Honda Motorcycle and Scooter India tie-up with L&T Finance Holdings for Two Wheeler loans
Mumbai, January 29, 2014: Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI), the Only 2 Wheeler Company of Honda in India today announced partnership with Family Credit Ltd, a wholly-owned subsidiary of L&T Finance Holdings Ltd. to provide loans to two wheeler customers across India. L&T Finance offers a spectrum of financial products and services for trade, industry and agriculture.
· Partnership to benefit 2wheeler Customers across India
· Key features: Attractive interest rates, Pan India network, Simple documentation process, Customized repayment options
HMSI has already associated with co-operative and Gramin financial institutions in the near past for retail finance facility in the states of Punjab, Rajasthan & Uttar Pradesh.
The loan scheme provides financing options for salaried & self-employed individuals. Through this partnership, buyers can avail loan amount of up to 90% of the value of a Honda two wheeler “On this occasion, Mr G C Rangan, COO, L&T Finance said “The strategic tie-up with Honda will boost to increase the potential of owning a two wheeler. L&T Finance’s continuous effort is to endower customer convenience and needs. Another step in this process is the availability of two wheeler loans with a leading two wheeler brand for our esteemed customers.”
Excerpts from the Company:
Talking on the partnership, Mr. Tomoaki Nagayama, Deputy Director, Sales & Marketing, HMSI said, “To the People who have entrusted their faith and confidence in Honda, we are sure that with LTF’s wide network and flexible finance solutions, we would be able to reach out to more and more customers and provide them an opportunity to experience high quality yet affordable Honda products.”
About Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI):
Honda Motorcycle & Scooter India Pvt. Ltd. started Indian operations in May, 2001.Honda delights its customers with an entire range of 17 motorcycles & automatic scooters and has more than 15 Million happy customers. With its three manufacturing facilities it is equipped to reach annual capacity of46 lac units by FY’14 end. To reach closer to its valued customers and new markets, Honda has intensified its efforts to rapidly expand its network by adding 500 new touch-points and take its growing network to 2500.
About L&T Finance Holdings Ltd:
L&T Finance Holdings Ltd. Is a financial holding company offering a diverse range of financial products and services across the corporate, retail and infrastructure finance sectors, as well as mutual fund products and investment management services, through its direct and indirect wholly-owned subsidiaries. It is registered with the RBI as an NBFC.