General Motors, India, has entered into a tie up with the Oriental Bank of Commerce to finance it vehicles. A company release informed that GM India Vice-President (Sales and Marketing) Ankush Arora exchanged documents with Oriental Bank of Commerce General Manager A K Tangri in the presence of GM India President and Managing Director Karl Slym.
Speaking on the occasion, Mr. Arora said, “(Oriental Bank of Commerce) It’s extensive reach will help our customers to get loan facilities to buy our products. Low interest rates and low processing charges are some of the benefits of opting for Oriental Bank of Commerce as the preferred financier for our vehicles.”
As per the memorandum of understanding, OBC, which currently has 1400 branches across the country would provide retail financing to customers for purchase of GM India vehicles across the country.
The release further added that, General Motors, as part of consolidating its position in the automobile industry, would also appoint more dealers and authorised service outlets in urban and semi-urban areas to widen its network.
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