MAN Trucks India has signed a Memorandum of Understanding (MOU) with Canara Bank for offering commercial vehicle loans to its customers. With this MOU, Canara Bank becomes a preferred financier for MAN Trucks in India.
The MOU was signed by Jagadish Bhat, Chairman & Managing Director, MAN Trucks India and R Madhusudan, GM – MSME Wing, Canara Bank. Also present on the occasion were Somasundaram, National Sales Head, MAN Trucks India and C G Saha, DGM – MSME Wing, Canara Bank.
Canara Bank caters to around 6.75 Crore customers through their pan India network of 5708 branches , with 49 SME Sulabhs and 162 SME branches dedicated to MSME sector. MAN Trucks India’s extensive products range complements the construction & transport requirements of MSME Sector.
Announcing the partnership, Jagadish Bhat, Chairman & MD, MAN Trucks India, said that this MOU will give MAN Trucks India access to the vast network and expertise of Canara Bank. Customers of Canara Bank can also look forward to MAN Trucks unmatched expertise in providing solutions to their construction & bulk transport needs.