Hyundai Motors India Ltd. (HMIL) has entered into a memorandum of understanding with PSU lender, United Bank of India in order to provide its customers with better car loan options.
The deal was signed by Mr. Arvind Saxena, Director, Marketing & Sales, HMIL and Mr. R. K. Mohanty- GM Retail Banking, HRD, Planning, Resources & Research.
United Bank of India (UBI) is one of the leading banks in the country. The bank has 1,558 branches and over 300 ATMs throughout the country. The tie-up between the two giants is anticipated to help them in leveraging each other’s strengths thereby helping them target a larger share of the market.
Mr. Arvind Saxena, said, “We are pleased to announce this partnership with United Bank of India as our customers will greatly benefit with the competitive rates and convenient locations that the bank provides. As we are rapidly increasing our sales network this tie up will further help us to reach our customers and increase our reach both in terms of our products and the finance option as well. We are confident that this effort will help us reach out to a wider consumer base with better and easier finance options.”
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