Hindustan Motors joins hands with SBI for vehicle financing | delhi | Hindustan Times
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Hindustan Motors joins hands with SBI for vehicle financing

CK Birla Group flagship company Hindustan Motors today said it has entered into a tie-up with the country's largest lender, State Bank of India, for retail financing of its iconic 'Ambassador' car model and 'HM Shifeng Winner' mini-truck.

delhi Updated: Jun 07, 2010 23:17 IST

CK Birla Group flagship company Hindustan Motors today said it has entered into a tie-up with the country's largest lender, State Bank of India, for retail financing of its iconic 'Ambassador' car model and 'HM Shifeng Winner' mini-truck.

Under the Memorandum of Understanding signed between the two companies, SBI will provide finance for the two Hindustan Motors models for a period of one year, the auto-maker said in a statement.

"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," Hindustan Motors Chief General Manager (Sales and Marketing) Rattan Singh said.