Daimler India Commercial Vehicles Pvt. Ltd. (DICV) has signed a MoU with Karur Vysya Bank (KVB) to provide commercial vehicle financing packages to customers across the country.
Apart from Daimler’s own captive financing brand, BharathBenz Financial, KVB becomes a key financing partner for BharatBenz along with others adding substantial choice and value for customers.
The agreement is signed by M. Balachandran, General Manager and Group Head, Commercial Banking Group, KVB and Arghadip Roy, Assistant General Manager and National Head – Retail and Channel Finance, DICV and T.D Jayakar, Senior Manager, Retail and Channel Finance, DICV.
Announcing the tie-up, Erich Nesselhauf, CEO and Managing Director, DICV, states, “Having chosen KVB as a partner in financing, BharatBenz trucks is the next step in moving towards and expanding our business.”