Mahindra & Mahindra Financial Services (Mahindra Finance) has entered into agreement with DLL, a global financial solutions provider and fully-owned subsidiary of the Rabobank Group, to extend their long-standing U.S. joint venture. The joint venture, under the name Mahindra Finance USA, offers retail and wholesale financing in the United States for Mahindra Ag North America (MAgNA), which assembles and distributes tractors, side-by-sides, and implements in North America. DLL and MMFSL bring more than 60 years of combined experience in financial services and equipment lending.
Along with the joint venture agreement, Mahindra Finance USA and MAgNA have agreed to an extension of their Program and Support Agreement for retail and wholesale financing in the U.S.
Mahindra Finance is one of India’s leading non-banking finance companies.
