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Sunday, October 24th, 2021

Lohia Auto Industries signs a MOU for national 3Wheeler retail finance with IndusInd bank

0a8964c0-d962-4cd3-aa10-254d237a6d9dINVC NEWS New Delhi, Lohia Auto Industries announced IndusInd Bank as its preferred financier for financing their diesel three wheelers. Through this partnership IndusInd bank will offer retail finance at an attractive rate of interest to the customers of Lohia Auto for all Lohia 3wheeler models. This partner will be able to provide hassle-free loan facility at competitive interest rates to its customers. Both Lohia Auto Industries and IndusInd Bank Ltd are established names in their respective segments and are known for their reliability, and large distributor network. The loan facility will be available in almost in every part of the country namely Madhya Pradesh, Haryana, Bihar, Jharkand, Chattisgarh, Gujarat, Rajasthan, Odissa, AP, R&T and Coastal Andhra. Mr. Ayush Lohia, MD & CEO, Lohia Auto Industries said, “A huge segment of customers will benefit by this alliance. This partnership will also help both the Lohia Auto and IndusInd Bank in increasing the number of customers, thus enabling widening of the market for the products.” Mr. S.V. Parthasarathy, Senior Executive Vice President & Head - Consumer Finance Division, IndusInd Bank Ltd. said,“This alliance is part of our strategy to continue to be a leading player in the field of three wheeler financing. We will offer retail finance at an attractive rate of interest to customers through our large branch network.”

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