Toyota Kirloskar Motor has announced the signing of a Memorandum of Understanding (MoU) with Mahindra & Mahindra Financial Services to extend auto retail finance to its prospective customers.

The MoU was signed by Rajnish Agarwal – vice president operations, Mahindra & Mahindra Financial Services and Sailesh Shetty, vice president, sales and dealer development, Toyota Kirloskar Motor.

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Agarwal said: “Our wide network of 640+ offices and customer presence in more than 150,000 villages across India, gives us an edge in reaching out to the deepest parts of the country. We have a customer centric approach and have developed loan products suitable for all profiles of customers. This ability also will create strong synergies.”

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