Honda Motorcycle and Scooter India ties-up with Sarva Haryana Gramin Bank for 2Wheeler retail finance
Gurgaon, July 21, 2014
- Honda's latest Rural Retail finance partnership to benefit 2Wheeler customers
- Key features: Special reduced rate of interest for Honda customers, 90% Loan to Value, Tenure upto 60 months
- Loan upto Rs 1 Lac with minimum processing fee and easy documentation
Gurgaon, July 21, 2014: Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI), the 2nd largest 2Wheeler Company in India today announced its new retail finance tie-up with Sarva Haryana Gramin Bank, at a special ceremony in Gurgaon. Sarva Haryana Gramin Bank has an extensive network of branches and provides special services like the Kissan Credit card, Women Credit card, NRI banking, Agriculture loan and Micro loan.
Honda in FY 13-14, associated with Co-operative, Gramin & Non-Banking financial institutions in Punjab, Rajasthan, Uttar Pradesh, Assam, West Bengal and Uttrakhand for providing 2wheeler retail finance facility to customers in India. Last year HMSI gained finance penetration by 5% which will further increase in current fiscal.
With this association, HMSI is stepping closer to its valued customers in Haryana by making Honda's 2Wheelers more easily accessible to Sarva Haryana Gramin Bank's 50 lac customers.
With this partnership, customers across all towns/village where the bank has its network can avail many attractive value-ads. These benefits include Special reduced rate of interest, 90% LTV, No guarantor and Tenure upto 60 months with minimum processing fee and easy documentation. Through this partnership, buyers can avail loan amount of upto Rs 1 Lac.
On the partnership, Mr. R. C. Chopra, General Manager, Sarva Haryana Gramin Bank said "We are really happy to partner with Honda in India. In Haryana, 2Wheelers play an important role in daily transportation. It is our continuous endeavor to make our customers life convenient, with this partnership we are confident to be able to help people in buying their choice of Honda 2Wheeler and contribute in fulfilling their dreams.'
Excerpts from the Company:
On this partnership, Mr. Y.S. Guleria, Vice President, Sales & Marketing, HMSI said, "At Honda, we relentlessly look at options to provide the best finance schemes to our customers and give them the 'Power of Choice'. With the expansion of our rural product portfolio, especially with Dream Series motorcycles, it is imperative for Honda to facilitate rural customers to make Honda a part of their life. Today we are privileged to partner with a largest network Bank in Haryana, Sarva Haryana Gramin Bank to make 2Wheeler buying more accessible and convenient for its customers. We are sure now with attractive benefits and depth of our reach in the state, more customers will get an opportunity to experience high quality Honda products."
HMSI in Haryana:
As the 'Fastest Growing 2Wheeler Company in both Haryana and pan-India' – Honda grew an overwhelming 34% compared to average 2Wheeler industry growth of 11% in first quarter of FY14-15 (YoY basis). Honda meets the expectations of customers in Haryana with its 117 sales and service outlets and aims to aggressively expand its reach by adding 35 new outlets to serve its customer faster.
About Sarva Haryana Gramin Bank:
Serva Haryana Gramin Bank with its Head Office at Rohtak (Haryana) sponsored by Punjab National Bank, the Leading Bank in Indian Banking industry. The Bank is incorporated as a Scheduled Bank in Schedule - II of Reserve Bank of India Act, 1934 and is authorized to affect banking transactions as permitted under section 5(b) of Banking Regulations Act, 1949. Sarva Haryana Gramin Bank is providing the strongest & largest banking network in Haryana. Presently, Sarva Haryana Gramin Bank has 554 branches throughout Haryana with a workforce of more than 2600 dedicated employees, the Bank is striving hard to provide best banking services in its command area.
For further information, please contact:
Public Relations Department
Honda Motorcycle & Scooter India Pvt. Ltd
public.relations@honda2wheelersindia.com
