Hindustan Motors Limited (HML) has entered into an alliance with State Bank of India (SBI) under which the public sector lender will provide retail finance options for the vehicles of the Indian car manufacturer.
Speaking on the occasion Rattan Singh, CGM (Sales & Marketing), HML, said, “This is a coming together of two leaders, SBI being the largest Bank in India and HML being the pioneer in the automotive business. This agreement is a strategic decision aimed at drawing synergies from the two partners.”
As per the company statement, SBI will provide easy finance options to individual buyers of HML’s new 2.3-tonne mini truck, HM-Shifeng Winner, and the Ambassador car.
Hindustan Motors has joined hands with the Intraco Group of Bangladesh for the sales and distribution of the CNG (compressed natural gas) variant of the mini truck in Bangladesh.