fleet management and car financing services.

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