Maruti Suzuki Partners with SMFG India Credit to Boost Retail Financing for Commercial Vehicles

New Delhi – Maruti Suzuki India Limited (MSIL) has announced a new partnership with SMFG India Credit to provide customised vehicle financing options for its commercial vehicle customers. The collaboration will primarily benefit buyers of Maruti Suzuki’s Super Carry and Eeco Cargo models.

The two companies signed a Memorandum of Understanding (MoU) in the presence of senior leadership from both sides. Representing Maruti Suzuki were Partho Banerjee and Nobutaka Suzuki, Senior Executive Officers of Marketing & Sales, along with Vishal Sharma, Vice President of Maruti Suzuki Finance and Driving School. From SMFG India Credit, key attendees included Chief Operating Officer Swaminathan Subramanian, Chief Business Officer Ajay Pareek, and Head of Planning & Alignment Takamitsu Kajii.

Through this partnership, Maruti Suzuki aims to enhance its dealer network’s ability to offer comprehensive and flexible retail financing solutions to customers. The company believes this move will further strengthen its commercial vehicle segment by offering end-to-end, tech-enabled loan services through SMFG India Credit’s extensive network.

Partho Banerjee of Maruti Suzuki said the initiative reflects the company’s continued focus on customer convenience. “The Super Carry has won the trust of fleet operators with its load-carrying capability, while the Eeco Cargo is valued for its utility and comfort. This partnership will make it easier for our customers to access finance solutions tailored to their needs,” he stated.

Ajay Pareek of SMFG India Credit echoed similar sentiments, calling the collaboration a strategic move toward improving financial accessibility. “We aim to empower individuals and small businesses with seamless credit offerings. Partnering with an industry leader like Maruti Suzuki helps us take this vision forward by reaching more customers across India,” he said.

This alliance marks another step in Maruti Suzuki’s broader efforts to improve affordability and financing ease for commercial vehicle buyers, a segment that continues to grow in importance for the automaker.

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