Hyundai Car is No More a Dream Car
Hyundai Motor India Ltd. (HMIL) is considered as the largest passenger car exporter and its rank comes to second as far as the car manufacturing is concerned as it has signed a Memorandum of Understanding (MOU) with the IndusInd bank to provide better service to its esteemed customers. Mr. Arvind Saxena, Sr. Vice President, Marketing & Sales, Hyundai Motor India Ltd and S.V. Parthasarathy, Executive Vice President, Consumer Finance Division, IndusInd Bank have signed the agreement regarding this.
Among the private sector banks of India IndusInd Bank Ltd. is one of the most famous bank which has about 180 branches established across different parts of India. It has branches in 147 geographical locations of India and in 28 states. Apart from this it also operates through 484 distribution outlets. The representative office of the bank is situated in Dubai and London. Therefore the agreement of the bank with HMIL will largely help its customer regarding the car loan services.
Addressing the media in a press conference, Arvind Saxena, Sr. Vice President, Marketing & Sales, HMIL, told that they are really happy to partner with IndusInd Bank, as this MOU would enable multiple customer to take a new step of buying a dream vehicle as per their requirement. In the last half an year or so the HMIL have developed relationship with different nationalized bank by making MOU with them and enabling the customer to have a wide scope for buying new cars of their choice.
Hyundai Motors is one of the biggest selling vehicle companies in India. It provides quality services by giving best services at manageable price. The car is mainly famous for its low cost maintenance and the effective servicing after the purchasing of car. The main problem of purchasing this type of car was the financing of loan from big loan giving bank. As the MOPU between the IndusInd bank and the HMIL its customer number is increased by the course of time.
The desire for buying a car by own finance is increasing day by day. So the step of making an agreement between the IndusInd bank and the HMIL is welcomed by different researcher of the market policy. An estimate says that around 12,000 new Hyundai cars have been sold after the MOU between the two’s have been signed. The agreement will give new way to car selling in Indian market as the customers of different level will be able to purchase their dream vehicle.