Hyundai Motors ties up with ING Vysya for car loans

Hyundai Motors India Managing Director and CEO H.W. Park (left) and Director (Marketing and Sales) Arvind Saxena at the unveiling of Next Gen i10 car, in New Delhi or Thursday. Photo: R.V. Moorthy

The country’s second largest car maker Hyundai Motor India on Saturday said it has tied up with private sector lender ING Vysya Bank to provide retail financing facilities to customers.

“With this association, we will be able to reach out to a wider consumer base with better and easier finance options. Also, the competitive rates and easily accessible locations of the bank will surely benefit our customers,” Hyundai Motor India Ltd (HMIL) Director (Marketing and Sales) Arvind Saxena said in a statement.

Under the agreement, both the firms will work together to provide car loans using HMIL’s customer database.

“The tie-up will cover financing options by all the branches of the bank in India. Both the partners will utilise and leverage each other’s strengths to cross sell Hyundai vehicles along with the bank’s car loans and schemes,” the statement said.