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Business Economy


Muthoot capital services signs MoU with Suzuki Motorcycle

Kochi, May 12 (UNI) Muthoot Capital Services Pvt Ltd, part of the 128 year old Muthoot Pappachan Group, has signed the Preferred Financier agreement with Suzuki Motorcycle India Pvt. Ltd., the subsidiary of one of the world's leading two-wheeler manufacturers, Suzuki Motor Corporation, Japan.
Under the aegis of this tie-up, customers of Suzuki Motorcycle India Pvt. Ltd. will be able to avail vehicle finance related services from Muthoot Capital Services Ltd, one of the largest and most reputed Non Banking Finance Company (NBFC) in the country with its long and illustrious lending history, a release said here today.
The Memorandum of Understanding (MoU) was signed by Muthoot Capital Services CEO R Manomohanan, and Suzuki Motorcycle India Pvt. Ltd national head (sales and Planniing) Rakesh Kuimar here today .
The MoU would enable both Suzuki Motorcycle India Pvt. Ltd. and Muthoot Capital Services Ltd. to leverage on the inherent strength of each other’s vast network of over 800 touch points and 3800 financial services outlets respectively across India.
Speaking on the occasion, Mr Manomohanan, said, “Muthoot Capital Services Ltd is continuously expanding its operations in suiting the needs of all segments of customers through its various tailor made loan products. Suzuki Motorcycle is a great brand and by joining hands, we aim to take our services within arm’s reach of the customer, delivering value for money and making vehicle financing a hassle free and pleasant experience’’.
In his remarks on tie-up Mr Rakesh Kumarsaid, “At Suzuki Motorcycles, we always look at options to provide the best value to our customers and offer them the power of choice. This strategic tie-up is a step in the same direction. Muthoot Capital Services Ltd. offers innovative products and services at affordable rates, and we are hopeful of a good response from our dealers and customers.”
UNI CGV RJ 2333
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