Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) has entered into tie-up with leasing and finance firm ORIX India to provide vehicle finance on purchase of medium and heavy trucks of the automaker. ORIX India and M&M’s medium and heavy truck division have signed a Memorandum of Understanding (MoU) for the same.

ORIX will offer funding up to 90% of the cost of the commercial vehicles with its leasing solutions for tenures ranging up to five years at competitive rates. ORIX India is a 100% subsidiary of Japan’s largest car leasing company ORIX Corporation.

M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.