AMW Motors has entered into an agreement with L & T Finance to provide competitive retail financing options for its range of medium and heavy haulage vehicles and tippers. The Memorandum of Understanding was signed by A Ramasubramanian – President AMW Motors and GC Rangan, COO, L&T Finance.
The partnership is expected to benefit and support customers across India by making loans easily accessible with attractive benefits. The benefits include attractive interest rates, high loan to value of commercial vehicles, simple documentation process, personalised services, quick disbursement and pan India network.
Ramasubramanian said, “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.”
According to Rangan with this partnership they will be able to help people in buying their choice of commercial vehicle. He 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.”
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.