Daimler India ties-up with Karur Vysya Bank

Daimler India has signed a Memorandum of Understanding (MoU) with Karur Vysya Bank (KVB), to provide commercial vehicle financing packages to customers across the country. This agreement was signed by M Balachandran, General Manager and Group Head – Commercial Banking Group, KVB, and Arghadip Roy, Assistant General Manager and National Head - Retail and Channel Finance, Daimler India.

Announcing the tie-up, Erich Nesselhauf, CEO and Managing Director (DICV), stated, “Having chosen KVB as a partner in financing BharatBenz trucks is the next step in moving towards and expanding our business. This alliance allows us to intensify our presence in vital commercial vehicle markets in Andhra Pradesh, Telangana and Tamil Nadu such as  Namakkal, Thiruchenkode and Sankagiri by offering attractive financial support. Our customers can be assured of competitive financing solutions with tailor-made offerings for our BharatBenz trucks.”

KVB General Manager M Balachandran said collaboration between KVB and DICV would provide customers easy and seamless financing solutions.

DICV produces medium and heavy-duty commercial vehicles for the Indian market under the BharatBenz brand.