Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3158.75
29.60 (0.95%)
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Mahindra & Mahindra enters into preferred financier tie up with State Bank of Patiala

Date: 13-03-2014

Mahindra & Mahindra (M&M), India’s leading SUV manufacturer, has entered into a Preferred Financier tie-up with State Bank of Patiala. The Memorandum of Understanding (MoU) signed in Patiala on March 10, 2014 will enable Mahindra customers to avail of a vehicle loan from any of the 1,175 branches of the bank. The tie-up will enable both M&M and State Bank of Patiala to leverage on the inherent strengths of each other’s vast pan-India network of 1175 branches and 250 dealers, respectively.

Mahindra & Mahindra (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.