AMW Motors and IndusInd Bank for retail financing
AMW Motors Ltd. has announced an agreement with IndusInd Bank for financing retail sales of its range of medium and heavy haulage vehicles and tippers.
AMW expects that this agreement with IndusInd Bank will help its sales offices and dealerships to reach out to more truck operators across the country and offer them a range of financing options.
"This retail finance loan tie-up with IndusInd Bank will be a great boon to buyers with a good track record as they look to expanding and diversifying their fleet. AMW has an extremely loyal customer base and will avail of this scheme to grow their businesses," said A Ramasubramanian, President, AMW Motors.
IndusInd Bank is a private sector bank with over 530 branches across the country. The bank has more than 10% market share in the commercial vehicle/ commercial equipment lending sector. On the other hand, AMW is India's third largest heavy commercial vehicle manufacturer and sells trucks ranging from 16 to 49 tons. The company has 123 dealerships and 1,500 touchpoints. This includes sales and service centres, authorised service outlets and mobile vans.