NEWS & ADVICE : HOME LOANS
Hindustan Motors and SBI tie up in auto financing deal
By Joseph Samson
Jun 8, 2010
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The flagship company of CK Birla Group, Hindustan Motors has joined hands with State Bank of India, the largest lender of the country in a deal for financing its 'Ambassador' car model and 'HM Shifeng Winner' mini-truck.

Accoring to the contract, the bank would be providing finance for these two auto models for a period of one year, Hindustan Motors said.

"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.


 


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