Maruti Suzuki India Ltd.

Maruti Suzuki India, country’s largest car maker, has signed a Memorandum of Understanding (MOU) with Muthoot Vehicle and Asset Finance (MVFL) to provide vehicle finance for Maruti cars. The finance scheme named Muthoot Maruti Gold to Car Scheme will give Maruti customers the freedom to get 100% on road financing for their vehicles across Kerala. Vehicles would be funded by MVFL and the down payment for the vehicle will be financed by the NBFC Muthoot Finance on gold collateral.

Maruti Suzuki is one of the most popular and favourite cars manufacturer in India. Recently, the company had registered jump of 33.50% in its total car sales (Domestic + Export) for the month of June 2014 at 112773 units, as against 84,455 units in June 2013. The company’s domestic sales also rose by 31.1% in June 2014 at 100964 units, as against 77002 units in corresponding month last year.