At an event in the nations capital, Toyota Kirloskar Motor (TKM) signed a Memorandum of Understanding (MoU) with Mahindra & Mahindra Financial Services Limited.
This move has been facilitated in order to extend auto retail finance to prospective customers in the Indian market. Now customers wanting to buy a Toyota vehicle will have ease in availing financial services from Mahindra. Present at the event were Mr. Rajnish Agarwal, VP, Operations, Mahindra Finance and Mr. Sailesh Shetty, VP, Sales, TKM who signed the MoU repectively.
Speaking to the media, Mr. Agarwal, commented “Our wide network of 640+ offices and customer presence in more than 1,50,000 villages across India, gives us an edge in reaching out to the deepest parts of the country. We have a customer centric approach and have developed loan products suitable for all profiles of customers. This ability also will create strong synergies.” Also present on the occasion was Senior VP, TKM, Mr. N. Raja who stated, “We are pleased to announce this partnership with Mahindra & Mahindra Financial Services as our customers will greatly benefit with the competitive rates and convenient locations that Mahindra & Mahindra Financial Services is present in. Even though the overall auto market seems to be challenging at the moment, we have seen a surge for automobile loans in semi urban and rural areas and we hope this new association of ours will help us reach out to more prospective customers. This is the right time for us to step up our efforts to reach out to more customers with better and easier finance options.”
Picture: Mr. N. Raja, Senior Vice President, Sales & Marketing, Toyota Kirloskar Motor & Mr. Rajnish Agarwal – Vice President Operations, Mahindra & Mahindra Financial Services.
