Orix India And Mahindra Partner For Leasing And Financing Commercial Vehicles

Orix India and Mahindra have signed a Memorandum of Understanding for leasing and financing commercial vehicles.

By Rajkamal

Published: Thursday, June 15, 2017, 11:44 [IST]

Orix India, a leasing and financing company has signed a Memorandum of Understanding (MoU) with Mahindra to provide commercial vehicle buyers loans and leasing solutions.

Orix provides finance for all kinds of commercial vehicles consisting of small and large truck and bus operators, schools, distributors of all kinds of products, factory owners, mine owners, building material suppliers, etc. ORIX also offers tailor-made financing solutions.

Commenting on the MoU, Sandeep Gambhir, the CEO of Orix India said, "Our partnership with Mahindra broadly aims to improve the condition of India's Commercial Automobile sector by providing easy access to leasing and financing for commercial vehicle owners. ORIX will offer funding up to 90 percent of the cost of the commercial vehicles with its leasing solutions for tenures ranging up to 5 years at competitive rates."

"Mahindra & Mahindra addresses every segment of commercial vehicle market and our partnership with them will further fuel their aim to make their vehicles accessible to their users by providing cost-effective financing and leasing solutions."