Hyundai Motor India has become the latest automaker there to make an agreement with a bank to finance customer purchases.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
It has signed a memorandum of understanding with Bank of India to provide finance at 10.25% for three years and will also offer a concession on processing charges of INR1,000.
This move will help both companies to reach out to wider markets, Hyundai said.
