Mahindra & Mahindra inks pact with Muthoot Capital Services
Mahindra & Mahindra, country’s largest commercial vehicle maker has inked pact with Muthoot Capital Services by signing a preferred financier agreement for vehicle finance related services. With this tie-up both the companies will leverage on the inherent strength of each other’s network of over 250 dealer outlets and 3,000 financial services outlets across the country.
As per the plan, initially this tie up will be established in south India, Goa, Maharashtra and Gujarat and the services will be positioned aggressively at par with the prevailing market rates. Through this initiative, Muthoot Capital Services aimed at having a decisive stake in the growing auto finance segment as the three-wheeler segment is picking up quite well despite the difficult market conditions.