• About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News
Wednesday, February 8, 2023
  • Login
National Age
  • Home
  • India
    • National
    • State News
  • World
  • Education
  • Lifestyle
    • Health & Fitness
    • Fashion
    • Travel
    • Food
  • Business
  • Tech
    • App News
    • Gadgets
  • Entertainment
  • Auto
  • Sports
  • Others
    • Agriculture
    • Science
    • Astrology
    • Finance/Money
No Result
View All Result
  • Home
  • India
    • National
    • State News
  • World
  • Education
  • Lifestyle
    • Health & Fitness
    • Fashion
    • Travel
    • Food
  • Business
  • Tech
    • App News
    • Gadgets
  • Entertainment
  • Auto
  • Sports
  • Others
    • Agriculture
    • Science
    • Astrology
    • Finance/Money
No Result
View All Result
National Age
No Result
View All Result
Home Auto

Bank of Baroda with Toyota Kirloskar Motor Introduces Finance Options for Customers & Dealers

National Age by National Age
October 21, 2020
in Auto, Finance/Money
0
Toyota Kirloskar Motor Announces Special Offer for Salaried Customers at the onset of the festive season
Share on FacebookShare on Twitter

Opens easy finance schemes in smaller cities & towns across India

In pursuance of its customer-first approach, Toyota Kirloskar Motor (TKM) today announced the signing of Memorandums of Understanding (MoUs) with the country’s leading public sector bank, Bank of Baroda, to enable finance options for both – its customers and dealers – across a vast number of cities and towns in India.

Following the tie-up, Bank of Baroda will be one of the preferred financiers for the entire range of vehicles sold by TKM.  The new service facilitates customers to avail customised solutions such as high on-road funding of 90 per cent, long repayment period of 84 months, no prepayment or foreclosure charges. On the other hand, TKM dealers will benefit from the best Digitized Supply Chain Finance with competitive interest rates.

Sharing his thoughts on the alliance, Mr. Murali Ramaswami, Executive Director, Bank of Baroda, said, “We are delighted to be associated with one of the India’s valuable passenger car manufacturers. This alliance gives us an opportunity to penetrate deep into the relationship with automobile dealers and augmenting our Dealer Finance Portfolio through our branches spread across the country. Given the huge potential to cross-sell our other products to these dealers, we are hopeful that this agreement would give us mutual synergies by way of strengthening  our presence in  supply chain financing segments on one hand and increases market penetration for TKM on the other hand.

Read ThisAlso

Univest collaborates with Pratik Gandhi to conquer retail investor challenges

Univest collaborates with Pratik Gandhi to conquer retail investor challenges

January 10, 2023
PayRup, India’s Fastest Payment app is launched

PayRup, India’s Fastest Payment app is launched

January 9, 2023

Talking about the MoU, Mr. Vikramaditya Singh Khichi, Executive Director, Bank of Baroda, said, “We are very pleased to sign a MoU with Toyota Kirloskar Motor Pvt Ltd for the Auto Loan Finance. This alliance augments our focus on Retail Auto Finance business and will give value to our Customers and Toyota’s customers. With our wide branch network of over 9000 branches, we will be able to finance customers across the country and further penetrate into Auto Loan market share. This relationship will further unleash the potential of both organizations and will augment our MSME segment with Dealer Finance Program and Retail segment with Auto Loan Finance.”


Read This Also : Toyota Kirloskar Motor Announces Special Offer for Salaried Customers at the onset of the festive season


Commenting on the tie-up, Mr. Naveen Soni, Senior Vice President, Sales and Service, TKM, said, “The association is part of our efforts to enable new-age banking and finance solutions for a hassle-free and seamless experience for both our customers and dealers. Under our customer-first approach, we will continue to innovate and offer more options to our customers and dealers reflecting the prevailing needs and emerging market demand. The MoU with Bank of Baroda comes at an opportune time for us, with our recent foray into the B-segment with new models like the all-new Toyota Urban Cruiser. We have also been witnessing good demand from both large and small cities and towns for both Urban Cruiser & Glanza. Under the association, we will have access to their extensive network spread across the country including metros and Tier II and III cities and towns. They are an ideal partner for us and we are delighted and look forward to working closely with them to increase the reach of Toyota products to every nook and corner of India.”

TKM always strives to enhance the customer experience throughout the life cycle by launching timely and relevant schemes for easy finance, sale of old vehicles, service etc. This new association with Bank of Baroda will promote various finance options to customers and dealers at all the branches of the bank to help them with quick and easy access to loans.

Overview of TKM

Company name Toyota Kirloskar Motor Private Limited
Equity participation TMC: 89%, Kirloskar Systems Limited (Mr. Vikram S. Kirloskar): 11%
Number of employees Approx. 6,500
Land area Approx. 432 acres (approx.1,700,000 m2)
Building area 74,000 m2
Total Installed Production capacity

Upto 3,10,000 units

 

Overview of TKM 1st Plant:

Established October 1997 (start of production: December 1999)
Location Bidadi
Products Innova, Fortuner manufactured in India.
Installed Production capacity

Upto 1,00,000 units

 

Overview of TKM 2nd Plant:

Start of Production December 2010
Location On the site of Toyota Kirloskar Motor Private Limited, Bidadi
Products  Toyota Yaris & Camry Hybrid
Installed Production capacity Upto 2,10,000 units

 

National Age

See author's posts

Tags: Bank of BarodaToyota Kirloskar Motor
Share6Tweet4Share1SendShareSend
Previous Post

“Speed and agility helped us turn things around,” CEO Rohit Chadda as Zee Digital maintains the 2nd rank on Comscore

Next Post

How Choosing The Right Makeup Academy Can Boost Your Makeup Career

National Age

National Age

Related Posts

Univest collaborates with Pratik Gandhi to conquer retail investor challenges
Finance/Money

Univest collaborates with Pratik Gandhi to conquer retail investor challenges

January 10, 2023
PayRup, India’s Fastest Payment app is launched
Finance/Money

PayRup, India’s Fastest Payment app is launched

January 9, 2023
Goodyear Lubricants Releases New Engine Oil Products in India
Auto

Goodyear Lubricants Releases New Engine Oil Products in India

January 7, 2023
Financial Planning Goes AI: Introducing WOW the Most Advanced Fintech in India for 2023
Business

Financial Planning Goes AI: Introducing WOW, the Most Advanced Fintech in India for 2023

December 29, 2022
Rebolt Launches its EV Charging Station at Lulu Global Mall, Bengaluru
Auto

Rebolt Launches its EV Charging Station at Lulu Global Mall, Bengaluru

December 26, 2022
Trucknetic Introduces ‘EVolev’ as India’s first platform for EV Trucks
Auto

Trucknetic Introduces ‘EVolev’ as India’s first platform for EV Trucks

December 17, 2022
Next Post

How Choosing The Right Makeup Academy Can Boost Your Makeup Career

Surat Pre-School Association gives 25% fee relief in the Pandemic

Father of Modern Martial Arts Dr. Jasbir Singh becomes the face of martial arts

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Pro Cricket Championship Trophy (PCCT) announced the schedule of their selection trials and matches today

Pro Cricket Championship Trophy (PCCT) announced the schedule of their selection trials and matches today

May 26, 2022
Now our E-store India has become an international company

Now our E-store India has become an international company

November 1, 2022
Rotary announces: 20th Global Poster Painting Competition

Rotary announces: 20th Global Poster Painting Competition

June 8, 2022
Influencerquipo presents Most Confident plus Size Influencer of the year- Jaanvi

Influencerquipo presents Most Confident plus Size Influencer of the year- Jaanvi

August 11, 2021
Pro Cricket Championship Trophy (PCCT) announced the schedule of their selection trials and matches today

Pro Cricket Championship Trophy (PCCT) announced the schedule of their selection trials and matches today

14
MPF Investments are mainly aimed at companies in the Indian Market

MPF Investments are mainly aimed at companies in the Indian Market

4

TECNO launches SPARK Power 2 Air: The new Power Play Entertainment device

2

PrivateCourt is all set to revolutionize the concept of Online Dispute Resolution

1
Imperfecto & Smaaash join hands and plan to launch 24 new outlets named as Imperfecto Canteen

Imperfecto & Smaaash join hands and plan to launch 24 new outlets named as Imperfecto Canteen

February 8, 2023
First Uttar Pradesh Pickleball Championship, Sponsored By the Heritage School & Mart n More, Concludes

First Uttar Pradesh Pickleball Championship, Sponsored By the Heritage School & Mart n More, Concludes

February 8, 2023
Dietician Shikha Aggarwal Sharma honored by Ram Niwas Goyal Delhi Legislative Assembly Speaker

Dietician Shikha Aggarwal Sharma honored by Ram Niwas Goyal Delhi Legislative Assembly Speaker

February 8, 2023
The Man Who’s Turning On The Lights

The Man Who’s Turning On The Lights

February 8, 2023

Recent News

Imperfecto & Smaaash join hands and plan to launch 24 new outlets named as Imperfecto Canteen

Imperfecto & Smaaash join hands and plan to launch 24 new outlets named as Imperfecto Canteen

February 8, 2023
First Uttar Pradesh Pickleball Championship, Sponsored By the Heritage School & Mart n More, Concludes

First Uttar Pradesh Pickleball Championship, Sponsored By the Heritage School & Mart n More, Concludes

February 8, 2023
Dietician Shikha Aggarwal Sharma honored by Ram Niwas Goyal Delhi Legislative Assembly Speaker

Dietician Shikha Aggarwal Sharma honored by Ram Niwas Goyal Delhi Legislative Assembly Speaker

February 8, 2023
The Man Who’s Turning On The Lights

The Man Who’s Turning On The Lights

February 8, 2023

www.nationalage.com, digital news and story platform bring you the news, articles, stories, and opinions on the latest happenings worldwide covering various sectors like nation, politics, and governance, social sector, review, foreign affairs, defence and security, latest review, lifestyle, entertainment, sports, technology, auto sectors, education, business and start-ups updates, Agriculture, Science, finance, money, food, and culture, etc.

If you have any query regarding Site, Advertisement, and any other issue, please feel free to contact at [email protected]

Follow Us

Browse by Category

  • Agriculture
  • App News
  • Astrology
  • Auto
  • Business
  • Education
  • Entertainment
  • Fashion
  • Finance/Money
  • Food
  • Gadgets
  • Health & Fitness
  • Lifestyle
  • National
  • Photography
  • Politics
  • Press Release
  • Religion
  • Science
  • Social Work
  • Sports
  • State News
  • Tech
  • Travel
  • World
Imperfecto & Smaaash join hands and plan to launch 24 new outlets named as Imperfecto Canteen

Imperfecto & Smaaash join hands and plan to launch 24 new outlets named as Imperfecto Canteen

February 8, 2023
First Uttar Pradesh Pickleball Championship, Sponsored By the Heritage School & Mart n More, Concludes

First Uttar Pradesh Pickleball Championship, Sponsored By the Heritage School & Mart n More, Concludes

February 8, 2023
Dietician Shikha Aggarwal Sharma honored by Ram Niwas Goyal Delhi Legislative Assembly Speaker

Dietician Shikha Aggarwal Sharma honored by Ram Niwas Goyal Delhi Legislative Assembly Speaker

February 8, 2023
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News

Copyright © 2021 National Age

No Result
View All Result
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Home
  • Privacy Policy

Copyright © 2021 National Age

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In