Kia Motors Signs MoU with Axis Bank, to Offer Financial Services to Customers

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Added in: Kia

Making their entry to the Indian market, Kia Motors is preparing to help its customers. Kia Motors has announced a strategic partnership with Axis Bank,  one of the leading private banks of India. The bank would provide financial and one-step banking solutions like inventory funding, cash credit, auto loans, fast tags etc to the dealers and customers of Kia Motors. Even better is the fact that these services will be available at 3,964 branches of the bank, located across the nation. Mr Yong S Kim, Executive Director & Chief Sales Officer, Kia Motors India said, “This partnership with Axis Bank is in line with our endeavours to ensure an enjoyable and hassle-free ownership experience for our customers. We are sure that with partners like Axis Bank we would be able to achieve the goal through a bouquet of attractive financing options that they specialise in.”

Kia SP2i India

Speaking about the partnership, Mr J.P. Singh, President and Head, Small and Medium Enterprises, Axis Bank said, “Axis Bank is proud to partner with Kia Motors on the journey of growth and progress in the Indian automotive segment. The Bank will offer a gamut of services to the dealers and customers of Kia Motors, by providing solutions for their financing and payment needs, supported via our technology-enabled platform. With this tie-up, the Bank has strengthened its commitment to bring in best-in-class offers and services for its wholesale and retail banking customers.’

Kia SP2i at plant side

Also Read: Kia Motors – 10 Things To Know About Their India Strategy

Their first offering for our market, is an SUV. Called the SP2i, this car would compete with the likes of Tata Harrier, Jeep Compass and the upcoming MG Hector. Under the bonnet would be BS VI compliant petrol and diesel engines, powering this SUV. From the little glimpse we had of this SUV at Kia’s large facility, we can say features like a clamshell bonnet, 4-disc brakes, 5 spoke alloy wheels and some more will be seen on the car. Below are some images of the Carnival Minivan, Kia’s second offering the Indian market.

Kia Carnival 1600×900
Kia Carnival INdia (3)
Kia Carnival INdia (2)

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