Maruti Suzuki India Limited (MSIL) has entered into a Memorandum of Understanding (MoU) with Hero FinCorp Limited to enhance financing options for both new and pre-owned car buyers. The partnership aims to provide accessible and customised financial solutions, making car ownership easier for a broader customer base.
By combining Maruti Suzuki’s extensive dealership network with Hero FinCorp’s expertise in financial services, the collaboration is set to offer seamless and flexible financing solutions. This move is expected to benefit customers across India by providing competitive loan offerings and quicker approval processes.
The MoU was formalised in the presence of senior officials from both companies. Representing Maruti Suzuki were Partho Banerjee, Senior Executive Officer of Marketing & Sales, Kamal Mahtta, Vice President of Allied Business, and Vishal Sharma, General Manager of Maruti Suzuki Finance & Driving School. Hero FinCorp was represented by MD & CEO Abhimanyu Munjal, along with other senior executives.
Partho Banerjee highlighted that the partnership aligns with Maruti Suzuki’s vision to strengthen its financing ecosystem and cater to a diverse set of customers across India, further driving growth in the automobile sector.
In February 2025, total passenger car sales stood at 84,265 units, slightly lower than 86,890 units recorded in February 2024. For the cumulative period from April 2024 to February 2025, passenger car sales reached 8,25,672 units, compared to 8,98,183 units in the previous financial year.
Total domestic sales, including Light Commercial Vehicles (LCVs), were 1,63,501 units in February 2025, nearly unchanged from 1,63,397 units in February 2024. The cumulative domestic sales figure for the April-February period stood at 1,642,125 units, a marginal increase from 1,637,314 units in FY 2023-24.
Overall, total sales, including domestic and exports, stood at 1,99,400 units in February 2025, a slight increase from 1,97,471 units in February 2024. The cumulative sales for April 2024 to February 2025 reached 2,041,282 units, marking an improvement over 1,948,127 units in the previous year.
The partnership between Maruti Suzuki and Hero FinCorp is set to enhance car financing accessibility, supporting a broader customer base. Meanwhile, Maruti Suzuki’s steady sales performance in February 2025 reflects resilience in the automotive market.
On March 10, 2025, Maruti Suzuki share price opened at ₹11,600.00, touching the day’s high at ₹11,697.90, as of 10:29 AM on the NSE.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Mar 10, 2025, 11:57 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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