Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3394.30
-148.30 (-4.19%)
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M&M enters into Financier agreement with J&K Bank

Date: 30-04-2013

Mahindra & Mahindra (M&M), the country’s leading SUV manufacturer, has signed a Preferred Financier agreement with J&K Bank. The Memorandum of Understanding (MoU) would enable Mahindra customers to avail vehicle finance from any of the branches of the Bank. The MoU was signed by Mr Arun Malhotra, Chief Sales & Customer Care Officer, Automotive Division, Mahindra & Mahindra and Mr. Pushap Kumar Tickoo, President, J&K Bank.

The tie-up will enable both the company and J&K Bank to leverage on the inherent strengths of each other’s vast network of over 250 dealer outlets and 685 branches respectively across India. In Jammu & Kashmir, the company has a network of 6 Dealers and J&K Bank has 577 Branches.

Mahindra & Mahindra is the flagship company of the Mahindra Group. The company’s core automotive and farm equipment businesses have grown into market leaders whose triple bottom line ethic is driving industry trends towards technological innovation, social responsibility, and constantly improving customer satisfaction.