• About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News
Friday, February 3, 2023
  • Login
Pioneer News
ADVERTISEMENT
  • Home
  • India
    • National
    • State News
  • Education
  • Business
  • World
  • Entertainment
  • Lifestyle
    • Health & Fitness
    • Travel
    • Fashion & Beauty
    • Food
  • Tech
    • App News
    • Gadgets
  • Auto
  • Others
    • Sports
    • Finance/Money
    • Agriculture
    • Science
    • Astrology
    • Social Work
    • Press Release
No Result
View All Result
  • Home
  • India
    • National
    • State News
  • Education
  • Business
  • World
  • Entertainment
  • Lifestyle
    • Health & Fitness
    • Travel
    • Fashion & Beauty
    • Food
  • Tech
    • App News
    • Gadgets
  • Auto
  • Others
    • Sports
    • Finance/Money
    • Agriculture
    • Science
    • Astrology
    • Social Work
    • Press Release
No Result
View All Result
Pioneer News
No Result
View All Result
Home Auto

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

Pioneer News by Pioneer News
October 21, 2020
in Auto, Finance/Money
0

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.

RelatedPosts

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

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.

ADVERTISEMENT

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

 

Tags: Bank of BarodaToyota Kirloskar Motor
ShareTweetSharePinSendShareShareSend
ADVERTISEMENT
Pioneer News

Pioneer News

Related Posts

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

Univest collaborates with Pratik Gandhi to conquer retail investor challenges

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

PayRup, India’s Fastest Payment app is launched

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

Goodyear Lubricants Releases New Engine Oil Products in India

by Pioneer News
January 7, 2023
Drivio, a digital-first omnichannel two-wheeler financing platform in making, raises USD 1 million in seed funding
Business

Drivio, a digital-first omnichannel two-wheeler financing platform in making, raises USD 1 million in seed funding

by Pioneer News
January 2, 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

by Pioneer News
December 29, 2022
Next Post

How Choosing The Right Makeup Academy Can Boost Your Makeup Career

Leave a Reply Cancel reply

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

  • Trending
  • Comments
  • Latest
Things to Learn from The Weekly with ChoubeyJi

Things to Learn from The Weekly with ChoubeyJi

February 25, 2022
Oral Asformas – The Digital Marketing Entrepreneur who lit up his life through his Never-Back-Down attitude

Oral Asformas – The Digital Marketing Entrepreneur who lit up his life through his Never-Back-Down attitude

April 21, 2022
KGF Star Yash in Conversation with Anchor Anupam Anand

KGF Star Yash in Conversation with Anchor Anupam Anand

March 1, 2022
Choubey Ji is back with Season 2

Choubey Ji is back with Season 2

December 30, 2022

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

1

FTV brings their First Beauty Pageant to India

1
Gaurav Bhatia Sotheby’s Ex MD Luxury Guru takes us through Luxury on the Table

Gaurav Bhatia Sotheby’s Ex MD, Luxury Guru, takes us through “Luxury on the Table”

1

One on One Coaching – Private & Confidential

1
Khel Now joins Bundesliga International as latest content partner to highlight best of German football throughout India

Khel Now joins Bundesliga International as latest content partner to highlight best of German football throughout India

February 2, 2023
Ananya Birla participated in the discussion on “The Role of Youth Against Climate Change.”

Ananya Birla participated in the discussion on “The Role of Youth Against Climate Change.”

February 2, 2023
Nidarshana Gowani invited as the guest of honour at Maharashtra Ratna Awards 2023

Nidarshana Gowani invited as the guest of honour at Maharashtra Ratna Awards 2023

February 1, 2023
On 03rd & 04th February at Hotel Marriott Hi Life Exhibition Season's trendiest fashion showcase is back

On 03rd & 04th February at Hotel Marriott, Hi Life Exhibition Season’s trendiest fashion showcase is back

February 1, 2023

Categories

  • Agriculture
  • App News
  • Astrology
  • Auto
  • Business
  • Education
  • Entertainment
  • Fashion & Beauty
  • Finance/Money
  • Food
  • Gadgets
  • Health & Fitness
  • Lifestyle
  • National
  • Photography
  • Politics
  • Press Release
  • Religion
  • Science
  • Social Work
  • Sports
  • State News
  • Tech
  • Travel
  • Uncategorized
  • World
ADVERTISEMENT

Pioneer News, 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.

Categories

  • Agriculture
  • App News
  • Astrology
  • Auto
  • Business
  • Education
  • Entertainment
  • Fashion & Beauty
  • Finance/Money
  • Food
  • Gadgets
  • Health & Fitness
  • Lifestyle
  • National
  • Photography
  • Politics
  • Press Release
  • Religion
  • Science
  • Social Work
  • Sports
  • State News
  • Tech
  • Travel
  • Uncategorized
  • World
February 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728  
« Jan    

Recent News

  • Khel Now joins Bundesliga International as latest content partner to highlight best of German football throughout India
  • Ananya Birla participated in the discussion on “The Role of Youth Against Climate Change.”
  • Nidarshana Gowani invited as the guest of honour at Maharashtra Ratna Awards 2023
  • On 03rd & 04th February at Hotel Marriott, Hi Life Exhibition Season’s trendiest fashion showcase is back
  • Here is how young singer Rudransh Gowani is taking their family legacy forward
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News

© 2021 Pioneer News.

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

© 2021 Pioneer News.

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