Honda 2Wheelers today signed a mutual agreement with IndusInd Bank for providing financial assistance to the consumers at a very affordable rate of interest.
Honda Motorcycle & Scooter India Pvt Ltd. (HMSI), a subsidiary owned by Honda Motor Company Ltd today officially announced its mutual agreement with IndusInd Bank in order to further spur the domestic growth. Honda Motorcycle signed a Memorandum of Understanding with IndusInd Bank that will offer retail financing services on all Honda 2wheeler models for its consumers at a very attractive rate of interest.
The signing ceremony was carried out in the presence of Mr. Yadvinder Singh Guleria (Senior Vice President – Sales & Marketing, Honda Motorcycle & Scooter India Pvt. Ltd.) and Mr. S.V. Parthasarathy (Senior Executive Vice President & Head – Consumer Finance Division, IndusInd Bank Ltd.) accompanied by other dignitaries.
Mr. Yadvinder Singh Guleria, Senior Vice President, Sales & Marketing, Honda Motorcycle & Scooter India Pvt. Ltd. Elaborated the partnership by stating, “In 2wheeler industry, retail finance penetration is increasing and more & more customers are looking at various finance options. Riding on the aggressive network expansion plan & increased product portfolio, we will continue to create options that will enable customers to buy their favorite 2wheeler. Driven by this partnership with IndusInd Bank, we aim to further grow Honda’s retail sales.”
With this new MoU, consumers can now reap benefits upto Rs. 7500 along with attractive rate of interest through this retail finance scheme. IndusInd Bank will also proffer financing facilities to all eligible customers for buying Honda two wheelers through its network of over 1000 branches spread pan India. Customers can avail loan up to 90% of the product value, with a repayment period of 36 months. Other benefits include zero processing fee and quick loan approval in just 1 hour through tab based technology used for field inspection and proposal login.
On the occasion, Mr. S.V. Parthasarathy, Senior Executive Vice President & Head – Consumer Finance Division, IndusInd Bank Ltd. said, “This alliance is a part of our strategy to remain a leading player in the field of two-wheeler financing. This association will bring about a synergistic benefit for both the organizations, enabling world class customer experience in terms of product and processes.”
Honda Motorcycles to offer financing from IndusInd Bank
