AMW, one of the leading names in the commercial vehicles' segment, has announced a collaboration with L&T Finance, meant for providing financing options for its medium and heavy duty vehicles and tippers. Through this agreement, the company will be able to give better loans for its entire range of vehicles, including haulage vehicles, construction field vehicles and special purpose vehicles as well. The company's executives were enthusiastic to announce this new approach towards financing.
The company's president, A Ramasubramanian, had this to say:
“We are privileged to be associated with L&T Finance and are confident that this tie-up will generate increased volumes for AMW and better overall productivity for customers,” C G Rangan, from L&T Finance, said that this strategic tie up with the auto manufacturer would give the transport community a real boost. He further added that “It is our continuous endeavour to make availability of finance more convenient and customer friendly and with this partnership, we believe, we will be able to help people in buying their choice of commercial vehicle,”
Asia Motor Works Limited (AMW) is among the well known truck makers in India. The company manufactures commercial vehicles within the 16 to 49 tonne range. It has a product range that covers the full range of heavy-duty applications, and it supplies machines for the fields of mining, construction, power, petroleum, roads and highways, other infrastructure projects and general cargo transportation. It was founded in 2002, and over a decade or so, it has grown to win over a fair share of the commercial vehicles' market. It operates with its base in Mumbai. It has a state of the art manufacturing plant in Bhuj and Gujarat, sized at a massive 2 million square metres.