Daimler India, HDFC Bank tie-up for commercial vehicle financing

Mumbai, Oct. 20: Daimler India Commercial Vehicles (DICV) has tied up with HDFC Bank for financing its commercial vehicles. The MoU was signed in the presence of Mr Marc Llistosella, Managing Director and CEO, DICV, and Mr Aditya Puri, Managing Director, HDFC Bank.

The first preferred financier for BharatBenz trucks, HDFC Bank will now evaluate the finance needs of the clients and develop appropriate financing packages for BharatBenz customers. “This partnership is another big step as we move towards the market launch of our BharatBenz Trucks. 

This alliance allows us to strengthen our presence as HDFC Bank has a wide network and complements in serving our prospective customers,” Mr Llistosella said. In addition, HDFC Bank will also extend cooperation on the consumer and corporate banking sides across Daimler India entities. HDFC Bank has a network of 2,111 branches in 1,111 cities and 5,998 ATMs in India. DICV, a fully-owned subsidiary of Daimler AG, will roll out trucks in 2012 from its manufacturing facility at Oragadam, near Chennai.