Automaker General Motors today said that it had signed a memorandum of understanding with public sector lender State Bank of India for financing its range of vehicles.
Ankush Arora, vice president, sales, marketing and after-sales General Motors exchanged documents with State Bank of India, chief general managers P Nandakumaran and BS Bhasin, a company release here said.
As per the MoU, State Bank of India would provide retail and wholesale financing to customers for purchase of GM India vehicles across the banks' 12,150 branches.
General Motors India, a subsidiary of General Motors Company USA, has two state-of-the-art manufacturing facilities at Halol in Gujarat and Talegaon in Maharashtra.
The company currently manufactures Chevrolet Cruze, Chevrolet Optra Magnum, Chevrolet Aveo, Chevrolet SRV, Chevrolet Aveo U-VA, Chevrolet Spark, Chevrolet Tavera and Chevrolet Captiva for the Indian market, the release added.
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