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New Delhi : Maruti Suzuki India Limited (Maruti Suzuki) announces the signing of an MoU (Memorandum of Understanding) with Kerala Grameena Bank to enter into a strategic vehicle financing partnership for customers. Aimed at providing retail financing solutions for new cars, pre-owned cars, and commercial vehicles, this collaboration is set to offer appealing finance options for a broader range of Maruti Suzuki customers.
The collaboration with Kerala Grameena Bank will offer the growing customer base of the bank a comprehensive range of finance solutions across the Maruti Suzuki model range. The strategic partnership will also offer greater customer benefits and competitive financing offers.
The MoU was signed in the presence of Mr. Partho Banerjee, Senior Executive Officer, Marketing & Sales, Mr. Vishal Sharma, Vice President, Maruti Suzuki Finance & Driving School, from Maruti Suzuki; from Kerala Grameena Bank, Smt. Vimala Vijayabhaskar, Chairperson and other senior officials from both organisations.
Commenting on this partnership, Mr. Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India Limited, said “Our tie-up with Kerala Grameena Bank is an alliance which underscores our dedication to making car ownership simpler and more affordable for Indian customers. The Kerala market has a strong affection towards Maruti Suzuki vehicles and this strategic partnership will provide our customers with competitive, customer friendly financing options that improve the overall car buying experience. We stay committed to always delivering a wider range of customised finance solutions with a seamless customer journey”.
Commenting on the association, Smt. Vimala Vijayabhaskar, Chairperson, Kerala Grameena Bank, said, “We are pleased to partner with Maruti Suzuki India Limited to expand our retail car financing network across Kerala. By combining Maruti Suzuki’s strong dealership network with Kerala Grameena Bank’s deep grassroots presence, we will offer convenient, affordable, and digitally enabled car loan solutions to customers, especially in rural and semi-urban areas. This collaboration will help us reach first-time car buyers and small entrepreneurs, improve access to personal mobility, and support economic activity across the state, while reaffirming our commitment to inclusive and customer-centric banking.”
About Maruti Suzuki India Limited
Maruti Suzuki India Limited (Maruti Suzuki) is India’s leading passenger car manufacturer with a vast network of 4500+ sales and 5500+ service outlets. An extensive product portfolio of 18 vehicles across different price ranges, enables strong market presence, built on customer trust. Maruti Suzuki has an advanced Research and Development facility in Rohtak and multiple manufacturing facilities with production capacity of 26 lakh units per annum.
About Kerala Grameena Bank
Kerala Grameena Bank is a leading Regional Rural Bank in Kerala, established on 8 July 2013 through the amalgamation of North Malabar Gramin Bank and South Malabar Gramin Bank. With an extensive network of branches spread across the state, the Bank caters to the financial needs of rural, semi-urban, and urban customers. Kerala Grameena Bank offers a comprehensive range of products and services, including retail banking, MSME financing, agricultural credit, and digital banking solutions. With a strong focus on financial inclusion and sustainable development, the Bank continues to play a pivotal role in empowering communities, promoting entrepreneurship, and contributing to the socio-economic development of Kerala.
Issued by:
PR & 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
X: @Maruti_Corp
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