Maruti Suzuki Partners with Saraswat Bank for Retail Car Financing Solutions

New Delhi:Maruti Suzuki India Limited (MSIL) has announced a strategic collaboration with Saraswat Co-operative Bank Ltd. to offer tailored auto retail financing solutions. The two organizations formalized the partnership through a Memorandum of Understanding (MoU) signed in the presence of senior officials from both entities.

Under the agreement, Saraswat Bank will provide customized car loan options, enhancing the retail financing experience for Maruti Suzuki customers. This initiative is aimed at empowering Maruti Suzuki’s dealer network to deliver comprehensive financing solutions, making car ownership more accessible.

The signing ceremony saw key representatives, including Mr. Partho Banerjee, Senior Executive Officer, Marketing & Sales; Mr. Bhuvan Dheer, Executive Officer, Marketing & Sales; and Mr. Kamal Mahtta, Vice President, Allied Business from Maruti Suzuki. From Saraswat Bank, participants included Mr. Gautam E Thakur, Chairman; Mrs. Arti Patil, MD & CEO; and Mr. Priyam Alok, Chief Business Officer, among others.

Commenting on the partnership, Mr. Partho Banerjee of Maruti Suzuki said, “At Maruti Suzuki, our customers are at the core of every initiative. This collaboration with Saraswat Bank ensures flexible and personalized financing options, simplifying the car-buying process for our customers. This alliance is another step towards fulfilling our vision of making mobility accessible to all.”

Echoing the sentiment, Mr. Gautam E Thakur, Chairman of Saraswat Bank, stated, “We are excited to join hands with Maruti Suzuki. This partnership will provide customers with competitive financing terms and exceptional service, ensuring a seamless experience.”

The partnership is expected to further strengthen Maruti Suzuki’s retail financing framework while enhancing customer satisfaction.