Maruti Suzuki collaborates with SMFG India Credit for vehicle retail financing

New Delhi, 21th May, 2025: Maruti Suzuki India Limited (MSIL), today, announced the signing of a MoU (Memorandum of Understanding) with SMFG India Credit (SMICC). Under this collaboration, SMICC will provide customised auto retail financing solutions for Maruti Suzuki Super Carry & Eeco Cargo customers. With this tie-up, Maruti Suzuki aims to help dealer partners offer comprehensive retail financing solutions to its customers.

The MoU was signed in the presence of Mr. Partho Banerjee, Senior Executive Officer, Marketing & Sales, Mr. Nobutaka Suzuki, Senior Executive Officer, Marketing & Sales, Mr. Vishal Sharma, Vice-President, Maruti Suzuki Finance and Driving School from Maruti Suzuki; and from SMFG India Credit– Mr. Swaminathan Subramanian, Chief Operating Officer, Mr. Ajay Pareek, Chief Business Officer, and Mr. Takamitsu Kajii, Head of Planning & Alignment along with other senior officials from both organizations.

Speaking on the partnership, Mr. Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India Limited, said, “At Maruti Suzuki, customer delight remains to be our top priority. Our partnership with SMFG India Credit adds to our continuous efforts in aiding customers with easy, flexible, and personalised financing options for Super Carry and Eeco Cargo. The Super Carry has a special place in the hearts of fleet owners and drivers with its exceptional load carrying capacity & power, while the Eeco Cargo’s versatile combination of comfort and utility makes it a preferred choice. By leveraging SMFG India’s robust and wide network, customers can expect seamless, tech-driven, end-to-end financing experiences.”

Sharing his thoughts on the alliance, Mr. Ajay Pareek, Chief Business Officer, SMFG India Credit, said, “We are excited to offer top-class credit solutions to Maruti Suzuki customers as one of their retail vehicle financing partners. This collaboration aligns with our aim of becoming the preferred lending partner of choice for millions of Indians. Our tailor-made product offerings extend beyond auto retail financing and we are well poised to empower every Indian to achieve financial freedom, through easy and accessible loans. Keeping this as one of the cornerstones for progress, we are focused on partnering with top OEMs across key sectors. We are thrilled to ink this partnership with Maruti Suzuki and look forward to jointly serving their customers across the country.”

About Maruti Suzuki India Limited

Maruti Suzuki is India’s leading passenger car manufacturer with a vast network of 4000+ sales and 5000+ 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 23.5 lakh units per annum.

About SMFG India Credit Co. Ltd.

SMFG India Credit Co. Ltd., a leading NBFC - Investment and Credit Company (NBFC-ICC) registered with the Reserve Bank of India and a wholly owned subsidiary of SMFG, has been operating in India since 2007. The company has established a pan-India presence, across 670+ towns and 70,000+ villages through 1000 branches, offering lending products to retail and small business borrowers.

About Sumitomo Mitsui Financial Group (SMFG)

SMFG is one of the largest global banking and financial service groups, offering a diverse range of financial services including commercial banking, leasing, securities and consumer finance and is headquartered in Japan.

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 | X: @Maruti_Corp