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Business Economy


Chola and Eicher Polaris Pvt Ltd Announces their Strategic Partnership for Multix

Mumbai, Jul 13 (UNI) Cholamandalam Investment and Finance Company Limited and Eicher Polaris Pvt. Ltd has entered into a strategic agreement to extend finance to Multix consumers.
Eicher Polaris Pvt. Ltd. has recently launched Multix ''India’s first Personal Utility Vehicle,targeted at Independent Businessmen.''
Eicher Polaris Pvt. Ltd. (EPPL) is a 50:50 joint venture betweenEicher Motors Ltd. and Polaris Industries Inc.
Through this partnership, Chola intends to offer convenient, quick and easy access to attractive vehicle financing options to prospective Multix’s customers across India.
Multix is a purpose-built vehicle that has been created ground-up to offer the unique power of extreme 3-in-1 adaptability of FamilyC,Business and Power generation to the consumer. With an aim to drive disruptive growth in the segment, Multix will be launched in 30 cities to start with, and vehicle deliveries will begin in August, 2015.
With this, auto retail finance for Multix will now be available throughout the 534 branches of Chola and at all proposed dealerships of Multix across India.

UNI JS NV SM1605
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