Honda ties-up with Assam Gramin Vikash Bank

A special ceremony took place in Guwahati today, where India's second largest two-wheeler manufacturer, Honda Motorcycle & Scooter India (HMSI), announced a new collaboration, which will act as its new retail financer. It is Assam Gramin Vikash Bank, the greatest Regional Rural Bank in North East. Although, for enhanced finance facilities at state and PAN India level, the company has already set its associations with Co-operative, Gramin and Non-Banking financial institutions in the states like Punjab, Rajasthan, Uttar Pradesh & West Bengal.

The result of this event is an increase in the ease of accessibility of Honda’s 2Wheelers to the people as Assam Gramin Vikash Bank is another option in all of Assam with its 388 branches which is sponsored by United bank of India.

With this partnership, customers across all towns/Village where the bank has its network can avail many attractive value-ads. These benefits include daily reducing interest rates, minimum processing fee and hassle free loan with nil documentation. Through this partnership, buyers can avail loan amount of upto 80% of Honda’s 2Wheeler.

On the partnership, Sri Shio Shankar Singh, Chairman, Assam Gramin Vikash Bank said “We are really happy to partner with Honda Motorcycle & Scooter India Pvt. Ltd. With our wide network we believe customers across Assam will immensely benefit and would be able to avail Honda’s extensive and world class product portfolio. It is our continuous effort to make convenient, the availability of finance to the people and with Honda’s partnership we believe we would be able to help people in buying their choice of Honda two-wheeler.’’

On this partnership, Mr. YS Guleria, Vice President, Sales & Marketing, HMSI said, “Honda is always working to offer its customers with best value products and services. Today we are privileged to partner with the largest Regional Rural Bank in North East, Assam Gramin Vikash Bank to make Two-Wheeler buying for its customers more accessible and convenient. We are sure that with the Bank’s wide network we will be able to reach out to more and more customers in Assam and provide them an opportunity to experience high quality Honda products.”