TVS Motors to sign MoU with SBI

TVS Motors, Chennai-based auto manufacturer to sign a memorandum of understanding with India's largest leader State Bank of India (SBI) for funding its dealers. Auto firm said in a statement,"SBI will provide over 600 founding dealers status for TVS Motors across the country to enable them to post their zoom working capital and boost vehicle stocks. Their access to such fund at attractive interest rates will help them in increasing their dealership offer better retails services to the customers,"TVS Motor President(Marketing) H.S. Goindi said. The MoU organization with SBI is succeeding with our overall strategic business plan to increasing the working stock of the dealers.