MAN Trucks India signed a Memorandum of Understanding (MOU) with India’s premier commercial bank – Canara Bank for offering commercial vehicle loans to its customers. With this MOU, Canara Bank becomes a preferred financier for MAN Trucks in India.
The MOU was signed by Mr. Jagadish Bhat, Chairman & Managing Director, MAN Trucks India and Mr. R Madhusudan, GM – MSME Wing, Canara Bank. Also present on the occasion were Mr. Somasundaram, National Sales Head, MAN Trucks India and Mr. C G Saha, DGM – MSME Wing, Canara Bank.
Canara Bank caters to around 6.75 Crore customers through their pan India network of 5708 branches , with 49 SME Sulabhs and 162 SME branches dedicated to MSME sector. MAN Trucks India’s extensive products range complements the construction & transport requirements of MSME Sector.
Announcing the partnership, Mr. Jagadish Bhat, Chairman & MD, MAN Trucks India, said “This MOU will give MAN Trucks India access to the vast network & expertise of Canara Bank. Customers of Canara Bank can also look forward to MAN Trucks unmatched expertise in providing solutions to their construction & bulk transport needs.”
“We look forward to leverage MAN Trucks’ expertise in transport solutions with our wide network in semi urban and rural areas to provide attractive financial solutions to our customers” added Mr. R Madhusudan, GM – MSME Wing, Canara Bank.