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In a move to provide finance for customers to buy cars from Mahindra and Mahindra, the M&M group signed an MOU with the State Bank of Bikaner. he State Bank of Bikaner and Jaipur (SBBJ) for vehicle finance. SBBJ will be a preferred financier for the entire range of Mahindra vehicles, encompassing utility vehicles, pick ups and passenger cars.

From Mahindra, Mr. K Chandrasekar, Senior Vice President, Corporate Finance, Mahindra & Mahindra Ltd., was present at the signing ceremony, along with Mr. Sudhanshu Verma, Head – Trade & Finance, while State Bank of Bikaner and Jaipur was represented by Mr. Arun Shandilya, Managing Director and Mr. M. M. Sehgal, GM -Planning and Development.Recycling Decals Recycling Signs, Recycle Stickers & Recycle Labels – Recycle Signs Supplier. We are web's leading source for Recycling Labels & Recycling Decals. Our Recycle Labels & No Litter Sign collection provide handy reminders to recycle!

“We are delighted to partner with the State Bank of Bikaner and Jaipur (SBBJ) as it will provide our customers with additional retail finance options. Low interest rates and low processing fee are some of the benefits of opting for SBBJ as a preferred financier. The bank’s vast pan India network of 860 branches will also help us make further inroads in upcountry markets,” said Mr. K. Chandrasekar, Senior Vice President, Corporate Finance, Mahindra & Mahindra Ltd.

Customers can avail of a loan up to 85% of the on road price of the vehicle, with a tenure of up to 7 years. They can also avail of low interest rates amounting to 12% for passenger vehicles and 11.75% for commercial vehicles.

M&M’s Automotive Sector makes a wide range of vehicles including MUVs, LCVs and three wheelers. It also manufactures the Logan passenger car through a JV with Renault SA of France. Mahindra is the largest manufacturer of MUVs, offering over 20 models including new generation utility vehicles like the Scorpio and the Bolero. The company is a market leader in the Utility Vehicle segment. Over the years, Mahindra has been steadily growing in stature as an international automotive major.

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