Maruti Suzuki India announced on Friday that it has entered into an agreement with DBS Bank India to provide funding for dealer inventory.

According to a statement from the company, this Memorandum of Understanding (MoU) will offer comprehensive funding options for over 3,863 Maruti Suzuki sales outlets across the country.

Partho Banerjee, Senior Executive Officer (Marketing & Sales) of Maruti Suzuki India, said, “This partnership is a step towards providing innovative financial products to Maruti Suzuki’s extensive dealer network across the country in line with their growing business needs,”

Divyesh Dalal, Managing Director and Head of Global Transaction Services, SME and Institutional Liability Business at DBS Bank India, mentioned that the bank will utilise its advanced digital supply chain solutions for SMEs and its domestic presence to provide continuous support to Maruti dealers throughout their entire business cycle.