Hindustan Motors, SBI tie-up for vehicle financing

C.K. Birla Group flagship company Hindustan Motors Limited (HML) Monday entered into a tie up with the State Bank of India (SBI) under which the public sector lender will provide retail finance for the company's products.

C.K. Birla Group flagship company Hindustan Motors Limited (HML) Monday entered into a tie up with the State Bank of India (SBI) under which the public sector lender will provide retail finance for the company's products.

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A company statement here said SBI will provide finances to individual buyers of HML's new 2.3-tonne mini truck, HM-Shifeng Winner, and the Ambassador car.

HML has also teamed up with the Intraco Group of Bangladesh for distribution of the CNG (compressed natural gas) version of the mini truck in Bangladesh.