February 11, 2015

Daimler India Commercial Vehicles signs MoU with Himachal Pradesh Gramin Bank

Daimler India Commercial Vehicles Pvt. Ltd. (DICV), signed a Memorandum of Understanding (MoU) with the Himachal Pradesh Gramin Bank to provide commercial vehicle financing packages to BharatBenz customers across Himachal Pradesh.

Himachal Pradesh
Gramin Bank will become a key financing partner for BharatBenz along with others adding substantial choice and value for customers. As part of the MoU, Himachal Pradesh Gramin Bank will evaluate the financial needs of the clients and develop appropriate financing packages to BharatBenz customers.

The agreement was signed between Satish Kumar Chawla, Chairman, Himachal Pradesh Gramin Bank and Arghadip Roy, Assistant General Manager & National Head - Retail and Channel Finance and T.D. Jayakar, Senior Manager - Retail & Channel Finance from Daimler India Commercial Vehicles (DICV).

"Himachal Pradesh Gramin Bank as our preferred financier allows us to strengthen our presence in the state of Himachal Pradesh, which is a significant commercial vehicle market. We are confident that our customers will benefit from the viable finance options provided by the bank, and they can be assured of competitive financing solutions with tailor-made offerings for our BharatBenz trucks," said Erich Nesselhauf, CEO & Managing Director, DICV.

Satish Kumar Chawla, Chairman, Himachal Pradesh Gramin Bank, added, "We have a wide distribution network in the semi-urban and rural areas.  Truck customers will be keen on trying this exciting truck brand, backed by the confidence of existing financier relations. This symbiotic relationship will help to leverage ours and DICV's strengths, thus opening up new avenues and allowing for a collaborative association."


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