GM (India) - SBI signed a MoU

Mumbai: General Motors (GM),India and State Bank of India (SBI), has signed a memorandum of understanding (MoU), to provide auto financing to all GM's Chevy car buyers.

As per the MoU, SBI will now provide both - retail and wholesale financing, to customers for purchase of GM India vehicles across the country. Whereas, GM India will promote schemes to offer easy finance options to their customers by leveraging the pan India presence of SBI.

The Vice President, Sales, Marketing & after Sales, Ankush Arora signed the agreements on behalf of General Motors India and said, "We are extremely pleased to partner with SBI being the largest public sector bank in the country. Its extensive reach across India will help our customers to avail of loan facilities to buy our most sought after products. Low interest rates in addition to low processing charges are some of the many benefits which our customers can enjoy while availing of loan facilities of from State Bank of India for financing of our vehicles."