The leading company of CK Birla Group, Hindustan Motors has tied up with State Bank of India, the biggest lender of the country in a car loan deal for funding its ‘Ambassador’ car and ‘HM Chifeng Winner’ mini-truck.
As per the contract, the bank would be offering finance for both these car models for a period of one year, according to the statement released by Hindustan Motors.
Rattan Singh, Hindustan Motors Chief General Manager (Sales and Marketing) said “This is a coming together of two leaders — SBI being the largest Bank in India and Hindustan Motors being the pioneer in the automotive business. This agreement is a strategic decision aimed at drawing synergies from the two partners”.
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