Suzuki Motorcycle India Private Limited and Sumitomo Mitsui Financial Group (SMFG) India Credit Co Ltd have collaborated to present convenient and seamless financing alternatives for Suzuki motorcycle enthusiasts. The Memorandum of Understanding (MoU) is geared towards delivering effective retail financing solutions, reflecting Suzuki’s vision to elevate the overall purchasing experience for customers.
Suzuki Motorcycle India Private Limited, a subsidiary of Suzuki Motor Corporation, is one of the leading two-wheeler manufacturer in India. Established in 2006, it offers a diverse range of motorcycles and scooters known for their performance and fuel efficiency. On the other hand, Sumitomo Mitsui Financial Group (SMFG) India Credit Co Ltd, a part of the SMFG global network, operates in India’s financial sector. Leveraging the expertise of its parent company, it provides a wide array of financial services, including banking and credit solutions, contributing to the economic development and financial well-being of its customers in India.
The partnership entails the formalization of a Memorandum of Understanding (MoU) between the two corporate entities. SMFG India Credit, duly registered as a Non-Banking Financial Company-Investment and Credit Company (NBFC-ICC) with the Reserve Bank of India and a proud member of Sumitomo Mitsui Financial Group (SMFG), is set to extend its array of financial services.
Through the MoU, clientele is set to experience expeditious approvals for vehicle loans, streamlined documentation prerequisites, and an overall seamless and user-friendly application process that enhances the overall customer experience.
Kenichi Umeda, the Managing Director of Suzuki Motorcycle India, underscored the pivotal role of forging alliances with financial partners capable of streamlining the purchasing journey, aligning seamlessly with the company’s expansion strategies in the dynamic Indian market. Emphasizing their commitment to providing versatile yet uncomplicated retail finance solutions that precisely address the diverse requirements of their expanding customer base, Umeda highlighted the strategic importance of their collaboration with SMFG India Credit.
The partnership guarantees expedited approval procedures, advantageous interest rates, and an array of user-friendly financing options for customers. With SMFG India Credit at the helm, a commitment to round-the-clock operational assistance is assured, complemented by seamless digital login facilities and the availability of pre-approved offers, all aimed at enhancing the overall convenience of the financing journey.
Ajay Pareek, the Chief Business Officer at SMFG India Credit Co, reflected the significance of the partnership, emphasizing its seamless alignment with the company’s overarching mission to establish itself as the foremost choice within the financial services sector. To be a pivotal partner in the journey of progress, the versatile Non-Banking Financial Company (NBFC) endeavors to extend its portfolio beyond the realm of two-wheeler loans.
Committed to providing customized financial solutions, SMFG India Credit Co aspires to be a steadfast supporter of its customers, aiding them in the realization of both personal and business objectives. Mr Pareek conveyed his excitement about the collaboration and the opportunity to collectively cater to millions of customers throughout India, underscoring a mutual dedication to delivering outstanding and customer-centric financial services.
