HomeBusinessToyota Kirloskar Motor Partners with Indian Bank to Offer Attractive Financing Solutions

Toyota Kirloskar Motor Partners with Indian Bank to Offer Attractive Financing Solutions

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  • New partnership to offer innovative retail funding options from customers across the country 
  • Offers up to 90% on Road Funding

In its pursuit to enhance customer experience and enable  easy ownership process, Toyota Kirloskar Motor (TKM) announced the signing of a Memorandum of Understanding (MOU) with Indian Bank, one of India’s leading nationalised banks, to offer exciting vehicle financing options to all.  

The new tie-up will offer innovative solutions that match the evolving expectations of customers, with up to 90% on-road funding, with no processing fee, foreclosure, and part-payment charges. This development will now enable customers, especially in the rural and semi-urban markets, to access easier funding options to buy their favourite Toyota vehicle with ease. The tie-up that comes at a time when TKM is expanding its product portfolio with models  like the Innova Hycross, Urban Cruiser Hyryder, New Innova Crysta and Hilux in addition to the existing models  namely Fortuner and Legender, Toyota Glanza, Camry Hybrid  and Vellfire, thus catering to customer requirements across the length and breadth of the country.  

Elaborating on the tie-up, Mr. Atul Sood, Vice President, Sales and Strategic Marketing, Toyota Kirloskar Motor said, “We are delighted to join hands with Indian Bank in line with our commitment of providing an awesome Toyota experience to all our customers. The collaboration seeks to provide simpler financing options, hassle-free experience, and timely assistance to ensure a pleasant buying process. At TKM, our approach has always been to listen to the market needs and appropriately introduce products and services that offer an exceptional ownership experience to our customers. We believe that with this tie-up we will be able to further enhance our reach to all those customers who are keen to own a Toyota vehicle, while supporting them with financial value-added services.” 

Speaking on the occasion Mr. Imran Amin Siddiqui, Executive Director, Retail Assets, Indian Bank said, “The association with Toyota Kirloskar Motor Private Limited will allow us to provide faster financing to a large number of our customers across the country. Indian Bank has a strong presence across the country. We are confident that our digital loan procedure, will provide customers who want to acquire a new Toyota vehicle for themselves and family, ease and comfort at its best. We are dedicated to make the auto finance process easier and provide an enhanced consumer experience both in terms of product and services.” 

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