India’s third largest heavy commercial vehicle manufacturer, AMW Motors Ltd. AMW announced that the Company had entered into an agreement with IndusInd Bank for financing retail sales of its range of medium and heavy haulage vehicles and tippers.
AMW offers trucks ranging from 16 to 49 tons and has pioneered several segments in the Indian CV market. The AMW 49 ton model created the segment and was India’s largest tractor-trailer at launch. In addition, AMW also created the construction and mining segments in the Indian CV market with its range of tippers.
AMW expects that this agreement with IndusInd Bank will help its sales offices and dealerships to reach out to more truck operators across the country and offer them a range of financing options.
Mr. A Ramasubramanian, President, AMW Motors said, “This retail finance loan tie-up with IndusInd Bank will be a great boon to buyers with a good track record as they look to expanding and diversifying their fleet. AMW has an extremely loyal customer base and will avail of this scheme to grow their businesses.”
IndusInd Bank is one of India’s leading private sector banks with over 530 branches across the country. The bank has a strong presence in the North, South and Eastern regions of India and has more than 10% market share in the commercial vehicle/ commercial equipment lending sector.
AMW has a widespread and growing dealer and service network across India with 123 dealerships and over 1,500 touch points. This network includes sales and service centres, authorized service outlets, mobile vans, workshops and a 24X7 helpline called ‘AMW Seva’ which ensures a rapid response to customer needs.