April 25th, 2011 – Mumbai, Maruti Suzuki India Limited (MSIL) signed up Au FINANCIERS (INDIA) LIMITED as “Preferred Financier” for financing Maruti Suzuki automobiles. Au Financiers will now work together with Maruti Suzuki to promote and make available organized finance facility to all Maruti Suzuki Customers.
Signing the MOU, Mr. Sanjay Agarwal, Managing Director along with Mr. Uttam Tibrewal, Executive Director and Mr. Manoj Tibrewal, Business Head, announced that, “With this tie-up, Au Financiers will be able to cater the financial needs of Maruti Suzuki customers for the entire range of vehicles sold by Maruti Suzuki India Limited. With our extensive reach to more than 15000 villages and tehsils with 298 branches across ten states of India, Au Financiers and Maruti Suzuki will be able to serve the common man.
Au Financiers will now offer financing facilities to Maruti Suzuki customers, presently at its wide network of 132 branches in Rajasthan, 43 in Gujarat, 39 in Maharashtra, 38 in Madhya Pardesh, 19 in Punjab, 8 in Delhi-NCR, 9 in Haryana, 5 in Chhattishgarh 4 in Himachal Pradesh and 1 in Goa and at select Maruti Suzuki dealer locations across these four states in the country.
Mr. S.N. Burman, General Manager, CB Head (West Zone) and Mr. Anand Prakash, Regional Manager, Maruti Suzuki India Limited said “Given the increasing trend in vehicle financing, this tie up with Au Financiers will help us make available more attractive and competitive finance packages for Maruti products to our customers not only in urban markets but in semi urban and rural markets, as well.”
Au Financiers and Maruti Suzuki, will design and offer special promotional schemes for customers, from time to time. This MoU with Maruti Suzuki will provide customers with additional retail finance options for entire range of Maruti vehicles.
About Maruti Suzuki
Maruti Suzuki India Limited (MSIL), a subsidiary of Suzuki Motor Corporation of Japan, is India's largest passenger car company, accounting for majority of the domestic car market. MSIL has been the leader of the Indian car market for over two and a half decades. The company has two manufacturing facilities located at Gurgaon and Manesar, south of New Delhi, India. Both the facilities have a combined capability to produce over a 1.2 million (1,200,000) passenger car units annually.
The company offers a wide range of cars across different segments. It offers 14 brands and over 150 variants - Maruti 800, people movers, Omni and Eeco, international brands Alto, Alto-K10, A-star, WagonR, Swift, Ritz and Estilo, off-roader Gypsy, SUV Grand Vitara, sedans SX4 and Swift DZire In an environment friendly initiative, in August 2010 Maruti Suzuki introduced factory fitted CNG option on 5 models across vehicle segments. These include Eeco, Alto, Estilo, Wagon R and Sx4.
In fiscal 2009-10 Maruti Suzuki became the only Indian company to manufacture and sell One Million cars in a year.
In 2009-10, the company sold a record 10,18,365 vehicles including 1,47,575 units of exports. With this, at the end of March 2010, Maruti Suzuki had a market share of 53.3 per cent of the Indian passenger car market (including C segment). (http://www.marutisuzuki.com/)
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