Lohia Auto Industries announced IndusInd Bank as its preferred financier for financing its diesel three-wheelers. Through this partnership IndusInd bank will offer retail finance at an attractive rate of interest to the customers of Lohia Auto for all its 3-wheeler models. This partner will be able to provide hassle-free loan facility at competitive interest rates to its customers.
Both Lohia Auto Industries and IndusInd Bank Ltd are established names in its respective segments, known for its reliability and large distributor network. The loan facility will be available in almost every part of the country namely Madhya Pradesh, Haryana, Bihar, Jharkand, Chattisgarh, Gujarat, Rajasthan, Odissa, AP, R&T and Coastal Andhra.
Mr. Ayush Lohia, MD & CEO, Lohia Auto Industries said, “A huge segment of customers will benefit by this alliance. This partnership will also help both Lohia Auto and IndusInd Bank in increasing the number of customers, thus enabling widening of the market for the products.”
Mr. S.V. Parthasarathy, Senior Executive Vice President & Head, Consumer Finance Division, IndusInd Bank Ltd. said, “This alliance is part of our strategy to continue to be a leading player in the field of three wheeler financing. We will offer retail finance at an attractive rate of interest to customers through our large branch network.”