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TMB, Benz in tie-up

tmb19febTamilnad Mercantile Bank and Daimler India Commercial Vehicles have entered into a MoU to provide tailor-made financing packages to customers across the country for BharatBenz trucks and buses. H.S. Upendra Kamath, MD & CEO of the bank, and Arghadip Roy, deputy GM and national head- Retail and Channel Finance, DICV and Prabudass Ealumalai, Senior Manager, Retail Finance South, DICV, signed the documents in this regard. Erich Nesselhauf, MD and CEO, Daimler India Commercial Vehicles, said the bank with a strong footprint where the company’s dealers and customers are located and with over 80% of its branches situated in semi-urban and rural areas, is a perfect partner to support its dealers with fast and easy processes, as well as to provide its customers with competitive, tailor-made financing solutions for their new BharatBenz products. Kamath said this symbiotic relationship will help the bank to leverage its and DICV’s strengths, thus opening up new avenues and allowing for a collaborative association.

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