Eicher Motors Ltd.

BSE: 505200 | NSE: EICHERMOT
Large Cap | Automobile Two & Three Wheelers
7319.60
4.75 (0.06%)
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Eicher Motors' JV enters into strategic agreement with Cholamandalam Investment

Date: 15-07-2015

Eicher Motors' JV - Eicher Polaris has entered into a strategic agreement with Cholamandalam Investment and Finance Company to extend finance to Multix consumers. Through this partnership, Chola intends to offer convenient, quick and easy access to attractive vehicle financing options to prospective Multix’s customers across India.

On entering into an agreement with Eicher Polaris, Chola becomes a preferred financier for Multix. With this, auto retail finance for Multix will now be available throughout the 534 branches of Chola and at all proposed dealerships of Multix across India.

Eicher Polaris (EPPL) an equal joint venture (JV) between Eicher Motors and Polaris Industries Inc. Eicher Polaris has recently launched ‘Multix’, India’s first Personal Utility Vehicle, targeted at ‘Independent Businessmen’.