Toyota Kirloskar Motor signs MoU with IndusInd Bank

On Wednesday, Toyota Kirloskar Motor, a leading vehicle manufacturer stepped into a link-up with IndusInd Bank. According to this tie-up, the lender will act as a preferred financer for cars sold by Toyota Kirloskar Motors.

IndusInd was quoted saying that both IndusInd Bank and Toyota dealers will be offering different  finance options to customers through all the branches and business outlets of the lender. Sumant Kathpalia, IndusInd's head of consumer banking, said that it is their effort to be a leading financier in the automobile segment. This alliance strengthens their product mix.

At present, the IndusInd bank has a customer base of 2.09-million. Most of these customers are in tier-II cities and semi-urban areas. The bank has got 180 locations in 28 states across the country.