DICV signs MoU with KVB for financing of BharatBenz trucks

Daimler already operates its captive financing brand, BharathBenz Financial here. In addition, KVB comes on board as key financing partner for BharatBenz along with others to add to customer choice. The MoU was signed by M. Balachandran, General Manager and Group Head – Commercial Banking Group of KVB, Arghadip Roy, Assistant General Manager and National Head- Retail and Channel Finance, Daimler India Commercial Vehicles Private Ltd. (DICV) and T.D Jayakar – Senior Manager, Retail and Channel Finance of DICV.

BharatBenz karur Vyasa bank
Daimler India Commercial Vehicles signs MoU with Karur Vysya Bank as its preferred financier for commercial vehicles

Erich Nesselhauf, CEO and Managing Director (DICV) syas choosing KVB as a partner in financing BharatBenz trucks is the next step in moving towards business expansion. This association furthers DICV’s presence in vital commercial vehicle markets in Andhra Pradesh, Telangana and Tamil Nadu through attractive financial support. Customers benefit from competitive financing solutions with tailor-made offerings for BharatBenz trucks.

M. Balachandran, General Manager of KVB Bank says the collaboration between KVB and DICV provides customers easy and seamless financing solutions through 612 branches, of which 454 are located in Tamil Nadu, Andhra Pradesh and Telangana. The association opens up new avenues for both partners.