Honda 2Wheelers India adds new national retail finance partner

New Delhi, July 8, 2019: Strengthening further its retail finance options for customers, Honda Motorcycle & Scooter India Pvt. Ltd. today signed a Memorandum of Understanding (MoU) for new nationwide retail finance partnership with Cholamandalam Investment & Finance Company Limited.

Formalizing the partnership in the MoU signing ceremony were Mr. Yadvinder Singh Guleria (Senior Vice President – Sales & Marketing, Honda Motorcycle & Scooter India Pvt. Ltd.) and Mr. Ravindra Kundu (President & Business Head - Vehicle Finance, Cholamandalam Investment & Finance Company Limited) with other dignitaries.

Elaborating on the latest two-wheeler retail finance partnership Mr. Yadvinder Singh Guleria, Senior Vice President, Sales & Marketing, Honda Motorcycle & Scooter India Pvt. Ltd. said, “Increase in two-wheeler ownership cost post insurance premium hike and new brake regulations is resulting in increased percentage of new customers availing retail finance to purchase their favorite two-wheeler. We believe that consumer shift towards retail finance will accelerate even more in the coming year. To facilitate convenient and affordable purchase options for our customers we are pleased to announce partnership with Cholamandalam for our valued customers.”