New Delhi: NFAPost: Suzuki Motorcycle India Private Limited (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, Japan, has announced a memorandum of understanding (MoU) with Bajaj Finance Limited (BFL) to offer convenient and hassle-free financing options to customers purchasing Suzuki two-wheelers. BFL, the lending arm of Bajaj Finserv Limited, a leading financial services group in India, will provide round-the-clock retail financing, ensuring a seamless experience for Suzuki two-wheeler customers.
The collaboration aims to simplify the purchase process by offering quick loan approval with minimal documentation. Customers will benefit from the convenience of obtaining vehicle loan sanctions within minutes and a hassle-free documentation process. This partnership will greatly enhance the purchasing experience for Suzuki two-wheeler customers.
Kenichi Umeda, the Managing Director of Suzuki Motorcycle India Pvt. Ltd., emphasized the importance of associating with financial institutions that facilitate easy access to Suzuki two-wheelers, considering the company’s continuous growth in the Indian market. He expressed confidence in the partnership with Bajaj Finance Limited, stating that it would further enhance their ability to cater to the needs of their expanding customer base in India, supporting their growth plans.
As part of the collaboration, customers can expect faster approval for loans with minimal documentation and competitive interest rates. Bajaj Finance also offers easy scheme options, digital login facilities, 24/7 operational support, and pre-approved offers, further adding to the convenience for customers.
Amit Raghuvanshi, President of Personal Loans & Sales Finance at Bajaj Finance Ltd., expressed excitement about becoming the preferred financier for Suzuki Motorcycle India. With its customer franchise of 69 million, this partnership allows Bajaj Finance to reach a larger number of two-wheeler buyers. Raghuvanshi highlighted that the collaboration with Suzuki Motorcycle will enable them to deliver a superior digital experience and a wider range of financial solutions to their customers. They are enthusiastic about commencing this partnership and jointly serving millions of customers across India.
Overall, this collaboration between Suzuki Motorcycle India and Bajaj Finance Limited aims to provide Suzuki two-wheeler customers with a seamless and hassle-free retail financing experience, ensuring quick loan approvals, minimal documentation, and competitive interest rates. This partnership seeks to enhance customer satisfaction and support the growth of both companies in the Indian market.
