Hindustan Motors ties-up with SBI

Hindustan Motors Limited (HML), a C K Birla Group owned company, entered into a tie-up with the leading public sector lender State Bank of India (SBI) to provide retail finance for the company's passenger cars and commercial vehicles in India. According to company, SBI will provide finances to individual buyers of HML's new 2.3-tonne mini truck, HM-Shifeng Winner, and the Ambassador car.

State Bank of India, which is the largest PSU bank in the country, has tie-ups with a series of major car makers in India and offers auto loans at low interest rates at total transparency. The State Bank of India has a large number of branches spread across India and located even in remote areas. The bank offers auto loan on new or old cars and Utility vehicles.