Toyota Kirloskar Motor inks MoU with M&M Financial Services

  • Apr 16, 2013
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Mahindra & Mahindra Financial Services will be one of the preferred financiers for the entire range of vehicles sold by Toyota Kirloskar Motor (TKM)

TKM inks MoU with M&M Financial Services

Over the years we have seen big names like Hyundai and Toyota working in tandem with some of the country’s most renowned public and private sector banking institutions for providing easy financing options to their customers.

News about Toyota Kirloskar Motor’s recent Memorandum of Understanding (MoU) with Mahindra & Mahindra Financial Services does however come as a pleasant surprise. As per this agreement M&M’s financial arm will now extend auto retail finance to Toyota’s prospective customers and in doing so strive to be one of the preferred financiers for the entire range of vehicles sold by TKM here in India.

The MoU was signed by Rajnish Agarwal – Vice President Operations, Mahindra & Mahindra Financial Services Limited and Sailesh Shetty, Vice President, Sales & Dealer Development, Toyota Kirloskar Motor. 

Commenting on this occasion, Rajnish Agarwal said, “Our wide network of 640+ offices and customer presence in more than 1,50,000 villages across India, gives us an edge in reaching out to the deepest parts of the country. We have a customer centric approach and have developed loan products suitable for all profiles of customers. This ability also will create strong synergies.”

Speaking on behalf of TKM, N. Raja said, “We are pleased to announce this partnership with Mahindra & Mahindra Financial Services as our customers will greatly benefit with the competitive rates and convenient locations that Mahindra & Mahindra Financial Services is present in. This is the right time for us to step up our efforts to reach out to more customers with better and easier finance options.”

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