BharatBenz customers to benefit from Himachal Pradesh Gramin Bank’s attractive finance options
Mandi (Himachal Pradesh), India: Daimler India Commercial Vehicles Pvt. Ltd. (DICV), the 100% wholly-owned subsidiary of Daimler AG, signed a Memorandum of Understanding (MoU) with the Himachal Pradesh Gramin Bank to provide commercial vehicle financing packages to BharatBenz customers across Himachal Pradesh.
Himachal Pradesh Gramin Bank will become a key financing partner for BharatBenz along with
others adding substantial choice and value for customers. As part of the MoU, Himachal
Pradesh Gramin Bank will evaluate the financial needs of the clients and develop appropriate
financing packages to BharatBenz customers.
Himachal Pradesh Gramin Bank, sponsored by Punjab National Bank came into existence with
the amalgamation of two RRBs, viz. Himachal Gramin Bank, Mandi (sponsored by Punjab
National Bank) and Parvatiya Gramin Bank, Chamba (sponsored by State Bank of India) vide
Government of India Notification dated 15th February 2013 under section 21 of the RRBs Act,
1976 with its Head Office at Mandi. The area of operation of the Bank is spread over to 12
districts of Himachal Pradesh.
The agreement was signed between Satish Kumar Chawla, Chairman, Himachal Pradesh
Gramin Bank and Arghadip Roy, Assistant General Manager & National Head - Retail and
DICV Corporate Communications Page 2 of 3
Channel Finance and T.D Jayakar, Senior Manager - Retail & Channel Finance from Daimler
India Commercial Vehicles (DICV).
Announcing the partnership, Erich Nesselhauf, CEO and Managing Director, DICV, said,
"Himachal Pradesh Gramin Bank as our preferred financier allows us to strengthen our
presence in the state of Himachal Pradesh, which is a significant commercial vehicle market.
We are confident that our customers will benefit from the viable finance options provided by
the bank, and they can be assured of competitive financing solutions with tailor-made
offerings for our BharatBenz trucks."
tish Kumar Chawla, Chairman, Himachal Pradesh Gramin Bank added, "We have a
wide distribution network in the semi-urban and rural areas. Truck customers will be keen on
trying this exciting truck brand, backed by the confidence of existing financier relations. This
symbiotic relationship will help to leverage ours and DICV‟s strengths, thus opening up new
avenues and allowing for a collaborative association."