| Suzuki just sent out this release about their tie-up with Corporation Bank to provide loans. And given that most Industry figures are partly blaming the lack of liquidity in the market as a reason for the falling two-wheeler sales, this has to be a good thing, right? Here's the release PRESS RELEASE Suzuki Motorcycles & Corporation Bank join hands together to provide easy & hassle free loans across India Delhi, 29th January, 2009: Suzuki Motorcycle India Pvt. Ltd., a subsidiary of one of the world’s leading two-wheeler manufacturer, Suzuki Motorcycle India Pvt Ltd has signed up an agreement with Corporation Bank, headquartered in Mangalore to provide retail finance to all products of Suzuki Motorcycle like Zeus, Heat, Access 125, GS150R, Hayabusa, and Intruder M1800R. Under this pact Corporation Bank will leverage on its strong rural & semi urban presence to provide the retail finance facility for Suzuki motorcycle products. This tie up will benefit all customers buying Suzuki products across 200 dealership of SMIPL and all Corporation Bank branches across India. Speaking on the agreement, Mr. Atul Gupta, VP, Sales & Marketing Suzuki Motorcycle, said “Given the huge size of rural and semi-urban market, Suzuki envisions this association as an opportunity to further augment its rural & semi-urban presence. We are confident that with our vast network, our products will be easily available to rural & semi- urban customers through easy & hassle free loans providing by Corporation Bank at an affordable rates across India”. Mr.M.P Kunju, General Manager of Corporation Bank., said “Vehicle finance is continued to be one of the thrust areas for Retail. In the wake of reduction in vehicle cost, Interest rates and economy on revival mode, vehicle finance is again gaining momentum. Hence we are extremely happy to join hands with Suzuki to bestow customers a Value Packed Product with value packed financing deal. Our network in rural & semi-urban areas will enable Suzuki to reach out the customers PAN India. This deal will give access to customers to get an easy, quick loan at affordable rates”. This tie up between Suzuki which is known for its excellent products & services and Corporation Bank which has a deep presence all across the country today would be a boon for customers who wish to ride Suzuki products. About Suzuki Motorcycle India Suzuki Motorcycle India Pvt. Ltd (SMIPL) is a subsidiary of Suzuki Motor Corporation, Japan wherein they follow the same manufacturing philosophy of value-packed products right from the inception. SMIPL has installed its manufacturing plant in Gurgaon (Haryana) with an annual plant capacity of 1, 70,000 units. The manufacturing plant has a total land area of 37 acres out of which presently the plant is constructed on 6.5 acres of land and the remaining area has been left for future expansion and development. With a rapidly expanding dealer network of 200 dealers, today SMIPL has made a quick inroad in the Indian Two Wheeler Industry. For further information please visit www.suzukimotorcycle.co.in |
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| Suzuki Zeus Heat GS150R Access India Finance Loan Bank Corporation |
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