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Honda Motorcycle & Scooter India (HMSI) and IndusInd Bank have signed an agreement to offer retail finance to customers for boosting the company’s domestic growth.
HMSI has said in statement that the company has signed a memorandum of understanding with IndusInd Bank offering vehicle loans at a rate of interest of 18 percent on all Honda two-wheeler models.
Yadvinder Singh Guleria, HMSI Senior Vice-President, Sales & Marketing said that “In two-wheeler industry, retail finance penetration is increasing, and more and more customers are looking at various finance options… Driven by this partnership with IndusInd Bank, we aim to grow Honda’s retail finance significantly.”
