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General Motors India and PNB sign MoU

By Motortrend India Staff   |   11 April,2010

General Motors India has joined hands with Punjab National Bank, the second largest public sector lender, in order to ease the process of vehicle financing for its customers.

The two companies have signed a Memorandum of Understanding (MoU) under which General Motors customers will find it convenient to get finance deals.

The agreement has been signed by the Ankush Arora, Vice President, Sales, Marketing & after Sales, General Motors India and Sudeshna Sharma, General Manager (Retail), Punjab National Bank.

Expressing his views on the new association, Ankush Arora said that General Motors is excited about the partnership as Punjab National Bank (PNB) is not only an established bank in the Indian business industry but also one of the largest banks of India. This deal would certainly help its customers to get easy financing for GM’s widely sought product range.

Recent launches by General Motors in India have been the hatchback Chevrolet Beat and the premium sedan Chevrolet Cruze.

PNB has a well established network of more than 4,900 branches across the country. The partnership between these two big players will help them leverage each other’s resources.

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