Mahindra & Mahindra Ltd.
21.55 (0.69%) M&M enters into preferred financier tie up with Sharad Shakari Bank
Date: 19-03-2014Mahindra & Mahindra (M&M), India’s leading SUV manufacturer, has signed a Preferred Financier agreement with Sharad Shakari Bank, Manchar. The Memorandum of Understanding (MoU) would enable the company’s customers to avail of vehicle finance from any of the branches of the bank.
The tie-up will enable both the company and the bank to leverage on the inherent strengths of each other’s vast network. Mahindra & Mahindra has a network of over 28 dealer outlets and 85 branches respectively across Maharashtra, while Sharad Shakari Bank has 13 branches.
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.