New Delhi : Maruti Suzuki India on Thursday said it has joined hands with Jammu and Kashmir Bank to provide financing solutions to its dealer partners.

The Memorandum of Understanding (MoU) inked with Jammu and Kashmir Bank would empower over 4,000 Maruti Suzuki sales outlets across the country with comprehensive inventory funding options for their working capital requirements, the auto major said in a statement.

“Our collaboration with J and K Bank will focus on innovative financing solutions for inventory funding for our dealer partners,” Maruti Suzuki India Ltd (MSIL) Senior Executive Officer (Marketing and Sales) Shashank Srivastava said.

This strategic alliance reinforces the company’s long term association with J and K Bank, leveraging the strength of both the MSIL and J and K Bank to offer tailored retail finance products and end-to-end working capital solutions, thus marking a significant milestone for both the organisations, he added.

“The MoU is surely a big step towards providing vital inventory funding support to Maruti Suzuki’s extensive dealer network seamlessly across the country,” J and K Bank MD and CEO Baldev Prakash said.

Source : (PTI)