Mahindra MoU with SBI to finance small CVs, pick-ups

Mahindra & Mahindra has inked a Memorandum of Understanding (MoU) with the State Bank of India to offer financial assistance for purchase of M&M’s range of small commercial vehicles and pick-ups.

The collaboration will allow M&M’s small commercial vehicles customers to avail loan in a contactless and hassle-free manner with only 59 minutes approval process, said a press release. 

Mr Amit Sagar, Business Head – SCV at Automotive division, Mahindra & Mahindra Ltd., said, “Our financing scheme is not just unique, but also very pertinent, given SBI’s reach and trust across the length and breadth of the country.”