Lohia Auto Unites with IndusInd Bank to Provide Finance Solutions
Published On May 26, 2016
One of India’s most famous three-wheeler manufacturers, Lohia Auto, has tied up with private sector stalwart IndusInd Bank to provide financing solutions to potential buyers to increase its market presence and counter competitors. Lohia Auto has taken this step to make the loan process hassle free and keep the interest rates competitive in order to lure more customers.
Talking about the deal, Mr. S.V. Parthasarathy, Head of Consumer Finance Division, IndusInd Bank, said, “This alliance is part of our strategy to continue to be a leading player in the field of three wheeler financing. We will offer retail finance at an attractive rate of interest to customers through our large branch network.”
In the initial phase, this tie-up will offer its services in Rajasthan, Gujarat, Bihar, Haryana, Chattisgarh, Jharkhand, Odisha, Madhya Pradesh and Andhra Pradesh. The customers will be able to get customized finance solutions on Lohia Humsafar Cargo and passenger three-wheelers under this tie up.
Commenting on the deal, Mr. Ayush Lohia, Managing Director, Lohia Auto Industries, said, “A huge segment of customers will be benefited by this alliance. This partnership will also help both Lohia Auto and IndusInd Bank in increasing the number of customers, thus enabling widening of the market for the products.”