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Chennai, Nov 25

TVS Motor Company has entered in to an arrangement with IndusInd Bank through which the company’s dealers could avail themselves of structured inventory financing from the bank. The deal is also consistent with the bank’s desire to provide funding right down the supply chain. The Head (Transacting Banking) of IndusInd Bank, Mr Ramesh Ganesan, said the bank would deliver this product through technological platform enabling integration with manufacturers and deal ers. The President (Marketing) of TVS Motors, Mr H.S. Goindi, said this tie up opens up new avenues including consumer finance arrangement for two wheelers.

— Our Bureau

More Stories on : Announcements | Consumer Finance | Two/Three Wheelers

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