Latest Car News in India

M&M signs MoU with Oriental Bank of Commerce for vehicle financing

Mahindra & Mahindra Ltd., the carmaker that indulges mostly into SUV section of car manufacturing has announced its collaboration with the Oriental Bank of Commerce for all financial solutions for its customers. Being a public sector bank Oriental Bank Of Commerce does have a reputed functionality as well as collects trust of the customers easily. Oriental Bank of Commerce or simple OBC has now crossed 69 years of financial services which is again a trust building factor.

Mahindra & Mahindra Ltd will widely present the financial services to their customers throughout their 250 dealership centers and 1808 branches of OBC across the country. Mr. Arun Malhotra, the Senior Vice President of Sales and Customer Care unit of Mahindra & Mahindra Ltd along with Mr. Atul Gautam who is the General Manager of Oriental Bank of Commerce, signed the MOU pact which was witnessed by Mr. S.L. Bansal, the Chairman and Managing Director of OBC.

Mr. Arun Malhotra, when asked about their partnership, told media that M&M was looking for the best schemes that they can provide their customers with when it is all about financial supports and insurances. To workout the plan prosperously, M&M has tied up with OBC. OBC has less complicated financial schemes and are very supportive for the customers’ convenience. OBC proposes to give 80 per cent fund loan on the on-road price of any M&M car as well as a trouble free gesture of affirmative for the 84 months of extended repayment time.