New Delhi : General Motors India and Bank of Baroda (BoB) have signed a Memorandum of Understanding (MOU) to finance the sale of GM India vehicles both at wholesale and retail levels. The agreement was signed by Mr. Ankush Arora, Vice President, Sales, Marketing and Aftersales, GM India and Mr. S.P. Agarwal, General Manager (SME), Bank of Baroda in the presence of Mr. Karl Slym, President & Managing Director, GM India and Mr. M.D Mallya, Chairman and Managing Director, Bank of Baroda, in Mumbai.
Speaking on the occasion, Mr. Slym said, “Considering the slowdown in the auto industry, this association with Bank of Baroda at this juncture is an attempt to ensure that we are able to reach out to our valued customers with easy, affordable and preferential finance options. This service initiative is another step from GM India aimed at strengthening our association with dealerships and customers nationally and to maximise our customer reach and satisfaction. With the agreement in place we plan to initiate various retail activities and roadshows across the country to reach out to our valued customers,” he added.
As per the MOU, Bank of Baroda will now provide wholesale financing to GM India dealers and retail financing to customers for purchase of GM India vehicles across the country. Both, Bank of Baroda and GM India will undertake joint promotions and schemes to offer easy finance options to our valued customers through all branches of Bank of Baroda. With a network of over 2,800 branches across the country, Bank of Baroda is one of the largest public sector banks in India. As one of the top ranking banks of international repute, it has been growing rapidly since its inception with 72 overseas branches in 22 countries covering 5 continents.
General Motors India: General Motors India is a wholly owned subsidiary of General Motors Corporation. GM produces the Chevrolet Captiva, Chevrolet Optra, Chevrolet Aveo, Chevrolet SR-V, Chevrolet Aveo U-VA, Chevrolet Spark and Chevrolet Tavera for sale in India and operates state-of-the-art manufacturing facilities in Talegaon, Maharashtra, and Halol, Gujarat.
source: www.gmi.com
Speaking on the occasion, Mr. Slym said, “Considering the slowdown in the auto industry, this association with Bank of Baroda at this juncture is an attempt to ensure that we are able to reach out to our valued customers with easy, affordable and preferential finance options. This service initiative is another step from GM India aimed at strengthening our association with dealerships and customers nationally and to maximise our customer reach and satisfaction. With the agreement in place we plan to initiate various retail activities and roadshows across the country to reach out to our valued customers,” he added.
As per the MOU, Bank of Baroda will now provide wholesale financing to GM India dealers and retail financing to customers for purchase of GM India vehicles across the country. Both, Bank of Baroda and GM India will undertake joint promotions and schemes to offer easy finance options to our valued customers through all branches of Bank of Baroda. With a network of over 2,800 branches across the country, Bank of Baroda is one of the largest public sector banks in India. As one of the top ranking banks of international repute, it has been growing rapidly since its inception with 72 overseas branches in 22 countries covering 5 continents.
General Motors India: General Motors India is a wholly owned subsidiary of General Motors Corporation. GM produces the Chevrolet Captiva, Chevrolet Optra, Chevrolet Aveo, Chevrolet SR-V, Chevrolet Aveo U-VA, Chevrolet Spark and Chevrolet Tavera for sale in India and operates state-of-the-art manufacturing facilities in Talegaon, Maharashtra, and Halol, Gujarat.
source: www.gmi.com
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