Lohia Auto Industries ties up with IndusInd Bank

MUMBAI: Lohia Auto Industries on Wednesday announced its tie up with private sector lender IndusInd BankBSE 4.71 % for financing their diesel three wheelers.
Through this partnership the bank will offer retail finance at an attractive rate of interest to the customers of Lohia Auto for all Lohia 3-wheeler models. This partnership will be able to provide hassle-free loan facility at competitive interest rates to its customers.

The loan facility will be available across the states of Madhya Pradesh, Haryana, Bihar, Jharkand, Chattisgarh, Gujarat, Rajasthan, Odissa, AP, R&T and Coastal Andhra.

“This alliance is part of our strategy to continue to be a leading player in the field of three wheeler financing. We will offer retail finance at an attractive rate of interest to customers through our large branch network,” said S.V. Parthasarathy, Head – Consumer Finance Division, IndusInd Bank.

“A huge segment of customers will be benefited by this alliance. This partnership will also help both the Lohia Auto and IndusInd Bank in increasing the number of customers, thus enabling widening of the market for the products,” said Ayush Lohia, managing director, Lohia Auto Industries.

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