auto news desk, Maruti Suzuki India Limited on Monday said it has entered into a partnership with Cholamandalam Investment and Finance Company Limited (Chola). Chola will provide financing to Maruti Suzuki’s dealer partners under this partnership. The new tie-up will help over 3,600 Maruti Suzuki dealerships across the country with financing options for their working capital requirements, the company said in a statement.
it would be beneficial
Ravindra Kundu, Executive Director, Cholamandalam Investment & Finance Company Limited, said, “With our strong network of over 1,191 branches across India, we look forward to serving the dealers in a fast and convenient manner. Let us tell you that recently a figure released by Maruti Suzuki has confirmed why a particular vehicle is the most preferred car in the country. The sales figure of the country’s popular hatchback car WagonR has crossed 3 million units in the last two decades.
Giving this information in a statement on Tuesday, MSI said that the sales figure of 3 million units reflects the success of the WagonR model in the country. The company’s Senior Executive Officer (Sales & Marketing) Shashank Srivastava said that this reflects the undeniable position of WagonR as one of the most iconic hatchbacks in India. First introduced in the Indian market in 1999, the WagonR crossed the five lakh unit sales mark in 2008.