Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3657.45
-1.30 (-0.04%)
< Home < Back

M&M inks preferred financier agreement with Bank of Maharashtra

Date: 05-05-2012

Mahindra & Mahindra (M&M), India’s leading SUV manufacturer, has signed a preferred financier agreement with Bank of Maharashtra (BOM), one of India’s premier public sector banks with 77 years of banking history. Under the aegis of this tie-up, M&M customers will be able to avail of vehicle finance services from any of the 1589 branches of BOM.

The tie-up will enable both M&M and Bank of Maharashtra to leverage on the inherent strengths of each other’s vast network of over 250 dealerships and 450 plus branches, respectively. The agreement was signed by General Manager- Credit Priority and Mid Corporate of the bank and Sr. Vice President - Sales & Customer Care, Automotive Division of the company.

M&M operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. Mahindra has a presence in the automotive industry, agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheelers.