Daimler India Partners With Bajaj Finance for Easy Finance Solutions
Daimler India partners with Bajaj Finance to offer tailored financing solutions to its commercial vehicle clients and dealerships. This collaboration aims to enhance the accessibility and ease of financing for DICV’s comprehensive range of commercial vehicles.
Chennai, July 30: Daimler India Commercial Vehicles (DICV), a subsidiary of Daimler Truck AG, has formed a strategic partnership with Bajaj Finance, a leading financial institution under the Bajaj Finserv Group, to provide customized financing solutions for its commercial vehicle customers and dealerships.
This collaboration is set to improve the accessibility and convenience of financing options for DICV’s entire range of Bharat Benz commercial vehicles.
According to the Memorandum of Understanding (MoU) signed by DICV and Bajaj Finance, the partnership will introduce innovative financial products tailored to meet the diverse requirements of DICV’s expanding customer base, thereby offering greater flexibility for businesses seeking to purchase commercial vehicles.
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Sreeram Venkateswaran, President & Chief Business Officer at Daimler India Commercial Vehicles, expressed his enthusiasm for the partnership, stating, “This alliance bolsters DICV’s ability to offer superior Total Cost of Ownership (TCO), marking a significant step forward in our commitment to deliver exceptional value and support. Our customers can now confidently grow their businesses and seize new market opportunities.”
The partnership will deliver customer-centric finance solutions with quicker loan approvals, streamlined credit appraisal processes, and tailored financing options to meet various customer needs.
Bajaj Finance will offer a wide range of finance products with flexible terms and conditions to suit different business requirements.
The increased accessibility and convenience this partnership provides will facilitate better access to funds for fleet owners and dealerships, ensuring a smooth and hassle-free financing experience.
Anup Saha, Deputy Managing Director at Bajaj Finance, commented on the partnership, saying, “We are introducing bespoke solutions for various customers, from single truck owners to fleet operators, providing them with flexible financing options designed to optimize their cash flows and support business growth. Our digital solutions, leveraging the India Stack, make the process of owning commercial vehicles swift and seamless. The commercial vehicle industry holds immense promise, and Daimler’s state-of-the-art products combined with Bajaj Finance’s tech-led financing experience will empower fleet owners of all sizes. This partnership will enable us to jointly contribute to the growth of India’s logistics and transportation sectors.”
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Bajaj Finance will also leverage DICV’s growing network to tap into new markets and customer segments, significantly expanding its footprint and enhancing its market penetration capabilities.
As Daimler India partners with Bajaj Finance, both companies aim to drive substantial value for their customers by offering innovative financial products and services that boost business efficiency and growth.
