Maruti Suzuki India Partners with DBS Bank India for Dealer Inventory

Key Highlights:
•    MSIL signed an MoU with DBS Bank India for dealer inventory funding.
•    The deal benefits over 3863 Maruti Suzuki sales outlets.
•    MSIL aims to provide innovative financial products to dealers.
•    DBS Bank India offers digital supply chain solutions for dealer support.
•    The partnership focuses on comprehensive working capital solutions and long-term collaboration.

Maruti Suzuki India Limited (MSIL) has inked a Memorandum of Understanding (MoU) with DBS Bank India Limited for dealer inventory financing.

This new cooperation expands complete inventory funding alternatives for over 3863 Maruti Suzuki sales outlets in the country.

Partho Banerjee, Senior Executive Officer, Marketing and Sales at Maruti Suzuki India Limited, stated, "This collaboration is a step toward providing new financial products to Maruti Suzuki's wide dealer network across the country in line with their rising business demands. This strategic agreement improves our connection with the bank by using the combined expertise of MSIL and DBS Bank India to provide complete working capital solutions to our dealer partners.”

Divyesh Dalal, Managing Director and Head, Global Transaction Services, SME and Institutional Liability Business, DBS Bank India, stated, "We are delighted to work with Maruti Suzuki India Limited, a leader in the country's automotive sector, as one of their trusted financing partners across their extensive dealer network. Our deep grasp of local business realities and increasing dealer needs, along with our specialized product offering, will allow us to meet Maruti's dealer requirements for quick inventory finance. Our participation is a start toward establishing a long-term partnership with MSIL."

DBS Bank India will use its superior digital supply chain solutions for SMEs and domestic presence to ensure that MSIL dealers receive support across the whole business cycle.

Also Read: Maruti Suzuki India Partners with AIIMS and IRF to Train 8,500 Commercial Drivers

CMV360 Says

This partnership between Maruti Suzuki and DBS Bank appears to be a positive development for both companies. For Maruti Suzuki, it means better support for its extensive dealer network, which can enhance overall sales and customer satisfaction. 

For DBS Bank, it provides an opportunity to expand its presence in the automotive sector and showcase its financial solutions. However, the real impact will depend on how effectively the dealers implement and utilise new funding options.