Honda Motorcycle and Scooter India ties-up with Kangra Central Co-op Bank for 2Wheeler Retail Finance

Dharamshala, August 2, 2014:Honda Motorcycle & Scooter India Pvt. Ltd.(HMSI), announced its new retail finance tie-up with Kangra Central Co-op.Bank Ltd., at a special ceremony in Dharamshala on Saturday. “With this association, HMSI is stepping closer to its valued customers in Himachal Pradesh by making Honda’s 2Wheelers more easily accessible to The Kangra Central Co-op. Bank’s 16 lac customers,” said Y.S. Guleria, Vice President, Sales & Marketing, HMSI.
Gularia explained further that with this partnership, customers across all towns/village where the bank has its network can avail many attractive value-ads. These benefits include Zero Processing fee, Special reduced rate of interest, 85% LTV, Tenure upto 60 months and easy documentation. Through this partnership, buyers can avail loan amount of upto Rs 1 Lac.
Y.S. Guleria, said, “At Honda, we relentlessly look at options to provide the best finance schemes to our customers and give them the ‘Power of Choice’. With the expansion of our rural product portfolio, especially with Dream Series motorcycles, it is imperative for Honda to facilitate rural customers to make Honda a part of their life. Today we are privileged to partner with biggest Bank in Himachal Pradesh, The Kangra Central Co-op. Bank to make 2Wheeler buying more accessible and convenient for its customers. We are sure now with attractive benefits and depth of our reach in the state, more customers will get an opportunity to experience high quality Honda products.”
On the partnership, Jagdish Sapehia, Chairman, The Kangra Central Co-op. Bank said “We are really happy to partner with Honda in India. Due to Himachal Pradesh’s mountainous terrain, 2Wheelers play an important role in transportation. It is our continuous endeavor to make our customers life convenient.’’
The Kangra Central Co-op. Bank is one of the largest Co-op Banks  in India, with 16 lakh customers to operates in 5 districts of Himachal Pradesh with  194 branches & 14 Extension Counters. loan.
Guleria and Sapehia launched  CD 110 model of Honda bike at Dharamsala.