New Delhi, February 5, 2025: Maruti Suzuki India Limited (MSIL), the country’s top passenger vehicle manufacturer, has announced the signing of a Memorandum of Understanding (MoU) with Sarva Haryana Gramin Bank (SHGB) to establish a strategic vehicle financing partnership. This collaboration will allow both companies to offer tailored financial solutions to Maruti Suzuki customers.
The MoU was signed in the presence of key representatives from both organizations, including Mr. Partho Banerjee, Senior Executive Officer of Marketing & Sales, Mr. Bhuvan Dheer, Executive Officer of Marketing & Sales, Mr. Kamal Mahtta, Vice President of Allied Business, and Mr. Vishal Sharma, General Manager of Maruti Suzuki Finance & Driving School, alongside Mr. Sanjeev Kumar Dhupar, Chairman of Sarva Haryana Gramin Bank, and other senior officials.
Through this partnership, SHGB will provide comprehensive financial services to Maruti Suzuki’s customers, offering vehicle loans with flexible repayment options tailored to individual preferences.
Mr. Partho Banerjee, Senior Executive Officer at Maruti Suzuki India Limited, commented, “We are delighted to partner with Sarva Haryana Gramin Bank. This collaboration supports our goal of offering comprehensive, customer-centric financial solutions. By leveraging the wide networks of both SHGB and Maruti Suzuki across Haryana, we aim to bring the ‘Joy of Mobility’ to even more customers.”
Mr. Sanjeev Kumar Dhupar, Chairman of Sarva Haryana Gramin Bank, expressed, “This partnership underscores our commitment to providing hassle-free vehicle financing solutions to our customers. It will allow us to expand our reach and offer personalized financial products that cater to the unique needs of our customers, fostering long-lasting relationships and ensuring exceptional service.”
About Maruti Suzuki India Limited:
Maruti Suzuki India Limited is India’s leading passenger car manufacturer, boasting a network of over 4,000 sales and more than 5,000 service outlets. With a diverse portfolio of 18 vehicles spanning various price segments, Maruti Suzuki enjoys strong market leadership based on trust and customer satisfaction. The company operates a state-of-the-art Research and Development facility in Rohtak and multiple manufacturing plants.
About Sarva Haryana Gramin Bank:
Sarva Haryana Gramin Bank (SHGB), known as Haryana’s “Apna Bank,” was formed in November 2013 after the amalgamation of Haryana Gramin Bank and Gurgaon Gramin Bank. As the sole Regional Rural Bank (RRB) in Haryana, SHGB operates across 22 districts with a network of 687 branches. The bank is dedicated to promoting financial inclusion and rural development through innovative, customer-focused banking solutions, fostering sustainable growth and prosperity in rural Haryana.