The agreement will help provide loans at attractive rates for all classes of commercial vehicle operators, including retail customers and will be available across the range of AMW vehicles such as tippers, the new AMW haulage range and other special purpose vehicles. The country-wide reach of AMW and L & T Finance will considerably augment financing options for customers.
The Memorandum of Understanding was signed by A. Ramasubramanian – President AMW Motors and Mr G C Rangan, COO, L&T Finance. Senior officials of both companies were present on the occasion.
Mr. A Ramasubramanian said, “Affordable financing for commercial vehicles is extremely important as it provides our customers the advantage of aligning their monthly outgo on loans with vehicle operating costs and enables them to increase the Return on Investment which is crucial to business. The combined benefit of high product performance and attractive financing options is a “win-win” for all of us. We are privileged to be associated with L & T Finance and are confident that this tie up will generate increased volumes for AMW and better overall productivity for customers.”
Mr G C Rangan, COO, L&T Finance said “With this strategic tie-up with AMW we feel that the potential of owning a quality portfolio by the transport community will get a real boost. It is our continuous endeavour to make availability of finance more convenient and customer friendly and with this partnership; we believe, we will be able to help people in buying their choice of commercial vehicle.”
