MUMBAI:
Axis Bank, India’s third largest private sector bank has signed a Memorandum of Understanding (MoU) with Kia Motors. As a part of this agreement, the Bank will now offer one-stop banking and financing solutions such as inventory funding, cash credit, auto loans, fast tags etc to the dealers and customers of Kia Motors.
Speaking about the partnership, J.P. Singh, President and Head, Small and Medium Enterprises, Axis Bank said, “Axis Bank is proud to partner with Kia Motors on the journey of growth and progress in the Indian automotive segment. The Bank will offer gamut of services to the dealers and customers of Kia Motors, by providing solutions for their financing and payment needs, supported via our technology enabled platform. With this tie up, the Bank has strengthened its commitment to bring in best-in-class offers and services for its wholesale and retail banking customers.’’
The bank will offer these services Pan India through its 3,964 branches located across the nation. Yong S Kim, Executive Director & Chief Sales Officer, Kia Motors India said, “This partnership with Axis Bank is in line with our endeavors to ensure an enjoyable and hassle-free ownership experience for our customers. We are sure that with partners like Axis Bank we would be able to achieve the goal through a bouquet of attractive financing options that they specialise in.”
