HMSI signs MoU with IndusInd Bank; aims to expand retail sales

Two-wheeler manufacturer Honda Motorcycle & Scooter India (HMSI) has signed a Memorandum of Understanding (MoU) with IndusInd Bank offering retail finance to its customers on all its models.

Elaborating on this partnership Yadvinder Singh Guleria, senior VP (sales & Marketing), Honda Motorcycle & Scooter India said, "In the two-wheeler industry, retail finance penetration is increasing and more and more customers are looking at various finance options. Riding on the aggressive network expansion plan and increased product portfolio, we will continue to create options that will enable customers to buy their favourite two-wheeler. Driven by this partnership with IndusInd Bank, we aim to further grow Honda's retail sales."

Customers can not only buy a Honda two-wheeler at an attractive rate of interest, but can reap benefits up to Rs. 7,500 through this retail finance scheme.

Customers can avail loans up to 90 per cent of the product value, with a repayment period of 36 months. Other benefits include zero processing fee and quick loan approval in just one hour through tab-based technology used for field inspection and proposal login.

S V Parthasarathy, senior executive vice president & head - consumer finance division, IndusInd Bank said, "This alliance is a part of our strategy to remain a leading player in the field of two-wheeler financing. This association will bring about a synergistic benefit for both the organisations, enabling world class customer experience in terms of product and processes."