Maruti Suzuki and Bank of Baroda join hands to support Dealer Inventory Financing
Back To Top images
quicklink quicklink

book a
test drive

Book a test drive

Please confirm your details


The fields marked as * are mandatory


I agree that by clicking the ‘Continue’ button below, I am explicitly soliciting a call from Maruti Suzuki India Ltd. Or its partners on my ‘Mobile’.

Successfully sent!

Thank you for your interest in Maruti Suzuki Arena .
Due to the on-going COVID19 situation, we are putting the health and well-being of our employees and customers above everything else. Please expect a delay in response at this time. We would urge you to practice social distancing, stay at home, and follow the Government’s directives to help contain the spread.

Get
price list

Price list

Know the exact price* for all Maruti Suzuki cars here.

*Ex-showroom Price

add to
compare

Add To Compare

Car 02

select products to compare

Car 01

contact us

Get A Quote

via mobile number

The fields marked as * are mandatory

I agree that by clicking the ‘Continue’ button below, I am explicitly soliciting a call from Maruti Suzuki India Ltd. Or its partners on my ‘Mobile’.

Car details

The fields marked as * are mandatory

Dealer details

Successfully sent!

Thank you for your interest in Maruti Suzuki Arena .
Due to the on-going COVID19 situation, we are putting the health and well-being of our employees and customers above everything else. Please expect a delay in response at this time. We would urge you to practice social distancing, stay at home, and follow the Government’s directives to help contain the spread.

Enquiry IDs already exist. Kindly select if you want to continue with an existing enquiry ID.
SLNO Enquiry No. Dealer Details Action
OR

contact us

Get A Quote

via mobile number

The fields marked as * are mandatory

I agree that by clicking the ‘Continue’ button below, I am explicitly soliciting a call from Maruti Suzuki India Ltd. Or its partners on my ‘Mobile’.

Car details

The fields marked as * are mandatory

Dealer details

Successfully sent!

Thank you for your interest in Maruti Suzuki Arena .
Due to the on-going COVID19 situation, we are putting the health and well-being of our employees and customers above everything else. Please expect a delay in response at this time. We would urge you to practice social distancing, stay at home, and follow the Government’s directives to help contain the spread.

Enquiry IDs already exist. Kindly select if you want to continue with an existing enquiry ID.
SLNO Enquiry No. Dealer Details Action
OR

Maruti Suzuki and Bank of Baroda join hands to support Dealer Inventory Financing

Jun 21, 2019

Bank of Baroda becomes ‘Preferred Financer’



New Delhi: Maruti Suzuki India Limited today announced signing of ‘Preferred Financier’ MoU (Memorandum of Understanding) agreement with Bank of Baroda, one of India’s largest public sector bank.

The MoU was signed between Mr. P S Jayakumar, MD & CEO, Bank of Baroda and Mr. Shashank Srivastava, Executive Director, Marketing and Sales, Maruti Suzuki India Limited. Present at the occasion were Mr. Ajay Seth, Senior Executive Director & CFO, Maruti Suzuki India Limited and other senior officials from both the organizations.

The partnership with Bank of Baroda will allow Maruti Suzuki to provide more comprehensive financing opportunities for dealers as well as customers. The dealer inventory financing will be done as per bank of Baroda’s existing product program of Supply Chain Finance.


Commenting on the alliance, Mr. Shashank Srivastava, Executive Director, Marketing and Sales, Maruti Suzuki India Limited said, “We are confident that this collaboration with one of India’s largest public sector bank will offer new-age banking and finance solutions for our customers and dealer partners. At Maruti Suzuki, we strive to deliver best customer experience and this new collaboration will help us in ensuring the same. I’m confident all our customers and dealer partners will take benefit of this new alliance.”


Sharing his thoughts on the alliance, Mr. P S Jayakumar, MD & CEO, Bank of Baroda said, “We are delighted to be associated with India’s largest passenger vehicle manufacturer - Maruti Suzuki India Limited. Given the huge potential available in the auto loan/commercial finance segment, we are hopeful that this agreement strengthens our presence in these segments and increases market penetration for Maruti Suzuki in India.”


In Pic(L to R): Mr. Litesh Majethia, Sr. VP & Head, Supply Chain Finance, BoB; Mr. Ajay Seth, Senior Executive Director & CFO, MSIL; Mr. Shashank Srivastava, Executive Director, Marketing and Sales, MSIL; Mr. P S Jayakumar, MD & CEO, BoB; Ms. Papia Sengupta, Executive Director, BoB; Mr. Rajneesh Sharma, GM, CC, Large Corporate and Institutional Banking, BoB; Mr. V K Sethi, Head, Mortgages & Retail Assets, BoB; Mr. Bhuvan Dheer, VP, Sales & Network, MSIL.


Issued by:
Corporate Communications,
Maruti Suzuki India Limited,
1, Nelson Mandela Road,
Vasant Kunj, New Delhi
Ph: 91-11-4678 1000
Email: corp.comm@maruti.co.in
Website: www.marutisuzuki.com / www.nexaexperience.com
Twitter: @Maruti_Corp / @NexaExperience