Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI), the 2nd largest 2Wheeler Company in India today announced its new retail finance tie-up with Baroda Rajasthan Kshetriya Gramin Bank at a special ceremony in Ajmer.
With this partnership, customers across all towns where the bank has its network can avail many attractive value-ads. These benefits include low down payment, low EMI and daily reducing interest. The retail finance scheme can be availed by people of 18-60 years of age. Through this partnership, buyers can avail loan amount of upto 75% of On-Road price of Honda’s 2Wheeler.
On the occasion, Dr. M. S. Phogat, Chairman, Baroda Rajasthan Kshetriya Gramin Bank said “We are happy to enter into this strategic tie-up with Honda Motorcycle & Scooter India Pvt. Ltd. I believe that customers can now enjoy more with our extensive reach across Rajasthan & Honda’s extensive product portfolio. With this, the potential of owning a 2Wheeler by people in Rajasthan will get a boost. It is our continuous effort to make convenient, the availability of finance to people and with Honda’s partnership we believe we will be able to help people in buying their choice of 2Wheeler. “
Talking on the partnership, Mr. Y.S. Guleria, Vice President, Sales & Marketing HMSI said, “Till date, Honda has been offering retail finance options to its valued customers via tie-ups with private banks, NBFCs and nationalized banks. As the next step, we are now partnering with Co-operative Banks and Gramin Banks to make 2Wheeler buying through retail finance more accessible to customers even in rural & semi-urban areas. We are sure that with Baroda Rajasthan Kshetriya Gramin Bank’s wide network and easy finance solutions, we will be able to reach out to more and more customers in Rajasthan and provide them an opportunity to experience high quality yet affordable Honda products.”