Top News

|  AAI pips GMR for Bhogapuram project  |    |  SWR and JSW Steel sign MoU for long-term tariff contract  |    |  Shanghai Port handles 3.44 m TEU in July  |    |  Cathay Pacific carries nearly 14% more cargo in July 2017  |    |  Port of Riga handles 13.8 % rise in box volumes in first 7 months of 2017  |    |  VPT handles 22 mt cargo during first 5 months of FY 2018  |    |  Japan exports rise 13% to USD 59 billion in July  |    |  Asia-Europe rate drops 1.4% to USD 918 TEU, off 1.2% to USWC  |    |  Coal imports at Major Ports down  |    |  Alliance Air to start 4 new services from August 30  |    |  Milaha to start Direct container service between Qatar & Kuwait  |    |  Port of Virginia container volume increases 7.5% in July to 234,230 TEU  |    |  Cosco container terminals increase July volumes 17.3% to 7.6 million TEU  |    |  Oakland handles 209,883 TEU in July, increasing port volume 1.6%  |    |  Container volume up 13.8% in Riga to 245,200 TEU in first 7 months  |    |  SpiceJet hikes excess baggage fee on local fights  |    |  Major Ports profit to rise 40 % this fiscal at INR 7000 crore in FY 2018  |    |  Foreign operators to be invited to develop Bangladesh ports  |    |  NMPT chief highlights green initiatives  |    |  MOL restarts Wellington (NZ) Port call  |   
You are here: Home » National News » Roadways» Mahindra and Orix India Sign MoU for CV Loans

Mahindra and Orix India Sign MoU for CV Loans

15 June 2017 | New Delhi
 

transreproter

Orix India has announced a tie-up with Mahindra group to provide vehicle finance on the purchase of medium and heavy trucks of the automaker.

Orix India is a 100% subsidiary of Japan's largest car leasing company Orix Corporation. It is also into self-drive car rental and consumer finance.

The company said in a statement, Orix India and Mahindra & Mahindra's medium and heavy truck division have signed a memorandum of understanding (MoU).

Commenting on the partnership, Orix India MD and CEO Sandeep Gambhir said: "Orix will offer funding up to 90% of the cost of the commercial vehicles with its leasing solutions for tenures ranging up to five years at competitive rates."

Orix provides finance for all kinds of commercial vehicles to clients consisting of small and large truck and bus operators, schools and distributors of all kinds of products, among others.

The company also offers financing solutions for the purchase of both used and new light, medium and heavy commercial vehicles across the country.

Mahindra Trucks and Buses Limited MD and CEO Nalin Mehta said, "Orix is a great fit for Mahindra trucks and buses because of its nationwide presence and deep understanding of the commercial vehicles market.”

   
Transreproter Logo