CSB Bank enters into partnership with Daimler India for vehicle financing

CSB Bank has announced its strategic partnership with Daimler India Commercial Vehicle (DICV) to offer specialized vehicle-financing solutions. This collaboration marks a significant step towards offering enhanced support to dealerships and customers, while fostering growth and innovation within the sector.

The bank informed that it has signed a memorandum of understanding with DICV, under which it will provide tailored financial solutions to dealers and an array of lending choices to retail customers and contractors.

It said that this partnership will further allow DICV to expand its range of financing options and provide customers with greater flexibility and choice. And added that with the combined strength of CSB Bank and Daimler India, the network expansion and stock availability can be assured to meet customer demand on time. 

The bank said that dealerships will have financial stability to procure BharatBenz trucks from DICV and increase customer satisfaction. Narendra Dixit, Head-Retail Banking, CSB Bank, said, “We are excited to join hands with Daimler India Commercial Vehicles, an industry leader, renowned for its commitment to excellence. This association is another step by the bank in our ongoing commitment to elevate the banking experience for our valued customers. This partnership will enable the bank to grow its portfolio of assets and extend its reach into previously untapped consumer segments. I am sure our shared dedication will pave the way for continued advancement and triumph of the commercial vehicle sector.”

Commenting on the partnership, Sreeram Venkateswaran, President & Chief Business Officer, Sales and Customer Service, Daimler India Commercial Vehicles, said, “Our partnership with CSB Bank aims at enhancing the offerings for BharatBenz customers by providing simpler and tailored financing options. The partnership with CSB will significantly strengthen our position in the core CSB markets. We are confident that this partnership will make it easier for commercial vehicle operators, to own and become more competitive with our BharatBenz trucks.”