Kochi: Muthoot Capital Services Pvt. Ltd., part of the 128 year old Muthoot Pappachan Group, has signed the Preferred Financier agreement with Suzuki Motorcycle India Pvt. Ltd., the subsidiary of one of the world’s leading two-wheeler manufacturers, Suzuki Motor Corporation, Japan.
Under the aegis of this tie-up, customers of Suzuki Motorcycle India will be able to avail vehicle finance related services from Muthoot Capital Services.
The Memorandum of Understanding (MoU) was signed by R Manomohanan, CEO of Muthoot Capital Services, and Rakesh Kumar, National Head – Sales Planning, Suzuki Motorcycle India at Kochi. The MoU will enable both Suzuki Motorcycle India and Muthoot Capital Services to leverage on the inherent strength of each other’s vast network of over 800 touch points and 3,800 financial services outlets respectively across India.
Speaking on the occasion, Manomohanan said, “Muthoot Capital Services is continuously expanding its operations in suiting the needs of all segments of customers through its various tailor made loan products. Suzuki Motorcycle is a great brand and by joining hands, we aim to take our services within arm’s reach of the customer, delivering value for money and making vehicle financing a hassle free and pleasant experience. This tie up will mutually benefit both the organizations by helping them extend better services to customers.”
Speaking on the tie-up, Rakesh said, “At Suzuki Motorcycles, we always look at options to provide the best value to our customers and offer them the power of choice. This strategic tie-up is a step in the same direction. Muthoot Capital Services Ltd. offers innovative products and services at affordable rates, and we are hopeful of a good response from our dealers and customers.”
Muthoot Capital Services Ltd. (MCSL) is the first listed entity of Muthoot Pappachan Group. A Non Banking Financial Company (NBFC) listed on the Bombay Stock Exchange, MCSL offers financial solutions including Vehicle Loans (2 wheeler loans). MCSL is presently active in retail financing and caters to the requirements of borrowers both in rural and semi-urban areas.
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