Honda Cars India Signs MoU With “IDBI Bank To Offer Attractive Finance Schemes”

- In line with HCIL’s commitment to offering customers with the best ownership experience  

Honda Cars India Limited (HCIL), leading manufacturer of premium cars in India has entered into a MoU with IDBI Bank, a leading private sector Bank in India, to offer host of finance schemes for its customers. This collaboration between HCIL and IDBI Bank will facilitate customers to avail hassle free affordable financing options & schemes on purchase of Honda Car models. The association reaffirms commitment of HCIL and IDBI Bank to provide the best service to its customers. 

Elaborating on the partnership, Mr. Kunal Behl, Vice President, Marketing & Sales, Honda Cars India Ltd. said, “The collaboration with IDBI Bank is an initiative to provide all Honda customers with convenient financing solutions along with the best ownership experience and assistance. We are constantly striving to innovate and improve the customer experience at Honda Cars India, which begins right at the first touch point - the purchase experience. We look forward to welcoming new customers into our Honda family and sharing the joy of owning a Honda car.” 

IDBI Bank MoU with HCIL will enable offering of quick financing solution to a large number of Honda customers across the country. The benefits will include attractive interest rates, minimum processing charges, maximum loan amount and maximum re-payment period. The partnership will ensure providing a better customer experience in terms of product and procedures.” 

About Honda Cars India Ltd. 

Honda Cars India Ltd. (HCIL), a leading manufacturer of premium cars in India, was established in December 1995 with a commitment to provide Honda’s passenger car models and technologies, to Indian customers. HCIL’s corporate office is based in Greater Noida, UP and its state-of-the-art manufacturing facility is located at Tapukara, District. Alwar, Rajasthan.  

The company’s product range includes Honda Jazz, Honda Amaze, Honda WR-V, Honda City and the recently launched Honda City e: HEV catering to the diverse needs of its discerning buyers across different  

segments. Honda’s models are strongly associated with advanced design and technology, apart from their established qualities of durability, reliability, safety, and fuel efficiency. The company has a strong sales and distribution network spread across the country.  

Besides the new car business, Honda offers a one-stop solution for buying and selling pre-owned cars through its business function Honda Auto Terrace. The Honda Certified Pre-owned cars come with an assurance of quality and peace of mind that caters to the diverse and burgeoning needs of pre-owned car buyers across the country. 

About IDBI Bank Ltd. 

IDBI Bank Ltd. has been operating as a commercial bank since October 2004. The Bank is one of the leading private sector banks in India, offering comprehensive financial solutions to its customers from all the walks of life. The Bank has inherited a rich legacy from its predecessor entity – Industrial Development Bank of India (IDBI) - the apex Development Financial Institution (DFI) in the industrial and the infrastructural space set up in July 1964. Complementing its wide network of physical branch and ATM network pan-India with technology and service-oriented approach, the Bank focusses on making banking easier and convenient for its customers. Drawing upon its brand identity of ‘Bank Aisa Dost Jaisa’ (i.e. a Bank just like your friend), the Bank remains committed to its vision of emerging as the “most preferred and trusted Bank enhancing value for all stakeholders.” Towards this end, the Bank would continue to focus on helping in the fulfillment of the aspirations of its customers as also endeavor to support the community at large with the objective of shared socio-economic progress.  

Photo Caption:  Mr. Kunal Behl, Vice President, Sales & Marketing, Honda Cars India and Dr. Kumar Neel Lohit , Chief General Manager - Structured Retail Assets, IDBI Bank Ltd. during MoU signing ceremony.