On Jan 19, Suzuki Motorcycles India Pvt Ltd said it has tied up with SMFG India Credit Co Ltd (formerly Fullerton India Credit Co Ltd) to provide financing for the purchase of two-wheelers. Suzuki Motorcycle India Pvt Ltd (SMIPL) said in a statement that the two companies have signed an MoU to this effect.
SMFG India Credit is registered with the Reserve Bank of India as a Non-Banking Financial Company (NBFC-ICC) and a member of the Sumitomo Mitsui Financial Group (SMFG).
"Considering our continuous growth in the Indian market, it becomes imperative for us to associate with financiers who can facilitate ease of purchasing Suzuki two-wheelers. The idea is to offer flexible yet easy retail finance offers, keeping in mind the needs of our customers," SMIPL Managing Director Kenichi UMEDA said.
"We are confident that our engagement with SMFG India Credit will be another step in enhancing our ability to cater to the needs of our growing customer base in India and thereby support our growth plans," he said.
SMFG India Credit Co Ltd Chief Business Officer Ajay Pareek said, "Being a diversified NBFC, we are well poised to provide customers with a wide range of tailor-made products beyond two-wheeler loans, helping them achieve their personal or business goals."
